Jack Henry Strengthens Wealth Management Services with Bits of Stock
Jack Henry (Nasdaq: JKHY) has announced a strategic partnership with Bits of Stock to integrate fractional stock rewards into its Banno Digital Platform鈩�. This alliance enables banks and credit unions to offer their customers investment opportunities through everyday transactions.
The platform allows consumers to open free investment accounts directly through their financial institutions, with features including stock rewards on purchases and round-ups. According to Bits of Stock data, users typically see 40% balance increases within 12 months, and their commissioned NYU Stern study found stock rewards are 34 times more effective than cash rewards at increasing customer spending.
Credit Union One of Oklahoma has already implemented the system across all checking account tiers, from free accounts with round-ups to premium accounts offering 1% stock rewards on purchases.
Jack Henry (Nasdaq: JKHY) ha annunciato una partnership strategica con Bits of Stock per integrare ricompense in azioni frazionarie nella sua Banno Digital Platform鈩�. Questa collaborazione permette a banche e credit union di offrire ai clienti opportunit脿 di investimento legate alle transazioni quotidiane.
La piattaforma consente ai consumatori di aprire conti d'investimento gratuiti direttamente attraverso la propria istituzione finanziaria, con funzionalit脿 come ricompense in azioni sugli acquisti e arrotondamenti. Dati di Bits of Stock indicano che gli utenti registrano tipicamente un aumento del saldo del 40% entro 12 mesi, e uno studio commissionato dalla NYU Stern ha rilevato che le ricompense in azioni sono 34 volte pi霉 efficaci delle ricompense in contanti nell'incrementare la spesa dei clienti.
Credit Union One of Oklahoma ha gi脿 implementato il sistema su tutti i livelli di conti correnti, dai conti gratuiti con arrotondamenti ai conti premium che offrono l'1% di ricompense in azioni sugli acquisti.
Jack Henry (Nasdaq: JKHY) ha anunciado una alianza estrat茅gica con Bits of Stock para integrar recompensas fraccionarias en acciones en su Banno Digital Platform鈩�. Esta colaboraci贸n permite a bancos y cooperativas de cr茅dito ofrecer a sus clientes oportunidades de inversi贸n vinculadas a las transacciones diarias.
La plataforma permite a los consumidores abrir cuentas de inversi贸n gratuitas directamente a trav茅s de su entidad financiera, con funciones como recompensas en acciones por compras y redondeos. Seg煤n datos de Bits of Stock, los usuarios suelen experimentar un aumento del saldo del 40% en 12 meses, y un estudio encargado por NYU Stern encontr贸 que las recompensas en acciones son 34 veces m谩s efectivas que las recompensas en efectivo para aumentar el gasto de los clientes.
Credit Union One of Oklahoma ya ha implementado el sistema en todos los niveles de cuentas de cheques, desde cuentas gratuitas con redondeos hasta cuentas premium que ofrecen un 1% en recompensas en acciones por compras.
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鞚� 頂岆灚韽检潃 靻岆箘鞛愱皜 旮堨湹旮瓣磤鞚� 韱淀暣 氍措 韴瀽 瓿勳毳� 氚旊 臧滌劋頃� 靾� 鞛堦矊 頃橂┌, 甑Г 鞁� 欤检嫕 氤挫儊 氚� 氚橃槵毽�(霛检毚霌滌梾) 臧欖潃 旮半姤鞚� 韽暔頃╇媹雼�. Bits of Stock鞚� 雿办澊韯办棎 霐半ゴ氅� 靷毄鞛惖鐢 鞚茧皹鞝侅溂搿� 12臧滌洈 雮� 鞛旍暋鞚� 40% 歃濌皜頃橂┌, NYU Stern鞚� 鞚橂頃� 鞐瓣惮鞐愳劀电� 欤检嫕 氤挫儊鞚� 瓿犼皾 歆�於滌潉 電橂Μ电� 雿� 鞛堨柎 順勱笀 氤挫儊氤措嫟 34氚� 雿� 須臣鞝�鞚措澕瓿� 氚濏様鞀惦媹雼�.
Credit Union One of Oklahoma电� 鞚措 氇摖 觳错伂 瓿勳 霌标笁鞐� 鞚� 鞁滌姢韰滌潉 霃勳瀰頄堨溂氅�, 氍措 瓿勳鞚� 霛检毚霌滌梾攵�韯� 甑Г 鞁� 1% 欤检嫕 氤挫儊鞚� 鞝滉车頃樀鐢 頂勲Μ氙胳梽 瓿勳旯岇 韽暔霅╇媹雼�.
Jack Henry (Nasdaq: JKHY) a annonc茅 un partenariat strat茅gique avec Bits of Stock pour int茅grer des r茅compenses en actions fractionnaires 脿 sa Banno Digital Platform鈩�. Cette alliance permet aux banques et aux coop茅ratives de cr茅dit d'offrir 脿 leurs clients des opportunit茅s d'investissement li茅es aux transactions quotidiennes.
