At Grasshopper, we are committed to delivering innovative solutions that empower businesses to thrive. Our teams have been hard at work enhancing our platform, integrating new technologies, and refining features to ensure we meet our clients’ evolving needs. In this update, you’ll find details about our latest marketplace partnerships, key technology enhancements, and how we’re continuing to strengthen security, efficiency, and the client experience.
Product & Technology Updates
- FedNow Service: In partnership with Narmi, we officially went live on the Federal Reserve’s new instant payment rail, the FedNow Service, enabling our clients to receive payments in real-time and marking the first step in our instant payments strategy. Currently available to our On-Core fintech clients, we will be expanding receive capabilities for For the Benefit Of (FBO) accounts and rolling out the ability to send money instantly via the FedNow Service to all clients in the coming months.
- Transaction Monitoring: We integrated Alloy’s real-time transaction monitoring into our Business Banking platform to enhance our risk mitigation strategies by providing an additional layer of fraud prevention at the transaction level, allowing us to detect and prevent suspicious activity more effectively and ensure that we maintain the top-notch security that our clients expect.
- Commercial Banking App: We released an updated version of our Commercial Banking app for both iOS and Android devices, which included several enhancements such as smoother check processing, Positive Pay functionality, and easier navigation.
- Account Management: Now, small business and startup clients can manage all of their banking across multiple business entities with one login, simplifying financial operations.
Partnership & Marketplace Updates
- Gusto – To help small businesses and startups streamline their operations, we partnered with Gusto, an industry-leading HR platform, allowing clients to automate their payroll, stay compliant, and focus on growing their business without the hassle of managing HR tasks manually. Through this partnership, Grasshopper clients get two months of free payroll, plus an integrated HR solution.
- Payvus – We partnered with Payvus, a credit card and capital platform, to help make credit more accessible for small business owners without personal risk so they start building business credit and increase their buying power.
Thank you for taking the time to explore our latest product and technology update. As we continue to innovate and refine our offerings, we invite you to stay connected with us. Sign up for our quarterly newsletter to receive exclusive updates directly in your inbox or check back regularly for new announcements. We’re committed to delivering cutting-edge solutions that help our clients stay ahead of the curve, and we look forward to sharing even more exciting announcements and resources with you next quarter!
By Luther Liang in Product/Technology Update
