Rego Payment Architectures, Inc. Reflects on a Year of Remarkable Momentum

After a year of empowering financial institutions with technology to grow deposits and increase loyalty, the company celebrates a year of growth, partnerships and innovation

BLUE BELL, Pa., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Rego Payment Architectures, Inc. (“REGO”), the leading white-label family digital wallet platform provider for financial institutions, today celebrates a year of significant growth, impactful partnerships, and groundbreaking innovation.

In 2023, REGO witnessed tremendous progress in validating REGO’s solution as the top choice for youth banking solution for banks and credit unions of all sizes, from $300M to over $300B in assets. Growing deposits and retaining customers continue to be their top priorities as they face challenges from fintechs and neobanks. “REGO is the only solution on the market that allows financial institutions to launch a youth banking product that exclusively promotes their brand, integrates with existing systems, utilizes their BIN, and keeps the deposits on their balance sheets,” said Peter S. Pelullo, CEO at REGO. “Most importantly, banks can assure their families are kept safe as REGO’s platform is the only certified COPPA compliant offering that exceeds state and federal child data privacy regulations.”

Other pivotal milestones for REGO this year include:

• Launched integration with Q2's Digital Banking Platform, enhancing accessibility and expanding the reach of its innovative financial management tools to a broader audience.
• Testified to the U.S. House of Representative’s Energy and Commerce Committee for the need for stronger child financial transaction data privacy laws, a testament to the company's leadership in the industry.
• Released The Rise of Family Digital Wallets report in partnership with Cornerstone, revealing an untapped youth market for banks and credit union and indicating the potential for expanding financial services aimed at younger demographics.
• Obtained COPPA and GDPRkidsPrivacy Assured Shield Child Safety certifications, solidifying the company's commitment to ensuring the utmost safety and security in managing family finances.
• Entered into an exclusive 3-year agreement with ENACOMM to advance the efficiency and security of the company's financial services, establishing them as the company's chosen data integration platform.
• Introduced fractional stock investment capabilities to its platform, providing families with the opportunity to explore diverse investment avenues for their financial growth and education.

“Reflecting on the past year, we're proud of the milestones achieved and the strategic alliances forged in our mission to empower families in their financial journeys,” said Pelullo. “We look forward to the new year, where we will continue the expansion of our platform to financial institutions of all sizes and integrate with more strategic partners.”