Cotribute Implements Clients as a Member of the Jack Henry™ Vendor Integration Program
17 Outubro 2023 - 9:15AM
Business Wire
- VIP enables Cotribute to integrate with
Symitar® -
Cotribute, an award-winning embeddable fintech platform helping
credit unions grow deposits, loans and memberships today announced
at the 2023 Jack Henry Connect in Indianapolis that it has
successfully implemented clients as a member of the Jack Henry™
Vendor Integration Program (VIP). Participation in the program has
provided Cotribute with access to Jack Henry’s technical resources
to enable Cotribute’s embeddable digital account opening and loan
application solutions to integrate with Jack Henry Symitar. The
Vendor Integration Program is designed to help ensure that Jack
Henry’s customers can easily deploy third-party products.
Cotribute integrates with Symitar via SymXchange™, a
services-based programming interface that enables third-party
vendors and credit unions to access the platform’s core data and
business rules. The integrity of data is maintained throughout any
data exchange, because access to business rules and data is managed
through a service layer which governs these interactions.
Cotribute’s digital experiences can be easily embedded within
the credit unions extended ecosystem. The platform comes with
best-in-class templates and AI-based fraud prevention that help
credit unions get compelling fintech like experiences without the
heavy lifting. Cotribute’s core integration adapters enable
real-time bi-directional connectivity and are configured in less
than 30 days. With Cotribute, onboarding conversions are increased
by 60%, cost of operations are decreased by 45% and onboarding time
collapses from hours to minutes.
Philip Paul, CEO of Cotribute, said, “The pandemic accelerated
the adoption of digital tools and technologies by consumers across
all age demographics. As a result, credit unions are increasingly
looking for innovative digital account opening and loan origination
solutions. Credit union and bank executives have indicated that
efficiently growing deposits and loans as well as increasing their
operational efficiency through intelligent automation are top
priorities. Our integration with Symitar allows Jack Henry
customers to quickly leverage a large library of best-in-class
digital onboarding flows for deposit, loan, insurance, investment
and other financial products in order to achieve their growth
priorities. Additionally, the integrated fraud detection,
intelligent decisioning and automated document collection
capabilities allow clients to reduce their operational workload
while increasing compliance.”
Jack Henry’s VIP takes the customer out of the middle, providing
vendors with direct access to Jack Henry’s technical resources and
test systems. VIP inclusion is not an endorsement of the vendor’s
product.
About Jack Henry™
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial
technology company that strengthens connections between financial
institutions and the people and businesses they serve. We are a
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 47
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 7,500 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 Cotribute
Cotribute is an award-winning fintech platform that enables
profitable revenue and member growth for credit unions. Cotribute’s
capabilities include embedded digital account opening, loan
application, member onboarding, smart cross-selling, fraud guard+,
analytics and SEG/community engagement programs. Cotribute’s
clients range from Fortune 500 financial institutions operating
across the US to small regional credit unions. Cotribute is built
on blazing fast cloud-based micro-services architecture, is SOC2
Type 2 certified, seamlessly integrates with core systems and is on
a mission to deliver beautiful digital experiences to every member.
For more information, visit www.cotribute.com.
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Adrie Morales / Anna Stanley adrie@williammills.com /
anna@williammills.com 678.781.7227 / 251.517.7857
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