La plateforme permet aux consommateurs d'ouvrir des comptes d'investissement gratuits directement via leur 茅tablissement financier, avec des fonctionnalit茅s telles que des r茅compenses en actions sur les achats et des arrondis. Selon les donn茅es de Bits of Stock, les utilisateurs constatent g茅n茅ralement une augmentation des soldes de 40% en 12 mois, et une 茅tude command茅e par la NYU Stern a montr茅 que les r茅compenses en actions sont 34 fois plus efficaces que les r茅compenses en esp猫ces pour augmenter les d茅penses des clients.
Credit Union One of Oklahoma a d茅j脿 d茅ploy茅 le syst猫me sur tous les niveaux de comptes ch猫ques, des comptes gratuits avec arrondis aux comptes premium offrant 1% de r茅compenses en actions sur les achats.
Jack Henry (Nasdaq: JKHY) hat eine strategische Partnerschaft mit Bits of Stock angek眉ndigt, um Bruchteilaktien-Belohnungen in seine Banno Digital Platform鈩� zu integrieren. Diese Allianz erm枚glicht es Banken und Kreditgenossenschaften, ihren Kunden Investitionsm枚glichkeiten durch allt盲gliche Transaktionen anzubieten.
Die Plattform erlaubt Verbrauchern, 眉ber ihre Finanzinstitute kostenlose Investmentkonten zu er枚ffnen, mit Funktionen wie Aktienbelohnungen bei Eink盲ufen und Aufrundungen. Laut Daten von Bits of Stock verzeichnen Nutzer typischerweise eine Saldoerh枚hung von 40% innerhalb von 12 Monaten, und eine von der NYU Stern in Auftrag gegebene Studie ergab, dass Aktienbelohnungen 34-mal wirksamer sind als Bargeldpr盲mien, um die Kundenausgaben zu steigern.
Credit Union One of Oklahoma hat das System bereits in allen Girokontenstufen eingef眉hrt, von kostenlosen Konten mit Aufrundungen bis zu Premiumkonten, die 1% Aktienbelohnung auf Eink盲ufe bieten.
- Integration enables financial institutions to offer investment capabilities without requiring additional apps
- Users show 40% balance increases within 12 months of using the platform
- Stock rewards proven 34x more effective than cash rewards at increasing customer spending
- Solution helps banks retain deposits and deepen customer relationships
- None.
Insights
Jack Henry's Bits of Stock alliance creates stickier banking relationships and potential revenue growth through embedded wealth-building tools.
Jack Henry's strategic alliance with Bits of Stock represents a significant embedded finance evolution for community financial institutions. By integrating fractional stock rewards directly into the Banno Digital Platform, JKHY is addressing two critical challenges simultaneously: deposit retention and next-generation customer acquisition.
The technical implementation details reveal a sophisticated approach - customers can open investment accounts without leaving their primary banking relationship, eliminating friction that typically drives users to fintech alternatives. This closed-loop ecosystem strategy aligns with broader industry efforts to combat deposit outflows to higher-yielding alternatives.
The performance metrics are particularly compelling. The reported 40% balance increases within 12 months for users suggests this isn't merely a novelty feature but a meaningful behavioral driver. More striking is the NYU Stern finding that fractional stock rewards drive 34x more customer spending per reward dollar versus cash incentives - a multiplier effect that creates substantial ROI potential for financial institutions implementing the solution.
Credit Union One of Oklahoma's tiered implementation demonstrates the product's versatility across customer segments. Their three-tier structure creates natural progression paths that incentivize relationship deepening while generating fee income - addressing revenue diversification needs as net interest margins remain under pressure.
For Jack Henry, this represents more than just a new product feature - it's a strategic positioning move that strengthens the Banno platform's competitive moat against both traditional core providers and emerging fintech challengers targeting the wealth management gap in community banking.
Alliance enables banks and credit unions to offer fractional stock rewards and round-ups on everyday transactions, building consumer loyalty and a path to financial wellness
With Bits of Stock's embedded loyalty and rewards platform, consumers can open free investment accounts directly through their financial institution without the need for additional apps or accounts, helping accountholders build personalized stock portfolios. This capability supports Jack Henry's vision to help banks and credit unions become the access point for all financial needs and attract and protect deposits.
The integration works to bridge the gap between traditional banking and modern investment tools, helping new generations of accountholders develop deeper relationships with their financial institution. Bits of Stock reports that accountholders who use the investment platform tend to increase their balances, with some achieving
These investment opportunities also work directly to Jack Henry's mission of helping accountholders better control their finances and improve their financial health. "There is growing demand, especially from younger consumers, for investment products that enable trading in small, incremental amounts," said Erica Pilon, head of Corporate Strategy at Jack Henry. "This offering helps banks and credit unions reach new investors by providing them with accessible investment tools from a financial institution they already know and trust."
Credit Union One of
"We were so impressed with member response during testing that we integrated stock investing capabilities into every checking account tier," said Tyrel McCain, President and CEO of the credit union. "It creates a natural progression where members can start with free entry points and graduate to earning stock rewards as they deepen their relationship with us. It's driving both new account openings and fee income while helping our members build wealth through everyday spending."
About Jack Henry & Associates, Inc.庐听Jack Henry鈩�听(狈补蝉诲补辩: 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 鈥� offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For nearly 50 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 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at .
Statements made in this news release that are not historical facts are "forward-looking statements." Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company's Securities and Exchange Commission filings, including the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.
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FAQ
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