Bankjoy, digital banking provider in Detroit, has announced its integration with Fiserv Portico, a full-service account processing system.
Through the integration, credit unions using Fiserv Portico will have greater flexibility to deploy Bankjoy’s digital banking tools for their members.
Bankjoy’s integration with Fiserv Portico is designed to allow more credit unions to deliver an online and mobile banking experience with a modern, intuitive user experience that attracts new members while deepening existing member relationships.
Live Life Federal Credit Union in Fraser, which has more than $60 million in assets, is Bankjoy’s latest client to leverage the integration with Fiserv Portico.
“We incorporated Bankjoy’s digital banking platform as a critical component of our aggressive growth strategy,” says Traoney Harris, executive vice president and COO of Live Life FCU. “Discovering a competitive digital banking solution that integrates with Fiserv Portico has been a game changer, enabling us to deliver a modern digital banking experience.”
In addition to the integration with Fiserv Portico, Bankjoy also supports out-of-the-box integrations with several third-party partners, including Allied Payments, Vertifi, UrbanFT, Savvy Money, and more.
As a result, credit unions on Fiserv Portico will have more opportunities to proactively address members’ needs with the latest technologies, an improvement over what can be lengthy implementation timelines and costly engineering resources.
Engineered by credit union executives, Bankjoy delivers modern banking technology, including mobile and online banking, e-statements, online account opening, online loan origination, and conversational AI to financial institutions.
Bankjoy’s latest digital product offerings include a new, standalone online account opening solution and a new business banking platform. Bankjoy’s suite of integrations makes it easier and more cost-effective for credit unions to deliver feature-rich digital banking technology to members, whether they have a retail or business account.
“Ongoing digital transformation over the last decade has accelerated the need for financial institutions of all sizes to deliver a state-of-the-art digital banking experience. Their success as an institution depends on this, as the top performing financial institutions see an average of 24-28 digital banking log-ons per account holder each month, which drives revenue growth by an average of 10-15 percent each year, according to McKinsey & Company,” said Michael Duncan, CEO of Bankjoy.
“Yet, investing in a truly cutting-edge digital banking solution can seem out-of-reach for institutions without extensive engineering resources and IT budgets. Our integration with Fiserv Portico aims to solve this by giving credit unions more flexibility to roll out the digital banking features that today’s members expect in the most efficient and cost-effective way possible.”
For more details on Bankjoy’s integration with Fiserv Portico, the companies are hosting a webinar on April 18 at 1 p.m. ET. Bankjoy CEO Michael Duncan and Senior Sales Engineer, David Slaughter will present a live demo of the product and integration, as well as an overview of other third-party partners that are available to Fiserv Portico credit unions through the partnership.
Register here for the event.
Bankjoy develops banking technology, including mobile banking, online banking, and a banking API to banks and credit unions.
For more information, visit bankjoy.com.