Latest news with #Incent
Business Wire
5 days ago
- Business
- Business Wire
Incent, MDT Partner to Provide Youth Digital Banking Solutions for Credit Unions
PORTLAND, Ore.--(BUSINESS WIRE)-- Incent, a leading provider of family and youth digital banking solutions for banks and credit unions and Credit Union Service Organization (CUSO), and MDT, a CUSO that helps credit unions navigate complex financial technology ecosystems, announced today a partnership to provide MDT clients a fully integrated, youth banking platform to more effectively engage and attract youth members by offering a secure, real-world digital banking experience for children and teens. Incent and MDT partner to provide an advanced youth banking solution, helping credit unions attract Gen Z and Gen Alpha, build long-term loyalty by engaging younger members and build responsible money management habits. The growing demographic disparity among credit unions further underscores the importance of engaging with Generation Z (ages 16 -18) and Generation Alpha (ages 6 – 15). In a recent survey conducted by CULytics, 80% of credit union leaders indicated that attracting younger members is 'extremely important.' However, in the same survey, less than 40% of respondents reported gaining 'real traction' with this segment. Incent, in partnership with MDT, is helping address this concern with its fully integrated, white-labeled solution that is designed specifically for younger members with interactive features, a seamless user interface and an intuitive design that is easy to navigate. Pete Major, Vice President, Fintech Solutions at MDT, said, 'At MDT, we are committed to providing our credit union clients with proven tools and services that support their business goals and help them remain institutions of choice. Engaging the next generation of members is a top priority for credit unions across the country. Incent's platform not only ensures credit unions remain relevant with Generation Z and Generation Alpha, but also has built in features to foster long-term relationships. We are proud to partner with Incent and to make this compelling offering available to our credit union community.' Together, MDT and Incent are providing credit unions a youth banking solution that builds responsible money management habits by offering a secure, real-world digital banking experience. The platform's robust suite of features are designed to teach financial literacy and encourage responsible money management through various modules including: Learn, Earn, Spend, Save, Give and Borrow. Marcell King, president and COO of Incent, said, 'MDT has a strong reputation and history of supporting the digital movement and ensuring credit unions of all sizes are equipped to not only succeed, but to thrive in today's increasingly competitive environment. This partnership is yet another example of that commitment and together, we are providing MDT's credit union clients with invaluable tools to educate and engage with younger generations, while also ensuring these members are equipped with the knowledge needed to make sound money decisions and to establish a solid financial foundation. Our platform is designed to engage the entire family, building trust and loyalty for not only today's members, but for future generations as well. We look forward to a long-standing partnership with MDT and to working with their member credit unions.' Incent's youth banking platform keeps deposits and interchange revenue within the credit union rather than diverting them to third-party fintech sponsor banks. Additionally, the platform helps credit unions grow their share of wallet by maintaining ownership of the relationship and seamlessly transitioning the child to an 'adult' account when the child turns 18. About Incent Incent is the leading provider of B2B youth banking services for U.S. banks and credit unions. Designed specifically for community financial institutions, Incent's youth digital banking solution provides the tools needed to teach kids responsible financial habits. The platform engages youth (ages 6–18) by combining financial education and gamification with hands-on real-life banking experiences focused on earning, saving, giving, spending and borrowing money. Incent seamlessly integrates with financial institutions' existing digital banking solutions, enabling banks and credit unions to engage younger customers while maintaining deposits within the institution. The parent or guardian retains full control of the account, ensuring a safe and educational digital banking experience. For additional information about Incent visit or connect with the company on LinkedIn. About MDT MDT helps credit unions navigate complex financial technology ecosystems, ensuring they remain institutions of choice for members. In addition to hosting the Symitar core processing system from Jack Henry™, MDT provides credit unions with the tools and technology needed to compete and grow. Committed to partnership, security, and compliance, MDT takes a collaborative approach to service—leveraging deep industry expertise to understand each institution's unique needs and foster long-term success. MDT supports over 100 credit unions with cloud-based solutions, expert consulting, and digital transformation strategies. With MDT, credit unions across the country can more effectively implement technology, boost efficiencies, and enhance member service. Visit or follow @memberdriven for more information.
