MONETT, Mo., April 17, 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 ProfitStars®
division announced today that The Victory Bank has selected its
Commercial Lending Center Suite™ to elevate the borrower experience
and support additional commercial loan growth.
Limerick, Pennsylvania-based
The Victory Bank specializes in commercial lending and has a
well-established regional footprint. The bank has $220 million in assets and wanted to bring in
technology that would better support the work of its talented loan
team to continue growing the business at a strong pace. With
Commercial Lending Center Suite, The Victory Bank is adopting a
digital lending platform that will allow them to more seamlessly
manage borrower relationships from one loan experience to the
next.
Commercial Lending Center Suite permits interested borrowers to
easily request loans online, bridging the gap between client
expectations and normal banking hours. The technology allows
borrowers and financial institutions to more conveniently interact
and securely exchange information.
Saul Rivkin, senior vice
president and director of institutional relationships for The
Victory Bank, stated, "New disruptors are entering the lending
space; however, these organizations lack the experience and trust
found within traditional financial institutions. At The Victory
Bank, delivering exceptional customer service is our number one
priority, which is why we're partnering with ProfitStars to
digitize the commercial lending process and improve how borrowers
interact with us. With Commercial Lending Center Suite, we will be
able to provide the speed and advanced technology required to meet
borrowers' expectations."
With Commercial Lending Center Suite, The Victory Bank will
benefit from all-digital loan origination, decisioning, and
portfolio management workflows that save time, improve accuracy,
and boost efficiencies in the commercial lending process. Because
the platform removes data from silos and houses it in one central
location, bankers are armed with a more comprehensive view of
individual borrower relationships as well the institution's entire
lending portfolio. This transparency will enable more open internal
collaboration between members of The Victory Bank's lending
team.
Russ Bernthal, president of
ProfitStars, added, "Too often today, we see financial institutions
that have cobbled together certain pieces and parts necessary to
facilitate commercial loans. This creates disparate databases,
which are detrimental to operational efficiency and the borrower
experience. The Victory Bank understands the importance of a
platform approach to commercial lending, one that puts the borrower
experience first. By leveraging Commercial Lending Center Suite,
The Victory Bank is combining proven banking principles with
advanced technology to bring speed and convenience to the borrower,
while simultaneously introducing newfound efficiency and
transparency to its back office."
About ProfitStars
ProfitStars®, a division of Jack Henry & Associates, Inc.®,
helps financial institutions of every asset size and charter, and
diverse corporate entities, proactively identify and prepare for
risks and market changes that could negatively impact their
business. ProfitStars' industry-leading solutions and services
include JHA Payment SolutionsTM, Information Security
& Risk Management, Online & Mobile, Lending, Financial
Performance, and Imaging/Data Management. These solutions help
approximately 8,000 clients mitigate and control risks, optimize
revenue and growth opportunities, contain costs, and drive future
success. Additional information is available at
www.profitstars.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.
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SOURCE Jack Henry &
Associates, Inc.