DRESHER, PA — Ascensus has announced a strategic partnership with fintech company Janusea to enhance the administration of IRAs and health savings accounts (HSAs) for financial institutions. The collaboration introduces an integrated solution that connects Ascensus’ technology platform directly with banks and credit unions, eliminating the inefficiencies of manual, dual-entry transaction processing.
Serving approximately 5,500 financial organizations through its Retirement Products & Solutions (RPS) division, Ascensus aims to leverage Janusea’s expertise in fintech integration to simplify operations and enhance client services in IRA and HSA administration.
“We’re thrilled to partner with Janusea to bring this innovative solution to our clients,” said Anna Johnson, Head of Ascensus Retirement Products & Solutions. “Janusea believes integration should never be a barrier to innovation and is passionate about unlocking and accelerating financial technology for banks and credit unions. We’re proud to offer this turn-key solution with minimal implementation effort on our clients’ behalf, so banks and credit unions can spend more time doing what they do best and leave the data sharing and reconciliation to us.”
The solution will streamline key areas, including transaction processing, compliance-driven workflows to reduce data entry errors, and integration with more than 20 core systems. It also boasts a modern tech stack to scale account management operations efficiently.
Kyle Stutzman, CEO and Co-Founder of Janusea, emphasized the partnership’s alignment of values. “Technology, expertise, and partnership are shared values for both of our companies, and we are excited to bring real-time, two-way communication with Ascensus to banks and credit unions,” said Stutzman. “Through our technology platform, integration expertise, and commitment to partnership, we believe we are stronger when working together.”
This partnership captures the shared goal of enhancing productivity and fostering growth for financial institutions, while maintaining secure and compliant integration capabilities for retirement and tax-advantaged savings solutions.
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