Splitit joins the Jack Henry Fintech Integration Network
Splitit, known for its bank-linked installment payment solutions, has integrated its services with Jack Henry's SilverLake core banking platform and Banno Digital Platform via the Jack Henry Fintech Integration Network. This collaboration allows financial institutions utilizing Jack Henry's platforms to offer Splitit's installment payment options directly to their customers.
The integration positions Splitit to enhance its market reach by tapping into Jack Henry's extensive customer base of community banks and credit unions. As a result, these financial entities can provide consumers with flexible payment options, which can drive higher engagement and revenue opportunities in the competitive BNPL landscape.
Key takeaways
- ▸Splitit's solutions are now available to community banks and credit unions using Jack Henry's platforms.
- ▸The integration enhances customer engagement for financial institutions by offering flexible payment options.
- ▸This collaboration strengthens Splitit's position in the BNPL market as competition intensifies.
Why this matters
This integration allows banks and credit unions to remain competitive by offering modern payment solutions, enhancing customer loyalty and retention. For Splitit, this partnership expands its distribution channel, positioning it advantageously in the rapidly evolving BNPL sector. Financial institutions that leverage this partnership can drive new revenue streams by appealing to consumers seeking installment payment options for larger purchases.