Latest news with #PeteMajor
Business Wire
7 days ago
- Business
- Business Wire
MDT and InvestiFi Partner, Enabling Credit Unions to Offer Modern Digital Investing Capabilities
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)-- MDT, a CUSO that helps credit unions navigate complex financial technology ecosystems, today announced its partnership with InvestiFi, a digital investing provider that enables account holders to buy and sell stocks, ETFs and cryptocurrency directly from their checking accounts. This partnership enables MDT's credit union community to offer easy, intuitive investing tools to members from within their online banking journeys, creating stickier member relationships and driving growth. 'Through our partnership, we are equipping our credit union community with next-generation tools to grow, compete and deliver more value to their members," said Pete Major, VP of Fintech Solutions at MDT. Share InvestiFi eliminates the need to transfer funds to external parties to invest, enabling financial institutions to retain more assets while attracting new account holders. Through InvestiFi's exclusive funds flow and user-friendly interface, MDT's credit union clients can now seamlessly and securely embed investing into their existing online banking experience, providing members with the tools needed to navigate financial markets with confidence and ease. 'MDT has a proven track record of connecting credit unions with the innovative solutions they need to compete and thrive,' said Kian Sarreshteh, CEO and Founder at InvestiFi. 'With our leading Investing from Checking solution, MDT's impressive credit union network can now tap into new sources of non-interest income, helping accelerate deposit growth and elevate digital engagement in a meaningful way.' 'In today's battle for deposits and a leading digital presence, InvestiFi is enabling community institutions to not only retain deposits but attract new ones – and we are proud to support this critical mission,' said Pete Major, VP of Fintech Solutions at MDT. 'Through our partnership, we are equipping our credit union community with next-generation tools to grow, compete and deliver more value to their members. This partnership is another example of how we are helping credit unions navigate the increasingly complex fintech landscape.' 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. About InvestiFi InvestiFi, Inc. is the only InvestTech Platform designed to allow for trading to and from deposit accounts, enabling credit unions and community banks to retain more assets and attract new account holders. Through its exclusive funds flow and user-friendly interface, InvestiFi empowers every credit union and community bank to provide their account holders with the ability to navigate the complexities of financial markets with ease from within their current online banking experience. At the heart of InvestiFi's mission is the goal of democratizing investing and supporting community financial institutions, ensuring that wealth-building opportunities are accessible to everyone.
Business Wire
03-06-2025
- 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.
Yahoo
03-06-2025
- 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
