Lumin Digital and Rego Payment Architectures, Inc. Announce Strategic Partnership to Offer Youth Banking Solutions to Financial Institutions
Lumin Digital and Rego Payment Architectures, Inc. (OTCQB: RPMT) have announced a strategic partnership to offer youth banking solutions to financial institutions. Lumin's network of banks and credit unions can now launch a parent-controlled, COPPA-compliant family digital wallet product using REGO's white-label platform. This partnership aims to provide innovative solutions for financial literacy, targeting Generations Z and Alpha (children aged 5-17).
The collaboration allows Lumin's clients to offer a secure youth banking experience designed to help children spend, save, donate, and invest under parental supervision. REGO's platform is certified to exceed the strictest state and federal child data privacy laws, including COPPA and GDPR compliance. This partnership addresses the growing need for financial literacy tools among younger generations and provides financial institutions with a strategic advantage in increasing deposits and customer loyalty.
Lumin Digital e Rego Payment Architectures, Inc. (OTCQB: RPMT) hanno annunciato una partnership strategica per offrire soluzioni bancarie giovanili alle istituzioni finanziarie. La rete di banche e cooperative di credito di Lumin può ora lanciare un prodotto di wallet digitale familiare controllato dai genitori e conforme al COPPA utilizzando la piattaforma white-label di REGO. Questa collaborazione mira a fornire soluzioni innovative per l'educazione finanziaria, rivolgendosi alle generazioni Z e Alpha (bambini dai 5 ai 17 anni).
La collaborazione consente ai clienti di Lumin di offrire un esperienza bancaria sicura per i giovani progettata per aiutare i bambini a spendere, risparmiare, donare e investire sotto la supervisione dei genitori. La piattaforma di REGO è certificata per superare le leggi statali e federali più rigorose sulla privacy dei dati infantili, inclusa la conformità al COPPA e al GDPR. Questa partnership risponde alla crescente esigenza di strumenti di educazione finanziaria tra le giovani generazioni e fornisce alle istituzioni finanziarie un vantaggio strategico nell'aumento dei depositi e nella fedeltà dei clienti.
Lumin Digital y Rego Payment Architectures, Inc. (OTCQB: RPMT) han anunciado una asociación estratégica para ofrecer soluciones bancarias para jóvenes a instituciones financieras. La red de bancos y cooperativas de crédito de Lumin puede ahora lanzar un producto de billetera digital familiar controlada por padres y compliant con COPPA utilizando la plataforma de marca blanca de REGO. Esta asociación tiene como objetivo proporcionar soluciones innovadoras para la educación financiera, enfocándose en las generaciones Z y Alpha (niños de 5 a 17 años).
La colaboración permite a los clientes de Lumin ofrecer una experiencia bancaria segura para jóvenes diseñada para ayudar a los niños a gastar, ahorrar, donar e invertir bajo la supervisión de los padres. La plataforma de REGO está certificada para exceder las leyes de privacidad de datos infantiles más estrictas a nivel estatal y federal, incluyendo el cumplimiento de COPPA y GDPR. Esta asociación aborda la creciente necesidad de herramientas de educación financiera entre las generaciones más jóvenes y proporciona a las instituciones financieras una ventaja estratégica para aumentar los depósitos y la lealtad del cliente.
루민 디지털과 레고 페이먼트 아키텍처(Inc. OTCQB: RPMT)는 금융 기관에 대한 청소년 은행 솔루션을 제공하기 위한 전략적 파트너십을 발표했습니다. 루민의 은행 및 신용 조합 네트워크는 이제 REGO의 화이트 라벨 플랫폼을 사용하여 부모 통제, COPPA 준수 가족 디지털 지갑 제품을 출시할 수 있습니다. 이 파트너십은 Z세대 및 알파세대(5-17세 어린이)를 대상으로 재정 교육을 위한 혁신적인 솔루션을 제공하는 것을 목표로 합니다.
협력은 루민의 고객이 어린이가 부모의 감독하에 지출, 저축, 기부 및 투자할 수 있도록 디자인된 안전한 청소년 은행 경험을 제공할 수 있게 합니다. REGO의 플랫폼은 COPPA 및 GDPR 준수를 포함하여 가장 엄격한 주 및 연방 아동 데이터 개인 정보 보호 법규를 초과하는 인증을 받았습니다. 이 파트너십은 젊은 세대 간 금융 교육 도구에 대한 증가하는 필요를 해결하고 금융 기관에 예금 증가 및 고객 충성도를 높이는 전략적 이점을 제공합니다.
Lumin Digital et Rego Payment Architectures, Inc. (OTCQB: RPMT) ont annoncé un partenariat stratégique pour offrir des solutions bancaires pour les jeunes aux institutions financières. Le réseau de banques et de coopératives de crédit de Lumin peut maintenant lancer un produit de portefeuille numérique familial contrôlé par les parents et conforme au COPPA en utilisant la plateforme blanche de REGO. Ce partenariat vise à fournir des solutions innovantes pour la littératie financière, ciblant les générations Z et Alpha (enfants âgés de 5 à 17 ans).