Associated Press
5 days ago
- Business
- Associated Press
Incent, MDT Partner to Provide Youth Digital Banking Solutions for Credit Unions
PORTLAND, Ore.--(BUSINESS WIRE)--Jun 3, 2025-- Incent, a leading provider of family and youth digital banking solutions for banks and credit unions and Credit Union Service Organization (CUSO), and MDT, a CUSO that helps credit unions navigate complex financial technology ecosystems, announced today a partnership to provide MDT clients a fully integrated, youth banking platform to more effectively engage and attract youth members by offering a secure, real-world digital banking experience for children and teens. The growing demographic disparity among credit unions further underscores the importance of engaging with Generation Z (ages 16 -18) and Generation Alpha (ages 6 – 15). In a recent survey conducted by CULytics, 80% of credit union leaders indicated that attracting younger members is 'extremely important.' However, in the same survey, less than 40% of respondents reported gaining 'real traction' with this segment. Incent, in partnership with MDT, is helping address this concern with its fully integrated, white-labeled solution that is designed specifically for younger members with interactive features, a seamless user interface and an intuitive design that is easy to navigate. Pete Major, Vice President, Fintech Solutions at MDT, said, 'At MDT, we are committed to providing our credit union clients with proven tools and services that support their business goals and help them remain institutions of choice. Engaging the next generation of members is a top priority for credit unions across the country. Incent's platform not only ensures credit unions remain relevant with Generation Z and Generation Alpha, but also has built in features to foster long-term relationships. We are proud to partner with Incent and to make this compelling offering available to our credit union community.' Together, MDT and Incent are providing credit unions a youth banking solution that builds responsible money management habits by offering a secure, real-world digital banking experience. The platform's robust suite of features are designed to teach financial literacy and encourage responsible money management through various modules including: Learn, Earn, Spend, Save, Give and Borrow. Marcell King, president and COO of Incent, said, 'MDT has a strong reputation and history of supporting the digital movement and ensuring credit unions of all sizes are equipped to not only succeed, but to thrive in today's increasingly competitive environment. This partnership is yet another example of that commitment and together, we are providing MDT's credit union clients with invaluable tools to educate and engage with younger generations, while also ensuring these members are equipped with the knowledge needed to make sound money decisions and to establish a solid financial foundation. Our platform is designed to engage the entire family, building trust and loyalty for not only today's members, but for future generations as well. We look forward to a long-standing partnership with MDT and to working with their member credit unions.' Incent's youth banking platform keeps deposits and interchange revenue within the credit union rather than diverting them to third-party fintech sponsor banks. Additionally, the platform helps credit unions grow their share of wallet by maintaining ownership of the relationship and seamlessly transitioning the child to an 'adult' account when the child turns 18. About Incent Incent is the leading provider of B2B youth banking services for U.S. banks and credit unions. Designed specifically for community financial institutions, Incent's youth digital banking solution provides the tools needed to teach kids responsible financial habits. The platform engages youth (ages 6–18) by combining financial education and gamification with hands-on real-life banking experiences focused on earning, saving, giving, spending and borrowing money. Incent seamlessly integrates with financial institutions' existing digital banking solutions, enabling banks and credit unions to engage younger customers while maintaining deposits within the institution. The parent or guardian retains full control of the account, ensuring a safe and educational digital banking experience. For additional information about Incent visit or connect with the company on LinkedIn. About MDT MDT helps credit unions navigate complex financial technology ecosystems, ensuring they remain institutions of choice for members. In addition to hosting the Symitar core processing system from Jack Henry™, MDT provides credit unions with the tools and technology needed to compete and grow. Committed to partnership, security, and compliance, MDT takes a collaborative approach to service—leveraging deep industry expertise to understand each institution's unique needs and foster long-term success. MDT supports over 100 credit unions with cloud-based solutions, expert consulting, and digital transformation strategies. With MDT, credit unions across the country can more effectively implement technology, boost efficiencies, and enhance member service. Visit or follow @memberdriven for more information. View source version on CONTACT: MEDIA CONTACTS: Anna Stanley/ Laura Lenz [email protected]/[email protected] 251.517.7857 / 678.781.7226 KEYWORD: UNITED STATES NORTH AMERICA OREGON INDUSTRY KEYWORD: BANKING SOFTWARE PROFESSIONAL SERVICES INTERNET FAMILY DATA MANAGEMENT CONSUMER TECHNOLOGY TEENS OTHER PROFESSIONAL SERVICES OTHER CONSUMER MILLENNIALS FINANCE SOURCE: Incent Copyright Business Wire 2025. PUB: 06/03/2025 02:30 PM/DISC: 06/03/2025 02:32 PM
