REGO partners with Aambé Financial to bring banking tools to tribes

BLUE BELL, Pa. - Rego Payment Architectures, Inc. (OTCQB:RPMT), a $60.6 million market cap fintech company currently trading at $0.44 per share, announced Wednesday a strategic partnership with Aambé Financial to provide family banking solutions to tribal nations across the United States. According to InvestingPro analysis, the stock has shown significant price volatility, currently trading 62% below its 52-week high of $1.15.

The collaboration will initially focus on introducing REGO’s youth banking product to tribal communities, allowing children to earn, save, spend, and give money with parental oversight. The platform is certified as COPPA-compliant, making it suitable for minors.

Future phases will expand to include REGO’s senior financial management and fractional investing modules designed to support caregivers, elders, and first-time investors.

"We believe banking should serve the entire family, including children, elders, and everyone in between," said Peter S. Pelullo, CEO of REGO, according to the company’s press release.

Ron Spoerl, President and CEO of Aambé Financial, described the partnership as "more than a technology solution" but "a step toward generational transformation."

REGO, which describes itself as a white-label family financial lifecycle platform, provides financial institutions with tools to offer youth banking and senior financial management services under their own brands.

The partnership aims to help tribal communities build wealth across generations and manage family finances more effectively.

This announcement represents REGO’s expansion beyond traditional financial institutions as it seeks to broaden its market reach, according to the press release statement. Investors interested in deeper analysis can access additional insights and 7 more exclusive ProTips through InvestingPro, including detailed financial metrics and growth potential indicators.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.