Consumers and businesses are looking to their financial institutions for providing Bitcoin services and Jack Henry, a large payment processor for the financial industry, is up to the task. From their press release it was announced that consumers and business accounts alike will be given access to NYDIG’s buy-hold-sell features through Jack Henry’s proprietary Banno Digital Platform.
Banno Digital Platform currently supports regional and community financial institutions in the U.S., which offers access to popular third-party apps for more than 7.1 million consumers.
"Jack Henry is a key access point to community financial institutions and Main Street America. Together, we are bridging access to broader financial tools for Jack Henry customers. This relationship marks an important step toward making bitcoin services more obtainable for both financial institutions and their account holders,” says Rahm McDaniel, Head of Banking Solutions at NYDIG.
Rahm believes that the relationship enables financial institutions the ability to offer competitive services that meet the needs of today’s consumers and businesses. All parties involved believe that this partnership will improve their financial health and further establish their place as a trusted service provider for customer finances.
Julie Morlan, Senior Managing Director of Digital Solutions at Jack Henry, appears to be on the same page as Rahm. She said, "It's important for financial institutions to be at the center of financial transactions, and our work with NYDIG is a great example of how we can collaborate to make this a reality. Our relationship with NYDIG helps more banks and credit unions meet today's modern payment demands. It supports our mission of equipping financial institutions with optionality and access to a broader financial ecosystem, maintaining first-app status for consumers' financial needs."
NYDIG is a Bitcoin company that drives Bitcoin adoption among major financial institutions. They achieve this by delivering technology and financial services to businesses in a broad range of industries. Their proprietary full-stack bitcoin platform is built to the highest security, regulatory, and operational standards.
About Jack Henry & Associates, Inc.
Jack Henry (NASDAQ:JKHY) specializes in future-ready digital solutions and payment processing services for the financial services industry. They are a publicly traded company in the S&P 500 that serves 8,000 institutions through multiple branches.