FinovateSpring Best of Show Winner Array Teams Up with Jack Henry

https://finovate.com/finovatespring-best-of-show-winner-array-teams-up-with-jack-henry/
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  • Financial enablement platform Array announced a partnership with Jack Henry Associates to embed its credit management and identity protection solutions into Jack Henry’s Banno Digital Platform.
  • Among the institutions to adopt the technology is Washington-based Timberland Bank.
  • Array is a two-time Finovate Best of Show winner, earning its most recent award at FinovateSpring 2022 last week.

Array, a financial enablement platform that specializes in embeddable solutions for financial institutions, announced a partnership with fellow Finovate alum Jack Henry. The partnership will integrate Array’s credit management services, identity protection tools, and offer engine into Jack Henry’s Banno Digital Platform. The combination of technologies will give customers personalized credit and financial insights via their preferred financial institution partners.

“The financial services ecosystem exists to enable consumers to improve their financial health,” Array Director of Strategic Partnerships Jacob Bouer said. “This movement is both necessary and urgent. If financial institutions do not offer credit monitoring and identity protection products, consumers will find them elsewhere.”

By leveraging the Banno Digital Toolkit, Array has been able to help financial institutions better serve their customers and members by enabling them to securely access and monitor their credit directly from their bank or credit union. Not only does the integration give better service to customers, it also helps banks boost digital engagement, grow revenues, and expand opportunities for both new lending and credit. Among the institutions to take early advantage of Array’s technology is Timberland Bank, headquartered in Washington. The bank’s EVP and COO, Jonathan Fischer, praised the partnership for providing “the tools necessary to engage and educate customers on their credit health, which strengthens relationships and ultimately improves our community’s well-being.”

Among the solutions available to bank customers via the collaboration are customized credit score simulators, score factors, debt analysis, alerts, and more. The technology helps educate bank customers by giving them greater awareness of their credit information and history, and enables them to make better decisions on how to improve their financial lives.

Founded in 2019 and headquartered in New York, Array demoed its technology last week at FinovateSpring in San Francisco. At the conference, the company earned its second Best of Show award for its platform that democratizes data accessibility while simultaneously protecting privacy and ensuring consent. Martin Toha is founder and CEO.


Photo by DS stories

https://finovate.com/finovatespring-best-of-show-winner-array-teams-up-with-jack-henry/