Yahoo
5 days ago
- Business
- Yahoo
Incent, MDT Partner to Provide Youth Digital Banking Solutions for Credit Unions
-- CUSOs join forces to provide best-in-class youth engagement tools.-- PORTLAND, Ore., June 03, 2025--(BUSINESS WIRE)--Incent, a leading provider of family and youth digital banking solutions for banks and credit unions and Credit Union Service Organization (CUSO), and MDT, a CUSO that helps credit unions navigate complex financial technology ecosystems, announced today a partnership to provide MDT clients a fully integrated, youth banking platform to more effectively engage and attract youth members by offering a secure, real-world digital banking experience for children and teens. The growing demographic disparity among credit unions further underscores the importance of engaging with Generation Z (ages 16 -18) and Generation Alpha (ages 6 – 15). In a recent survey conducted by CULytics, 80% of credit union leaders indicated that attracting younger members is "extremely important." However, in the same survey, less than 40% of respondents reported gaining "real traction" with this segment. Incent, in partnership with MDT, is helping address this concern with its fully integrated, white-labeled solution that is designed specifically for younger members with interactive features, a seamless user interface and an intuitive design that is easy to navigate. Pete Major, Vice President, Fintech Solutions at MDT, said, "At MDT, we are committed to providing our credit union clients with proven tools and services that support their business goals and help them remain institutions of choice. Engaging the next generation of members is a top priority for credit unions across the country. Incent's platform not only ensures credit unions remain relevant with Generation Z and Generation Alpha, but also has built in features to foster long-term relationships. We are proud to partner with Incent and to make this compelling offering available to our credit union community." Together, MDT and Incent are providing credit unions a youth banking solution that builds responsible money management habits by offering a secure, real-world digital banking experience. The platform's robust suite of features are designed to teach financial literacy and encourage responsible money management through various modules including: Learn, Earn, Spend, Save, Give and Borrow. Marcell King, president and COO of Incent, said, "MDT has a strong reputation and history of supporting the digital movement and ensuring credit unions of all sizes are equipped to not only succeed, but to thrive in today's increasingly competitive environment. This partnership is yet another example of that commitment and together, we are providing MDT's credit union clients with invaluable tools to educate and engage with younger generations, while also ensuring these members are equipped with the knowledge needed to make sound money decisions and to establish a solid financial foundation. Our platform is designed to engage the entire family, building trust and loyalty for not only today's members, but for future generations as well. We look forward to a long-standing partnership with MDT and to working with their member credit unions." Incent's youth banking platform keeps deposits and interchange revenue within the credit union rather than diverting them to third-party fintech sponsor banks. Additionally, the platform helps credit unions grow their share of wallet by maintaining ownership of the relationship and seamlessly transitioning the child to an "adult" account when the child turns 18. About Incent Incent is the leading provider of B2B youth banking services for U.S. banks and credit unions. Designed specifically for community financial institutions, Incent's youth digital banking solution provides the tools needed to teach kids responsible financial habits. The platform engages youth (ages 6–18) by combining financial education and gamification with hands-on real-life banking experiences focused on earning, saving, giving, spending and borrowing money. Incent seamlessly integrates with financial institutions' existing digital banking solutions, enabling banks and credit unions to engage younger customers while maintaining deposits within the institution. The parent or guardian retains full control of the account, ensuring a safe and educational digital banking experience. For additional information about Incent visit or connect with the company on LinkedIn. About MDT MDT helps credit unions navigate complex financial technology ecosystems, ensuring