Rego Payment Architectures announced that Cornerstone Community Financial Credit Union has launched its GenGrow Family Wallet, a youth banking platform built on Rego’s Mazoola technology. The new offering targets children aged five to 17, a demographic that controls an estimated $360 billion in spending power, and is fully integrated into Cornerstone’s existing digital banking platform.
Rego’s Mazoola platform delivers COPPA‑ and GDPR‑compliant child data privacy, hierarchical parental controls, and transaction misattribution technology. The white‑label solution allows the credit union to offer a compliant, child‑friendly banking experience without building its own infrastructure.
The partnership represents a significant customer win for Rego, expanding its reach into the U.S. credit union market and underscoring the growing demand for regulated youth banking products. The deal positions Rego to capture a share of the estimated 50 million U.S. children under 13 who require compliant financial services.
Rego’s historical financials show that the company has reported $0 million in revenue and a net loss of $11.6 million for the fiscal year ending March 31 2025, with approximately $1.6 million in cash. The launch signals a potential revenue stream for the company, but it also highlights the need for additional financing to support its growth strategy.
Peter S. Pelullo, Chief Executive Officer at Rego, said, “Cornerstone Community Financial Credit Union shares our belief that financial education should begin early and within a trusted environment. By launching the GenGrow Family Wallet, Cornerstone is equipping families with a digital experience that supports lifelong financial habits, all within the credit union’s existing platform.”
Steve Flores, Chief Innovation Officer at Cornerstone Community Financial Credit Union, added, “Our mission has always been centered on supporting our members and their families at every stage of life. With the GenGrow Family Wallet, we are extending that commitment to younger members, giving parents the tools to guide their children’s financial development in a safe and meaningful way.”
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.