Greenpenny calls in Jack Henry to automate clean energy transition
Jack Henry™ (Nasdaq: JKHY) announced today that greenpenny has selected Jack Henry to empower its mission of facilitating the green energy transition in the Midwest.
Greenpenny is a virtual bank focused on sustainable energy lending and powered by Decorah Bank & Trust Co., an employee and family-owned bank located in Decorah, Iowa, with a long history of financing renewable energy projects. Launched in 2021, greenpenny offers consumers and businesses a full suite of banking products and dedicates its deposits to financing renewable energy and/or carbon-reducing projects. In only two years, the bank financed approximately 1,100 solar projects offsetting just under 33,000 tons of CO2 annually.
Greenpenny chose Jack Henry to increase automation and boost efficiencies, enabling employees to spend more time with customers, delivering a high-touch, personalized experience using digital channels. With Jack Henry, the bank will gain access to an open and comprehensive technology suite, including core processing, real-time payments, bill payment capabilities, fraud detection and more, which will help power growth beyond its current footprint.
Jason MacDuff, president at greenpenny, said, “At greenpenny, our aim is to inspire the use of clean energy regionally and nationally, and teach consumers that where they keep their money matters. Our focus on renewable energy has enabled us to grow significantly over the last couple of years and our customers expect a modern and frictionless virtual banking experience. Jack Henry’s open and flexible technology will help us meet customers’ demands and further automate processes, enabling us to scale while continuing to deliver community bank customer service.”
Stacey Zengel, senior vice president of Jack Henry and president of Bank Solutions, said, “Jack Henry’s open, modern infrastructure enables niche banks like greenpenny to develop what they need for highly specialized communities. We are proud to help them achieve this vision with a digital-first community and scale that brings convenience to financing and a deeper sense of purpose to banking relationships.”