ShredPay Joins Jack Henry Network To Bring Stablecoin Infrastructure To Banks

TL;DR ShredPay has joined the Jack Henry Fintech Integration Network. The integration can connect ShredPay’s stablecoin and digital-asset services with Jack Henry institutions through jXchange and SymXchange APIs. Jack Henry serves about 7,400 banks and credit unions combined. ShredPay has joined Jack Henry’s Fintech Integration Network, opening a path for banks and credit unions on Jack Henry technology to connect with stablecoin and digital-asset services. The partnership was announced on September 21 and centers on integration rather than a blanket rollout to every Jack Henry customer. ShredPay Connects Through Jack Henry APIs ShredPay describes itself as a stablecoin and digital-asset management platform. Through the Jack Henry network, financial institutions can integrate ShredPay services using jXchange and SymXchange APIs, the interfaces used to connect fintech products with Jack Henry’s core banking systems. That matters because one of the biggest barriers to bank adoption of digital-asset infrastructure is not necessarily demand for the product itself. It is the difficulty of connecting new services to the systems institutions already use for accounts, payments, controls a...