MONETT, Mo., March 21, 2018 /PRNewswire/ -- Jack Henry
& Associates, Inc. (NASDAQ:JKHY) is a leading provider of
technology solutions and payment processing services primarily for
the financial services industry. Its Jack Henry
Banking® division today announced that
Beacon Community Bank has selected the SilverLake
System® for core processing, joining four other de novo
banks that selected Jack Henry Banking during 2017.
U.S. bank openings for 2017 more than doubled the number of new
banks opening between 2011 and 2016 combined. As these institutions
get their start, human capital is limited and early vendor
decisions are critical. Beacon Community Bank surveyed a number of
solution providers looking for a partner who could provide all of
the feature functionality, flexibility, and processing power that
the bank wanted without heavy third-party integrations.
Craig Johnson, chief operating
officer for the Charleston-based
de novo, said, "Jack Henry Banking offered the most complete suite
of offerings that met our bank's requirements for form and
functionality. The Jack Henry brand is regarded for bringing
superior products to market that are well integrated and that work
the way they should. That reputation, coupled with the highest
marks for service and customer support, demonstrates the blend of
culture and technology that we were seeking in a partner."
Beacon Community Bank, which opened in January, deployed the
SilverLake System in an outsourced environment via JHA OutLink
Processing Services™ (JHA OPS) and its entire IT infrastructure is
supported by Gladiator Hosted Network Solutions™, a secure cloud
computing environment for outsourcing all IT management and
maintenance. The bank is leveraging Jack Henry Banking to support
its digital initiatives as well.
Johnson noted that the combination of the Branch Anywhere™
enterprise mobility platform with Banno Mobile™ and NetTeller
Online Banking™ provides the type of mobility needed for both the
bank's customers and employees – to be banked or do banking
wherever and however it's preferred. "The bank market has been
heavily consolidated, which in turn has decreased customer service
levels. Bankers have allowed softer features to slip away – like
answering the phone with the knowledge of who is calling and some
insights into the banking relationship – but we're planning to
change that. We're going to do community banking right,
powered by the technology of today and the future."
Stacey Zengel, president of Jack
Henry Banking, added, "This past year marked an exciting turning
point for new bank activity. Jack Henry Banking is being trusted by
Beacon Community Bank and several of its peer de novos to give them
their start, and we do not take that lightly. We are enthusiastic
about the opportunity to partner with Beacon Community Bank and
other emerging institutions to provide them with the technology and
tools to grow and effectively serve their respective markets."
About Jack Henry Banking
Jack Henry Banking, a
division of Jack Henry & Associates, Inc., is a leading
provider of integrated computer systems for banks ranging from de
novo to multi-billion dollar institutions. Jack Henry Banking
currently serves approximately 1,100 banks as a single source for
integrated, enterprise-wide automation and as a single point of
contact and support. Additional information is available at
www.jackhenrybanking.com.
About Jack Henry & Associates, Inc.
Jack
Henry & Associates, Inc.® (NASDAQ:JKHY) is a leading
provider of technology solutions and payment processing services
primarily for the financial services industry. Its solutions serve
approximately 9,000 customers nationwide, and are marketed and
supported through three primary brands. Jack Henry
Banking® supports banks ranging from community banks
to multi-billion dollar institutions with information processing
solutions. Symitar® is a leading provider of
information processing solutions for credit unions of all
sizes. ProfitStars® provides highly
specialized products and services that enable financial
institutions of every asset size and charter, and diverse corporate
entities to mitigate and control risks, optimize revenue and growth
opportunities, and contain costs. Additional information is
available at www.jackhenry.com.
Statements made in this news release that are not historical
facts are forward-looking information. Actual results may
differ materially from those projected in any forward-looking
information. Specifically, there are a number of important
factors that could cause actual results to differ materially from
those anticipated by any forward-looking information.
Additional information on these and other factors, which could
affect the Company's financial results, are included in its
Securities and Exchange Commission (SEC) filings on Form 10-K, and
potential investors should review these statements. Finally,
there may be other factors not mentioned above or included in the
Company's SEC filings that may cause actual results to differ
materially from any forward-looking information.
JKHY-BA
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SOURCE Jack Henry & Associates, Inc.