they remain institutions of choice for members. In addition to hosting the Symitar core processing system from Jack Henry™, MDT provides credit unions with the tools and technology needed to compete and grow. Committed to partnership, security, and compliance, MDT takes a collaborative approach to service—leveraging deep industry expertise to understand each institution's unique needs and foster long-term success. MDT supports over 100 credit unions with cloud-based solutions, expert consulting, and digital transformation strategies. With MDT, credit unions across the country can more effectively implement technology, boost efficiencies, and enhance member service. Visit or follow @memberdriven for more information. View source version on Contacts MEDIA CONTACTS:Anna Stanley/ Laura Lenzanna@ / laura@ 251.517.7857 / 678.781.7226 Sign in to access your portfolio
Business Wire
06-05-2025
- Business
- Business Wire
Utah Community Credit Union (UCCU) Partners With Incent for Family Banking
PORTLAND, Ore.--(BUSINESS WIRE)-- Incent, a leading provider of family and youth digital banking solutions for banks and credit unions, announced today Provo-based Utah Community Credit Union (UCCU) has selected its Family Banking platform. UCCU has 23 branches throughout Utah, more than 260,000 members and assets of $3.5 billion. Its headquarters is nestled between two large universities: Utah Valley University and Brigham Young University. Provo-based Utah Community Credit Union (UCCU) selects Incents Family Banking platform Market research from America's Credit Union has shown that the average age of a credit union member is 53, and UCCU has an average member age of 32 years old, hence the impetus to offer a true family banking platform. Kevin Banks, VP of Marketing at UCCU, said, 'UCCU has one of the youngest banking demographics in the nation, and we have a lot of young families. We needed to serve our families better now and into the future. The partnership with Incent is a perfect fit. We are thrilled to offer a banking experience, designed specifically with the youth in mind, to help foster responsible money management habits, financial literacy, and make it easier for parents to manage their children's banking needs.' Incent's platform helps financial institutions (FIs) better attract and engage their customers or members by offering a secure, real-world digital banking experience for children and teens. The white-labeled solution enables FIs to build brand awareness, maintain ownership of the account holder relationship and seamlessly transition the child to an 'adult' account when they turn 18. The platform also ensures deposits and interchange revenue remain within the client institution rather than being diverted to third-party fintech sponsor banks. Banks continued, 'Being located in Silicon Slopes, Utah's version of Silicon Valley, our tech-savvy membership demands innovative solutions. We needed a solution that could engage children and their families, and after our research, Incent's platform stood out above the rest to help us accomplish our goals.' Marcell King, president and COO of Incent, said, 'UCCU is unique in its membership demographics serving so many younger members. Incent's Family Banking platform gives financial institutions a more competitive avenue to earn deposits and grow accounts while differentiating the credit union. We look forward to partnering with UCCU and encouraging responsible financial habits early on in life.' About Utah Community Credit Union (UCCU) Founded in 1955, Utah Community Credit Union (UCCU) is rooted in the philosophy of 'people helping people' and built on core values of outstanding service, respect for others, and fiscal responsibility. We hold ourselves to the highest standards of honesty, professionalism, and integrity and are committed to achieving excellence in operations, products, and member service. With consistent and reliable service delivery, we create trusting relationships with our members. We are a member-centric organization. Our decisions at all levels are based on what is in the best interest of the member, while maintaining a financially strong and stable organization. For more information about UCCU, visit or call 801.223.8188. About Incent Incent is the leading provider of B2B youth banking services for U.S. banks and credit unions. Designed specifically for community financial institutions, Incent's youth digital banking solution provides the tools needed to teach kids responsible financial habits. The platform engages youth (ages 6–18) by combining financial education and gamification with hands-on real-life banking experiences focused on earning, saving, giving, spending and borrowing money. Incent seamlessly integrates with financial institutions' existing digital banking solutions, enabling banks and credit unions to engage younger customers while maintaining deposits within the institution. The parent or guardian retains full control of the account, ensuring a safe and educational digital banking experience. For additional information about Incent visit or connect with the company on LinkedIn.
