Fintechs Unite to Tackle Banking's $124 Trillion Inheritance Problem

NEWARK, Del. – May 04, 2026 – As the financial industry braces for the largest generational wealth transfer in history, a new partnership aims to equip banks and credit unions with the tools to navigate this seismic shift. Prismm, an estate orchestration platform, announced it has joined the Jack Henry™ Fintech Integration Network (FIN), a move designed to embed its inheritance infrastructure directly into the core of community banking.

The integration will connect Prismm Anchor™ with Jack Henry's widely used core banking systems—including SilverLake®, CIF 20/20®, Core Director®, and Symitar®—streamlining a process that has long been a source of operational friction and significant financial risk for institutions of all sizes.

The Trillion-Dollar Ticking Clock

The scale of the impending wealth transfer is staggering. Recent projections estimate that nearly $124 trillion in assets will move between generations in the United States through 2048, with the vast majority flowing from Baby Boomers and older generations to their heirs. For the financial institutions that currently hold these assets, this event represents both a monumental opportunity and a critical threat.

Historically, banks have struggled to retain assets following the death of a client. Research from firms like Accenture has shown that wealth managers anticipate losing nearly a third of their assets under management during intergenerational transfers. Heirs, who often have no existing relationship with their parents' financial institution, frequently move inherited funds to an advisor or bank of their own choosing within a year or two.

This “re-underwriting” of wealth is driven by a new generation of clients with different expectations. They demand more digital engagement, greater transparency, and a more empathetic customer experience, especially during sensitive life events. The traditional, often paper-intensive and bureaucratic process of estate settlement fails to meet these expectations, creating a poor first impression and accelerating deposit flight.

A New Infrastructure for Inheritance

Prismm aims to solve this problem by providing what it calls “estate orchestration infrastructure.” The platform is designed to transform the chaotic and often painful process of asset transfer into a structured, efficient, and digitally-guided experience. By integrating with a bank's systems, Prismm helps organize assets, prepare beneficiaries, and streamline the transfer process upon death or incapacitation.

By joining Jack Henry’s FIN, Prismm can now integrate more deeply into the systems that banks and credit unions rely on daily. The connection is made possible through Jack Henry’s services-based programming interfaces, jXchange™ and SymXchange™, which are designed to allow third-party fintechs to securely access core data and business rules.

The goal is to create a seamless experience that benefits all parties. For the bank, it helps retain deposits that might otherwise walk out the door. For the next generation of clients, it simplifies a complex process during a difficult time, building a foundation of trust. For the account holder, it provides peace of mind that their financial legacy will be handled smoothly.

“As financial institutions look for new ways to retain deposits and support clients through generational wealth transfer, there is a growing need for infrastructure that brings organization and clarity to that process,” said Martha Underwood, Founder and CEO of Prismm, in a statement. “Becoming part of Jack Henry’s FIN allows us to integrate more seamlessly into the systems institutions already rely on, making it easier to deliver a more efficient, connected experience for both account holders and their beneficiaries.”

The Power of the Open Ecosystem

This partnership is also a testament to Jack Henry's broader strategy. The company, an S&P 500 firm serving approximately 7,400 financial institutions, has increasingly focused on building a vibrant and open ecosystem. The Fintech Integration Network is the centerpiece of this strategy, designed to empower its clients by giving them access to a curated selection of innovative, specialized solutions.

Instead of attempting to build every conceivable feature internally, Jack Henry is positioning itself as a platform that allows banks and credit unions to plug in best-in-class tools like Prismm. The FIN program facilitates this by providing fintechs with direct access to technical resources and test systems, removing the financial institution from the often complex and costly integration process.

This open approach allows community banks and credit unions to innovate more rapidly, adopt modern capabilities, and strategically differentiate themselves in a competitive market. By extending the functionality of their core systems, they can better serve the evolving needs of their customers without undertaking massive, multi-year custom development projects. It is important to note, as the company points out, that inclusion in the FIN program is not an endorsement of a fintech's product but rather a technical enablement.

From Paperwork to Peace of Mind

The human element of estate settlement is often overlooked in financial technology. For beneficiaries, settling a loved one's estate is an emotionally charged journey fraught with confusing paperwork, legal hurdles, and bureaucratic delays. A negative experience with a financial institution during this time can permanently damage a relationship, not just with the individual but with their entire family network.

By automating and simplifying the transfer of assets, integrated solutions like the one offered by Prismm and Jack Henry aim to reduce this emotional and administrative burden. The platform's ability to securely manage data exchange through governed service layers ensures that sensitive information is handled with the integrity required by regulations like the Gramm-Leach-Bliley Act (GLBA). This focus on a controlled, efficient transition helps position the financial institution as a trusted partner across generations.

As the great wealth transfer continues to accelerate, the ability to manage life’s most difficult transitions with empathy and efficiency will become a key differentiator. The financial institutions that successfully bridge the gap between generations will not only protect their deposit base but also secure their relevance for decades to come.