Chimney and Jack Henry Join Forces to Enhance Homeowner Engagement

Chimney and Jack Henry Join Forces to Enhance Homeowner Engagement

Chimney™, a financial technology innovator, is changing the way financial institutions connect with homeowners. By integrating its services into the Jack Henry™ digital banking platform, Chimney is making property data more accessible for financial services. This collaboration opens new avenues for community and regional financial institutions to streamline how they serve their account holders.

Embedding Technology for Enhanced Banking Experiences

The integration leverages the powerful Banno Digital Toolkit™, enabling Chimney to embed its technology seamlessly into digital banking experiences. With access to Jack Henry’s APIs and design frameworks, Chimney enhances the ability of financial institutions to provide personalized banking experiences to homeowners. This move aligns with Jack Henry's ecosystem, which features over 1,000 fintech partners to support approximately 7,500 financial institutions in delivering relevant financial products.

Empowering Financial Institutions to Serve Homeowners Better

Chimney’s embedded financial tools allow institutions to connect with homeowners digitally, improving engagement and facilitating deposit generation and loan funding through smart recommendations. This innovative approach focuses on enriching the online banking experience for homeowners by providing essential tools and insights for managing their largest asset: their home.

Financial Plus Credit Union's Implementation

Financial Plus Credit Union, an early adopter of Chimney’s technology, is gearing up to implement these financial tools. Jessica McNier, SVP of Technology & Innovation at the credit union, emphasized the importance of financial education. She stated, “Our partnership with Chimney will soon empower homeowners with personalized financial insights, helping them reach their financial goals by delivering resources to maximize their home’s value and equity.”

Transforming Homeowner Interaction with Personalization

Rachelle Kippe, SVP of Lending at Financial Plus, remarked on the credit union's commitment to improving homeowner engagement through this technology. She noted, “At Financial Plus, we’ve traditionally served homeowners through a cross-department strategy. With the upcoming Home Value+ powered by Chimney, we’ll create an omnichannel experience that enhances access for homeowners while improving operational efficiency.”

Unlocking Potential with Chimney Home

Chimney Home equips homeowners with vital advice on home value, equity, and pre-qualified offers, integrated into the digital banking channels they prefer. This proactive approach to engaging homeowners is crucial in today’s thriving home equity market.

Revolutionizing Financial Recommendations

Matthew Covi, co-founder and CEO of Chimney, shared insights on the need for personalized product recommendations in the financial sector, stating, “For years, financial institutions struggled to personalize recommendations for homeowners. Our solution leverages financial health data alongside property data, empowering institutions to provide tailored loan recommendations.” Such personalization allows homeowners to engage in the competitive home equity landscape directly through their banking apps.

About Jack Henry & Associates, Inc.

Jack Henry (Nasdaq: JKHY) is renowned for blending financial technology with user-centered design, fostering stronger relationships between institutions and their clientele. As an S&P 500 company, Jack Henry has been delivering innovative technology solutions for decades, aiding clients in achieving their goals while adapting to evolving market demands.

About Financial Plus Credit Union

Founded in 1952, Financial Plus Credit Union serves over 82,000 members, providing a wide range of banking products and services tailored to meet the financial needs of Michigan residents.

About Chimney

Chimney offers homeowners tools to monitor home value and manage borrowing power, all from their banking apps. Their platform utilizes open banking data to deliver personalized financial recommendations and has garnered trust from leading financial institutions nationwide, providing specialized solutions to enhance customer engagement.

Frequently Asked Questions

What is the main focus of Chimney's technology?

Chimney focuses on providing homeowners with personalized insights and recommendations related to their property and financial health.

How does Chimney's integration with Jack Henry improve services?

The integration allows financial institutions to offer tailored banking experiences, enhancing homeowner engagement and financial decision-making.

What benefits does Chimney Home provide for homeowners?

Chimney Home provides actionable advice on home equity, value, and borrowing power to help homeowners manage their finances efficiently.

Who can utilize Chimney's services?

Primarily financial institutions can utilize Chimney’s technology to better serve their account holders, particularly homeowners.

What is the significance of personalized recommendations in financial services?

Personalized recommendations help financial institutions to address the unique needs of homeowners, improving customer satisfaction and decision-making.

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