La collaboration permet aux clients de Lumin d'offrir une expérience bancaire sécurisée pour les jeunes conçue pour aider les enfants à dépenser, épargner, donner et investir sous la supervision des parents. La plateforme de REGO est certifiée pour dépasser les lois de confidentialité des données des enfants les plus strictes, y compris le respect du COPPA et du RGPD. Ce partenariat répond au besoin croissant d'outils de littératie financière parmi les jeunes générations et fournit aux institutions financières un avantage stratégique pour augmenter les dépôts et la fidélité des clients.
Lumin Digital und Rego Payment Architectures, Inc. (OTCQB: RPMT) haben eine strategische Partnerschaft bekannt gegeben, um Bankenlösungen für Jugendliche an Finanzinstitute anzubieten. Das Netzwerk von Banken und Kreditgenossenschaften von Lumin kann nun ein von Eltern kontrolliertes, COPPA-konformes Familien-Digital-Wallet-Produkt über die White-Label-Plattform von REGO einführen. Diese Partnerschaft zielt darauf ab, innovative Lösungen für finanzielle Bildung bereitzustellen, die sich an die Generationen Z und Alpha (Kinder im Alter von 5 bis 17 Jahren) richtet.
Die Zusammenarbeit ermöglicht es den Kunden von Lumin, eine sichere Bankingerfahrung für Jugendliche anzubieten, die darauf ausgelegt ist, Kindern zu helfen, unter elterlicher Aufsicht zu konsumieren, zu sparen, zu spenden und zu investieren. Die Plattform von REGO ist zertifiziert, um die strengsten staatlichen und bundesstaatlichen Datenschutzgesetze für Kinder zu übertreffen, einschließlich der Einhaltung von COPPA und GDPR. Diese Partnerschaft geht auf den wachsenden Bedarf an finanziellen Bildungstools für die jüngeren Generationen ein und bietet Finanzinstituten einen strategischen Vorteil bei der Erhöhung von Einlagen und Kundenloyalität.
- Strategic partnership to offer youth banking solutions to financial institutions
- Expansion of Lumin's product offerings to include REGO's white-label family wallet
- Potential for increased deposits and customer loyalty for banks and credit unions
- REGO's platform certified to exceed strict child data privacy laws (COPPA and GDPR compliant)
- None.
Parent-controlled, COPPA-compliant family digital wallet product now available to Lumin customers
"Lumin's partnership with REGO highlights our dedication to providing our financial institutional clients with innovative solutions that drive growth," said Sean Weadock, Chief Product Officer at Lumin. "We're confident that our banking clients will benefit from REGO's digital family wallet offering that helps parents teach their kids critical earning, spending, and saving skills."
Generations Z and Alpha (children between five and 17 years old) are becoming more financially active at an earlier age. As a result, parents seek effective financial literacy tools, and banks and credit unions have a significant strategic benefit in offering such products to increase deposits and loyalty. With REGO, Lumin can now offer its financial institution customers the ability to launch a secure youth banking experience designed to help them invest in their future.
"We are thrilled to partner with Lumin, who shares our desire to offer financial institutions the latest technology solutions," said Peter S. Pelullo, Chief Executive Officer at REGO. "Our platform, which is certified to exceed the strictest state and federal child data privacy laws, will provide peace of mind to both Lumin's financial institutions and families as they foster the next generation of savvy bankers."
REGO is the only white-labeled youth banking platform that is certified to exceed the child data privacy requirements of the federal Children's Online Privacy Protection Act, or COPPA.
About Lumin Digital
Lumin Digital is the leading, future-ready digital banking solution powering remarkable growth for financial institutions across
About REGO
Rego Payment Architectures, Inc. ("REGO") is a family digital wallet platform that empowers financial institutions to let their customer's children spend, save, donate and invest in a safe, parent-controlled environment. Founded in 2008, REGO is the only family digital wallet platform to be certified COPPA (Children's Online Privacy Protection Act) and third-party GDPR (General Data Privacy Regulation) compliant. REGO has also been awarded multiple patents related to the safety of parent and child data, including age verification of users. Built from the ground-up to protect the privacy of children's data, REGO offers financial literacy tools for parents to teach their kids to be smarter shoppers, savers, givers and investors. Financial institutions of all sizes can offer a family digital wallet product through REGO as a white-labeled stand-alone application or fully integrated into their existing app. For more information, please visit regopayments.com.
REGO Safe Harbor Statement:
The information in this press release may contain forward-looking statements on REGO's current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties, and assumptions about REGO that may cause the actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from REGO's expectations include, but are not limited to: REGO's ability to raise additional capital, the absence of any material operational history or revenue, REGO's ability to attract and retain qualified personnel, the ability to develop and introduce a new service and products to the market in a timely manner, market acceptance of REGO's services and products, REGO's limited experience in the industry, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant markets, unexpected network interruptions or security breaches, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other risks as described by REGO in Item 1.A "Risk Factors" in REGO's most recent Form 10-K; other risks to which REGO is subject; other factors beyond REGO's control.
All subsequent written and oral forward-looking statements attributable to REGO, or persons acting on REGO's behalf, are expressly qualified in their entirety by the foregoing. REGO has no obligation to and does not undertake to update, revise, or correct any of these forward-looking statements after the date of this report.
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SOURCE Lumin Digital
FAQ
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