Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Atomic collaborates with Jack Henry to unlock a digital banking evolution for banks and credit unions

Community and regional financial institutions can offer account holders a quick, convenient way to set-up and switch direct deposits with the Deposit solution plugin

Atomic, the market-leading provider of payroll connectivity, announced today that its direct deposit setup and switching solution, Deposit, is now accessible through Jack Henry’s digital banking platform.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221201005373/en/

Atomic collaborates with Jack Henry to unlock a digital banking evolution for banks and credit unions (Graphic: Business Wire)

Atomic collaborates with Jack Henry to unlock a digital banking evolution for banks and credit unions (Graphic: Business Wire)

Atomic leveraged the Digital ToolkitTM, the same set of APIs on which the Banno Digital PlatformTM is built, to embed its technology into the digital experiences offered by community and regional financial institutions. Access to Jack Henry’s API, design, and authenticated frameworks has enabled Atomic to directly integrate into the digital banking platform, providing a seamless banking experience. This integration contributes to Jack Henry’s growing ecosystem of over 850 fintech firms, providing approximately 8,000 financial institutions with relevant financial products and services for their account holders.

Atomic rolled out a soft launch for its Deposit plugin on the Jack Henry digital banking platform in July 2022, giving Banno users access to its first-to-market direct deposit switch and set-up solution. Using Atomic’s Deposit solution, financial institutions can enable their customers to digitally set up and switch direct deposits to fund accounts held with them.

With Atomic’s Deposit solution active on the Jack Henry digital banking platform, existing Banno customers can install and activate the Deposit plugin to their bank’s mobile app or online banking platform within hours.

This collaboration is a great example of conjoined fintech that creates stronger wins and greater opportunities for financial institutions of all sizes, fostering a more competitive landscape.

"We aim to help marginalized and underserved consumers,” said Jordan Wright, Co-founder and CEO at Atomic. “In the same way, we strive to help financial institutions of every asset size differentiate and excel–often the regional and community banks are among the hardest to serve underrepresented populations. By partnering, customers are empowered to unlock direct access to account funding streams without needing to invest in modern technological infrastructure or build in-house APIs and integrations required to launch competitive, cutting-edge financial solutions. We’re thrilled about this integration with Jack Henry and the Banno digital banking platform.”

About Jack Henry & Associates, Inc.

Jack HenryTM (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 45 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 8,000 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.

About Atomic:

Atomic is the market-leading provider of payroll connectivity, trusted by over 160 financial institutions, fintech firms, and partners, including 13 of the largest fintech apps, as well as financial firms offering digital-first neobanks, alternative lending, crypto exchanges, and digital brokerages.

Atomic provides the infrastructure to connect consumers to their financial data, automate set-up and updates to direct deposits, digitize income and employment verifications (VOI/VOE), repay financial obligations from their paycheck, access earned but unpaid wages, and tap tax filing advantages, as well as supporting financial wellness benefits through its EmployerLink solutions. Atomic’s suite of API solutions simplifies complicated payroll and human resource platform integrations that cover over 480 unique payroll connections, including incumbent payroll providers, bespoke enterprise solutions, modern HR tech providers, gig-economy platforms and government systems.

Atomic is ranked by CB Insights as a Fintech 250, selected by Fintech Breakthrough Awards as a Best Banking Transaction Solution, and is recognized as a Top Work Places 2022. Atomic has raised $78.6 million from investors, including Greylock, Mercato Partners, Core Innovation Capital, Portage, and ATX Venture Partners. For more insights on the intersection of fintech and payroll, you can subscribe to Atomic's Intelligence newsletter.

Contacts

Jack Henry Press Contact:

Mark Folk Sr. Corporate Communications Manager

(704) 890-5323

Atomic Press Contact:

Lindsay Davis Head of Markets

954-529-3995

Lindsay@atomicfi.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.