SALT LAKE CITY–(BUSINESS WIRE)–Atomic, the market leading payroll connectivity provider, today announced that its direct deposit setup and exchange solution, Deposit, is now available through Jack Henry’s digital banking platform.
Atomic leveraged the Digital ToolkitTMthe same set of APIs as the Banno Digital PlatformTM is built to embed its technology into the digital experiences offered by local and regional financial institutions. Access to Jack Henry’s API, design and authenticated framework has enabled Atomic to integrate directly into the digital banking platform, providing a seamless banking experience. This integration contributes to Jack Henry’s growing ecosystem of over 850 fintech firms, providing approximately 8,000 financial institutions with relevant financial products and services for their account holders.
Atomic launched a soft launch for its Deposit plugin on Jack Henry’s digital banking platform in July 2022, giving Banno users access to their first-to-market direct deposit switch and setup solution. By using Atomic’s deposit solution, financial institutions can enable their customers to digitally set up and switch direct deposits into fund accounts with them.
With Atomic’s Deposit solution active on Jack Henry’s digital banking platform, existing Banno customers can install and activate the Deposit plugin to the bank’s mobile app or online banking platform within hours.
This collaboration is a great example of merged fintech creating stronger gains and greater opportunities for financial institutions of all sizes, and fostering a more competitive landscape.
“We aim to help marginalized and underserved consumers,” said Jordan Wright, co-founder and CEO of Atomic. “Similarly, we strive to help financial institutions of all asset sizes differentiate and excel – often the regional and community banks are among the hardest to serve underrepresented populations. By working together, customers have the opportunity to unlock direct access to account funding streams without had to invest in modern technology infrastructure or build internal APIs and integrations required to launch competitive, cutting-edge financial solutions. We are excited about this integration with Jack Henry and Banno’s digital banking platform.”
About Jack Henry & Associates, Inc.
Jack HenryTM (Nasdaq: 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 transparency, 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 45 years, Jack Henry has delivered technology solutions that enable clients to innovate faster, strategically differentiate and compete successfully while serving the changing needs of their account holders. We empower approximately 8,000 customers with human-inspired innovation, personalized service and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.
About Atomic:
Atomic is the market-leading provider of payroll connectivity, trusted by over 160 financial institutions, fintech firms and partners, including 13 of the largest fintech apps, as well as financial firms offering digital-first neobanks, alternative lending, crypto exchanges and digital brokerages.
Atomic provides the infrastructure to connect consumers to their financial data, automate direct deposit setup and updates, digitize verifications of income and employment (VOI/VOE), repay paycheck financial obligations, access earned but unpaid wages and loss tax filing benefits, as well as supporting financial wellness benefits through its EmployerLink solutions. Atomic’s suite of API solutions simplifies complex payroll and human resources platform integrations covering over 480 unique payroll connections, including established payroll providers, tailored enterprise solutions, modern HR technology providers, gig economy platforms and government systems.
Atomic is ranked by CB Insights as a Fintech 250, selected by the Fintech Breakthrough Awards as a Best Banking Transaction Solution, and recognized as a Top Work Places 2022. Atomic has raised $78.6 million from investors including Greylock, Mercato Partners, Core Innovation Capital, Portage and ATX Venture Partners. For more insight into the intersection of fintech and payroll, subscribe to Atomics Intelligence newsletter.
