Social Money, the West Des Moines-based company behind SmartyPig, today announced that it has reached an agreement with an Iowa-based bank for its first rollout of a new “bank in a box” core processing system for smaller financial institutions. Cedar Falls-based Lincoln Savings Bank, a 17-branch community bank, will begin offering a branded digital banking solution this spring that will use Social Money’s CorePro core processing platform. CorePro can be utilized for saving, certificate of deposit or checking accounts. Social Money CEO Scott McCormack said his company developed the operating system because the cost of typical core processing systems made it nearly impossible for them to compete for young or low-balance account holders. The cost of offering the system is about 15 percent of so-called legacy core processing or bank-level alternatives, McCormack said.  To read a recent Business Record profile of Lincoln Savings Bank, click here.