Associated Press
09-04-2025
- Business
- Associated Press
Incent Launches CUSO with Pioneer FCU
PORTLAND, Ore.--(BUSINESS WIRE)--Apr 9, 2025-- Incent, a leading provider of youth digital banking solutions for banks and credit unions, launched today a Credit Union Service Organization (CUSO) to reinforce its mission to partner and collaborate with financial institutions to build the best-in-class youth engagement tools. Mountain Home, Idaho-based Pioneer Federal Credit Union (Pioneer, $712 million in assets, 49,000 members) invested to support the CUSO and drive the product roadmap. Through the Incent CUSO, Pioneer and other credit union investors will have a definitive voice in guiding and building a leading youth banking solution that educates, engages and fosters long-lasting relationships with younger consumers. 'Credit unions are uniquely positioned in their communities to provide services and guidance to our members, no matter their age. However, we need digital tools to meet consumer's evolving technology needs to build those relationships early in their financial journey,' stated Tracey Miller, EVP / VP of Operations at Pioneer. 'Pioneer is proud to support the Incent CUSO and its mission of building tools that attract the next generation of members.' As credit union members continue to age, attracting new, younger members is a growing priority. According to a recent study by CUNA, only 7% of credit union members fall within the 18-24 age range, compared to 18% of the total U.S. population. Incent's fully integrated, white-labeled solution helps credit unions grow their share of wallet by maintaining ownership of the relationship and seamlessly transitioning the child to an 'adult' account when the child turns 18. Additionally, the platform keeps deposits and interchange revenue within the credit union rather than diverting them to third-party fintech sponsor banks. 'Beyond delivering solutions that engage the families and drive financial wellness, Incent's priority is to empower financial institutions to strengthen relationships with the next generation of account holders,' said Marcell King, President and COO of Incent. 'Creating a CUSO reinforces Incent's commitment to partnering with progressive credit unions who want to redefine the future of banking, offering the ability for credit unions to provide their insight and knowledge to guide our services. With Pioneer's support, we can continue to develop solutions that provide a safe, educational, real-world banking experience for families across the country.' Miller added, 'A banking platform specifically designed for children and teens presents an opportunity to engage and educate younger members while building lifelong relationships and brand loyalty. Incent's platform offers inventive and fun ways to encourage saving, giving and fostering positive money management skills, while offering financial literacy tools to build a solid financial foundation for the future.' The investment by Pioneer and the CUSO framework enhances Incent's ability to evolve and expand the platform to meet the needs of financial institutions and families nationwide. To learn more about joining the CUSO, visit About Pioneer Federal Credit Union Pioneer Federal Credit Union is known for its commitment to the deep-rooted credit union philosophy of 'People Helping People.' Its commitment to improving the quality of life for its members and the people in the community dates back over seventy years. Pioneer goes there with innovative, substantive, and low-cost financial solutions by delivering financial rewards through a comprehensive line of products and services to complement any lifestyle and budget so its members get to where they need to be financially. About Incent Incent is the leading provider of B2B youth banking services for U.S. banks and credit unions. Designed specifically for community financial institutions, Incent's youth digital banking solution provides the tools needed to teach kids responsible financial habits. The platform engages youth (ages 3–18) by combining financial education and gamification with hands-on real-life banking experiences focused on earning, saving, giving, spending and borrowing money. Incent seamlessly integrates with financial institutions' existing digital banking solutions, enabling banks and credit unions to engage younger customers while maintaining deposits within the institution. The parent or guardian retains full control of the account, ensuring a safe and educational digital banking experience. Anna Stanley / Laura Lenz [email protected] / [email protected] 251.517.7857 / 678.781.7226 SOURCE: Incent Copyright Business Wire 2025. PUB: 04/09/2025 07:45 AM/DISC: 04/09/2025 07:46 AM
