Fintech company Marstone, Inc. has announced a collaboration to integrate its digital wealth platform with Jack Henry & Associates, Inc.’s (NASDAQ:JKHY) Banno digital banking platform.
This partnership allows bank customers using Banno’s digital banking platform to access Marstone’s digital wealth platform via a single sign-on (SSO).
Marstone used Jack Henry’s API, design, and authenticated frameworks to seamlessly embed its technology into the digital experiences offered by community and regional financial institutions, contributing to Jack Henry’s ecosystem of fintech partners.
The technology collaboration enables over 400 digital banks to adopt Marstone’s digital wealth solutions through Jack Henry’s digital banking platform.
“Post-COVID, banks are continuing to turn to digital wealth as a long-term way to engage and retain customers. This trend has been further accelerated by the rising rate environment and the need for banks to have long-term plans to generate fee-based revenue,” said Margaret J. Hartigan, co-founder and CEO of Marstone.
Price Action: JKHY shares are trading lower by 0.30% at $147.29 on the last check Tuesday.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
