NEWARK, DE — Prismm has joined the Jack Henry Fintech Integration Network, a move aimed at helping banks and credit unions integrate estate settlement and wealth-transfer management tools into their existing core banking systems.
The company announced that its Prismm Anchor platform will integrate with Jack Henry’s SilverLake, CIF 20/20, Core Director and Symitar platforms through the company’s jXchange and SymXchange interfaces.
The integration expands access to estate orchestration services as financial institutions confront a large-scale transfer of wealth between generations and increasing pressure to retain deposits and customer relationships after account holders die or become incapacitated.
Prismm said its platform is designed to help institutions manage estate settlement workflows, organize assets, prepare beneficiaries and reduce operational complexity tied to asset transfers.
According to the company, the platform is intended to help banks and credit unions retain deposits that might otherwise leave the institution during estate settlement, maintain relationships with heirs and beneficiaries, and reduce administrative burdens tied to inheritance transfers.
Martha Underwood indicated financial institutions are seeking infrastructure that provides more structure around generational wealth transfers and beneficiary management.
Jack Henry’s Fintech Integration Network gives third-party financial technology providers direct access to the company’s technical resources and testing systems to support integrations with client institutions. The company noted participation in the network does not constitute an endorsement of a fintech provider’s products.
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