Splitit Joins Jack Henry Fintech Network to Bring Installment Payments Into Banking

Splitit has joined Jack Henry’s Fintech Integration Network, integrating its installment payment technology with Jack Henry’s SilverLake core banking platform and Banno Digital Platform. The move gives banks and credit unions a new way to offer embedded installments while keeping customers inside their existing banking relationship.

The partnership comes as financial institutions look for alternatives to sending customers to standalone Buy Now, Pay Later providers whenever they want to spread a purchase over time.

For Jack Henry customers, the integration could turn installment payments into another service delivered through the bank or credit union’s own digital experience.

Splitit connects installments to Jack Henry’s banking infrastructure

The integration connects Splitit’s debit-card installment functionality to SilverLake through Jack Henry’s jXchange services-based APIs.

jXchange allows third-party fintechs and financial institutions to access core banking data and business rules through a service layer. That architecture is designed to manage interactions between connected systems while maintaining consistent data exchange.

Splitit is also integrated with the Banno Digital Platform, extending the capability into the digital banking experience.

The result is a more direct path for eligible Jack Henry banks and credit unions to introduce installment functionality without building the underlying technology themselves.

The bigger opportunity is keeping BNPL inside the bank

The strategic argument behind the partnership is straightforward.

When a customer leaves a bank’s digital experience to use a separate BNPL provider, the financial institution can lose visibility into the transaction, potential fee income and an opportunity to deepen the customer relationship.

Splitit and Jack Henry are attempting to move that experience in the opposite direction.

With the white-label model, eligible financial institutions can offer installment payments through their own banking relationship. Customers do not need to download a separate application to access the capability.

That distinction matters.

For banks and credit unions, BNPL is not only a consumer-credit product. It is increasingly a question of who owns the payment experience.

Two ways customers can use the service

The integration supports installment payments both before and after a purchase.

At checkout, eligible accountholders can select an installment option when purchasing through participating merchants, marketplaces and digital wallets.

After the transaction, eligible purchases can also be converted into personalized installment offers through Splitit’s personalization engine. Those offers can appear directly inside the financial institution’s digital banking experience.

That creates a potentially useful second engagement point.

Instead of the bank disappearing after the card transaction is completed, the institution can remain part of the customer’s financial decision after the purchase.

Banks can add installments without becoming the lender of record

Another important element is the operating model.

According to Splitit, eligible banks and credit unions can offer the embedded installment functionality without developing their own technology, becoming the lender of record or requiring customers to use a separate third-party application.

That could lower the technology burden for institutions that want to compete with established BNPL providers but do not want to build a standalone installment platform.

It also gives financial institutions another potential source of fee income while preserving the broader customer relationship.

The exact commercial economics will, of course, depend on how individual institutions structure their offerings.

Jack Henry’s Fintech Integration Network is central to the deal

The partnership also highlights the broader purpose of Jack Henry’s Fintech Integration Network, or FIN.

Jack Henry describes FIN as an open ecosystem that gives fintech companies direct access to its technical resources and test systems. The goal is to accelerate integration with Jack Henry’s core platforms and complementary solutions while reducing the need for a financial institution to sit in the middle of the integration process.

Importantly, Jack Henry says FIN is open to fintechs, including companies that compete with its own ancillary products.

The company also makes clear that inclusion in FIN does not constitute an endorsement of a participating fintech’s product.

That makes the network strategically interesting beyond this individual partnership.

A different approach to BNPL

Traditional BNPL has largely been built around a third-party relationship.

The consumer sees a BNPL option at checkout, selects the provider and enters a separate financial relationship outside the bank that issued the underlying account or card.

Splitit’s approach with Jack Henry is different.

The installment experience can sit closer to the existing bank relationship, allowing the institution to remain visible throughout the payment journey.

For community banks and credit unions, that could be particularly valuable because customer engagement is often a central competitive advantage.

Rather than trying to replicate every feature of a large standalone BNPL company, the institution can potentially integrate a specialized capability into its existing digital banking environment.

Why this matters for fintech integration

The partnership also illustrates a broader shift in banking technology.

Banks increasingly want modular capabilities rather than completely closed technology stacks.

Instead of waiting for a core provider to build every new financial product, institutions can connect specialized fintech services to their existing infrastructure.

Jack Henry’s FIN is designed around exactly that model. Its platform connects fintechs directly to Jack Henry’s core environment, while the financial institution retains greater choice over which external capabilities it adopts.

Splitit’s addition therefore represents more than an installment-payment launch.

It is another example of the core banking system becoming an integration layer for specialized financial technology.

The competitive stakes are moving beyond checkout

The most important part of this development may be what happens after checkout.

BNPL providers have traditionally competed for the customer’s attention at the moment of purchase. Banks and credit unions now have an opportunity to participate in that decision themselves.

If installment offers can appear inside a customer’s existing banking application, the institution can potentially turn a payment feature into another recurring engagement point.

That could strengthen account relationships while creating additional opportunities around payments, lending and financial management.

For Splitit, the Jack Henry integration provides access to a large ecosystem of banks and credit unions. For Jack Henry customers, it adds another specialized capability without requiring each institution to build its own installment infrastructure.

The bottom line

Splitit’s integration with Jack Henry is ultimately about control of the customer relationship.

The partnership gives eligible banks and credit unions a way to offer installment payments through their own digital channels, rather than automatically sending customers to separate BNPL platforms.

As embedded finance continues to blur the boundaries between banking, payments and commerce, the institutions that can add new financial capabilities without sacrificing the existing customer relationship may have an important advantage.

And Jack Henry’s Fintech Integration Network provides the infrastructure for exactly that kind of collaboration.

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