Vyrdia, BankSocial Partner on Wealth, Payments And AI Fraud Tools
By CU Today Staff —
DALLAS—Vyrdia and BankSocial have entered into a referral agreement that will give credit unions using Vyrdia’s technology access to embedded investing, real-time payments and artificial intelligence-based fraud tools within their digital banking platforms.
Under the agreement, Vyrdia clients will be able to offer BankSocial’s Prospera platform for fractional stocks, ETFs, IRAs and digital assets; Remint for payments across FedNow, RTP and stable-value settlement channels; and Secura and Substrate for transaction monitoring, fraud prevention and AI applications. The companies said the arrangement is intended to simplify onboarding and integration without requiring credit unions to change core platforms.
"Financial Institutions don't need more standalone tools, they need unified, institutional-grade solutions that build member value inside the channels members already trust," said John Wingate, CEO of BankSocial. "Partnering with Vyrdia allows us to bring our entire product suite directly to forward-thinking credit union leaders, empowering them to offer modern wealth building, real-time payments, and AI security without losing ownership of the member relationship."
"Partnering with BankSocial allows us to further empower credit unions with the modern, integrated solutions they need to accelerate their digital modernization," said Steven Anderson, CEO of Vyrdia. "By bringing embedded wealth management, instant payments, and AI-driven security directly into our ecosystem, we are giving financial institutions the tools to deliver exceptional member experiences without the friction of legacy systems."
Originally reported by CU Today.