Cotribute Implements Clients as a Member of the Jack Henry™ Vendor Integration Program

INDIANAPOLIS — Cotribute, an award-winning embeddable fintech platform helping credit unions grow deposits, loans and memberships, today announced at the 2023 Jack Henry Connect that it has successfully implemented clients as a member of the Jack Henry™ Vendor Integration Program (VIP). Participation provides Cotribute with access to Jack Henry's technical resources to enable its 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 that governs these interactions.

Cotribute's digital experiences can be easily embedded within a credit union's extended ecosystem. The platform comes with best-in-class templates and AI-based fraud prevention that help credit unions deliver 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 increase 60%, cost of operations decreases 45%, and onboarding time collapses from hours to minutes.

"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," said Philip Paul, CEO of Cotribute. "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."

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. An S&P 500 company, Jack Henry prioritizes openness, collaboration, and user centricity — offering banks and credit unions a vibrant ecosystem of modern capabilities and the ability to integrate with leading fintechs. Additional information is available at jackhenry.com. (VIP inclusion is not an endorsement of the vendor's product.)

About Cotribute

Cotribute is an award-winning fintech platform that enables profitable revenue and member growth for credit unions. Its capabilities include embedded digital account opening, loan application, member onboarding, smart cross-selling, FraudGuard+, analytics, and SEG/community engagement programs. Cotribute's clients range from Fortune 500 financial institutions operating across the U.S. to small regional credit unions. It is built on a cloud-based micro-services architecture, is SOC 2 Type 2 certified, and integrates seamlessly with core systems.

Originally distributed via Business Wire, October 17, 2023. View the original release ↗