Platinum Federal Credit Union (PFCU) has forged a strategic alliance with Jack Henry, leveraging the power of the Symitar platform. This cutting-edge integration enables PFCU to provide an array of business payment services, including ACH, wire transfers, and entitlements, while revolutionizing cash management and workflows through automation.
PFCU’s adoption of Jack Henry’s open banking platform empowers its members to gain a comprehensive financial perspective, encompassing information from external institutions. By categorizing members’ expenses, this innovative solution grants them a bird’s-eye view of their spending habits, fostering informed financial decision-making.
Furthermore, PFCU intends to implement Jack Henry’s real-time embedded payments and debit and credit card management solutions, further enhancing the convenience and efficiency of their banking experience.
Established in 1999, PFCU boasts a membership base exceeding 10,000 and serves the financial needs of the Shia Ismaili Muslim community, including small businesses that contribute to the local ecosystem.
Kabir Laiwalla, CEO of PFCU, emphasizes the significance of this collaboration, stating, “By delivering a comprehensive financial view, we can equip our members with the knowledge to make informed and sound financial choices. Consequently, our partnership with Jack Henry empowers PFCU to expand our services while positioning ourselves as the hub of our account holders’ financial lives.”
