New digital bank greenpenny opts for Jack Henry’s tech
Greenpenny, a new digital bank in the US focused on sustainable energy, has selected domestic banking tech heavyweight Jack Henry & Associates to support its core processing, real-time payments, bill payment capabilities, and fraud detection functions.
New digital bank greenpenny selects Jack Henry’s tech
Launched in 2021, greenpenny is powered by Decorah Bank & Trust, a community bank in Iowa with a long history of financing renewable energy projects.
It offers consumers and businesses a broad suite of banking products and dedicates its deposits to financing renewable energy and/or carbon-reducing projects. Since its launch, greenpenny says it has financed approximately 1,100 solar projects offsetting just under 33,000 tons of CO2 annually.
“At greenpenny, our aim is to inspire the use of clean energy regionally and nationally, and teach consumers that where they keep their money matters,” comments president Jason MacDuff.
The bank’s customers “expect a modern and frictionless virtual banking experience”, he adds, and Jack Henry’s technology will help greenpenny meet customer expectations, further automate its processes, and enable the bank to scale “while continuing to deliver community bank customer service”.
