MONETT, Mo., Sept. 20, 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 announced today that
Glenwood State Bank has expanded
their relationship with Jack Henry
& Associates, selecting the SilverLake System® to
support their strategic growth goals with added efficiencies, high
levels of integration, and advanced digital capabilities.
Glenwood State Bank is based in
Glenwood, Minnesota and has
$289 million in assets. When the
executive management of the bank decided it was time for a core
system evaluation, the bank recognized the need for a partner that
was mobile-focused, sustainable, and committed to research and
development. Glenwood State Bank
already leveraged Banno Mobile™, and that positive experience with
Jack Henry & Associates,
combined with the company's strong reputation and business
longevity, prompted the bank to select the SilverLake System. The
core platform's added efficiencies and advanced integration
capabilities will allow the bank to provide a better experience for
both employees and customers.
Peter Nelson, president of
Glenwood State Bank, stated, "Our
bank is committed to making choices that will position us to
succeed for years down the road. The SilverLake System's openness
and flexibility will allow us to continually improve the ways we
connect with customers. At the same time, the system can reduce a
lot of our previously manual tasks and provide new levels of
efficiency that enable growth and a competitive stance. Our
agreement with Jack Henry &
Associates is a true partnership; they prioritize open
communication and value our opinion, which is evident in the
service we receive."
Glenwood State Bank is also
moving to Banno Online™ as part of their partnership expansion with
Jack Henry & Associates. By
selecting Jack Henry &
Associates for both their core system and digital channels, the
bank will enjoy tighter integration that will enhance their overall
digital strategy. Nelson continued, "Banno Mobile has allowed us to
more seamlessly serve and engage with customers via the mobile
channel, and we look forward to extending that exceptional service
online. With Banno, we can provide the experience that customers
today expect, which made switching to Jack
Henry & Associates for our full digital suite an easy
decision."
The bank chose to leverage jhaEnterprise
Workflow™, an automation tool for multi-step business
processes, to establish best practices across the institution and
boost efficiencies. With this tool, the bank expects to deliver a
more consistent experience for both customers and employees. By
eliminating time-consuming, redundant manual tasks, the bank will
be able to improve staff productivity and reduce operational
costs.
Stacey Zengel, president of Jack
Henry Banking, added, "Digital capabilities are a key
differentiator for community banks, and Glenwood State Bank's decision to rely on
Jack Henry & Associates will
allow them to better serve customers and set themselves apart.
Their advancements will provide newfound efficiencies and the
flexibility required to quickly respond to market changes."
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
more than 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.