NewsBTC
1 hour ago
Bullish

ShredPay joins Jack Henry integration network, opening access to 7,400 institutions

1 min

ShredPay has joined Jack Henry’s Fintech Integration Network, enabling banks and credit unions on Jack Henry systems to connect stablecoin and digital-asset services through jXchange and SymXchange APIs. The announcement, dated September 21, focuses on technical integration rather than an automatic rollout to all Jack Henry clients.

Integration scope

  • ShredPay: stablecoin and digital-asset management platform.
  • Connectivity: jXchange and SymXchange APIs link ShredPay to Jack Henry core banking systems for accounts, payments, controls, and reporting.
  • Purpose: reduce integration friction that often limits digital-asset adoption by regulated institutions.

Distribution potential

  • Jack Henry’s footprint: about 7,400 banks and credit unions combined.
  • Adoption model: access is enabled through the network. Each institution independently evaluates and decides on implementation.
  • Strategic significance: presence in a major core-banking integration layer increases ShredPay’s reach to regulated financial institutions.

Context

Stablecoins are being positioned as payment and settlement infrastructure within conventional banking workflows. ShredPay’s integration with Jack Henry aligns with this shift by embedding stablecoin rails into existing banking operations.

Source: Primary Source. Edited by Samuel Rae.