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Jack Henry (JKHY) & Moov Level the Playing Field for US Community Banks in SMB Fintech In the US, small and medium-sized businesses (SMBs) are about to get a banking shake-up. Jack Henry's strategic partnership with Moov isn't just another fintech collaboration—it's a potential game-changer for community banks. By offering a cloud-native, API-first payments solution, they're directly addressing SMB pain points and giving smaller institutions a powerful tool to compete with larger banks and entrenched fintechs. Why this matters: > Community Banks Fight Back: This isn't just about helping SMBs, it's about levelling the playing field. With 78% of financial institutions looking to expand SMB services, this partnership equips community banks with the modern tech they need to attract and retain valuable SMB clients. > SMBs Get More Choice: Tired of the one-size-fits-all approach of big banks? SMBs now have a compelling reason to consider smaller, regional banks that offer the same cutting-edge payment solutions they're used to. > Challenger Banks Get a Boost: This tech could be a stepping stone for challenger banks. They can leverage it early on and then, as they grow, transition to more complex, proprietary solutions. > Watch this Space: This move highlights the ripe opportunity in US SMB banking. We can expect increased interest in technologies that empower smaller banks and give SMBs more choice and control over their finances. Key takeaway: This collaboration is a banking innovation that could ripple through the entire US SMB financial landscape. It's about empowering the underdogs, giving SMBs more options, and fostering healthy competition. We're likely to see more moves like this, as smaller institutions and challenger banks fight for their share of the lucrative SMB market. #Fintech #SMB #CommunityBanks #ChallengerBanks #Payments #VC #USA #BankingInnovation