Unifimoney brings Digital Wealth Management to Banno Digital Platform

By Edlyn Cardoza

Unifimoney Inc. recently announced that its digital wealth management investment platform is accessible through Jack Henry’s Banno Digital Platform. The integration enables community and regional banks on the Banno Digital Platform to offer their account holders access to trade thousands of stocks and ETFs, over 50 cryptocurrencies, and gold and other precious metals.

Unifimoney integrated to Jack Henry using the Banno Digital Toolkit, which employs the same open API the Banno Digital Platform operates. The Banno Digital Toolkit provides FinTechs with an easy way to embed solutions into digital banking experiences curated by the community and regional financial institutions. Unifimoney adds to a growing library of popular FinTech services fully integrated into the Banno Digital Platform, giving banks and credit unions fast, secure, on-demand access to the most relevant innovations in the FinTech ecosystem.

Ben Soppitt, Co-Founder and CEO of Unifimoney, said, “Consumer interest in investing has exploded in recent years driven by ease of access through mobile apps, fractional investing and no or low fees—plus consumers’ growing interest in alternatives like crypto. Most financial institutions have been excluded from this market to date, forcing their customers to adopt new 3rd party services. We are proud to be working with Jack Henry to help the most trusted providers of financial services—community banks and credit unions—evolve their digital services and strengthen their local communities.”

Julie Morlan, Senior Managing Director of Digital Solutions at Jack Henry, added, “Investing and building wealth are central to sound money management and long-term financial health. With Unifimoney, our community and regional financial institutions can enable both passive and active investment strategies for their account holders. In addition, it allows them to democratize access to both conventional assets and newer alternatives like crypto. Unifimoney is an important addition to our growing list of fintechs participating in the Jack Henry ecosystem, and we are excited about what Unifimoney brings to the Banno Digital Platform™.”

Recently, IBS Intelligence reported that Unifimoney had announced its availability within the Q2 Innovation Studio, making its trading platform pre-enabled to 450+ financial institutions (FIs) on the Q2 digital banking platform.