Atomic FI
Atomic FI offers solutions to streamline payment switching and enhance security, utilizing TrueAuth technology and machine learning to improve user experience and financial connectivity.
Services
Atomic FI offers a range of solutions geared towards simplifying and streamlining payment switching for consumers. These services include direct deposit setup and switching, which are facilitated through Jack Henry's digital banking platform. Additionally, the company provides a unified solution for managing both direct deposits and payment switching to help financial institutions accelerate account primacy and boost interchange revenue.
Technology
Atomic FI employs advanced technologies to enhance security and user experience. One notable technology is TrueAuth, which allows consumers to authenticate directly with their merchants, eliminating the need to share credentials with third parties. Furthermore, Atomic FI utilizes machine learning to optimize search algorithms, thereby improving user experience and conversion rates in financial connectivity solutions.
Products
Atomic FI has developed several key products to support its financial solutions. The company offers the PayLink solution, which supports the Consumer Financial Protection Bureau's initiatives related to open banking in the United States. Another important product is the Deposit plugin, created using their Digital ToolkitTM, which integrates into digital banking experiences available through community and regional financial institutions.
Partnership with Jack Henry
Atomic FI is part of the Jack Henry ecosystem, which comprises over 850 fintech firms and serves roughly 8,000 financial institutions. Through its collaboration with Jack Henry, Atomic FI's solutions are accessible via Banno users on Jack Henry's digital banking platform. This partnership enables Atomic FI to extend its capabilities and reach a broader audience within the financial industry.
Industry Impact
Atomic FI plays a significant role in enhancing financial connectivity and streamlining consumer banking transitions. The company's suite of solutions not only simplifies processes for end-users but also supports financial institutions in increasing account primacy and interchange revenue. By leveraging secure authentication methods and advanced machine learning, Atomic FI is at the forefront of promoting efficient and user-friendly financial services.