Jack Henry & Associates, Inc. (JKHY) provides computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Jack Henry’s services are delivered through three business units: Symitar, ProfitStars and Jack Henry Banking. Jack Henry Banking provides integrated, enterprise-wide automation that banks need to execute their business strategies; support their growth, service, operational, and performance goals; and capitalize on the evolving trends shaping the financial services industry.
Jack Henry announced that Farm Credit Bank of Texas has selected Jack Henry Banking’s SilverLake core processing system to provide enterprise-wide automation. Farm Credit Bank, headquartered in Austin, Texas, provides funds and services to 20 rural lending cooperatives in Alabama, Louisiana, Mississippi, New Mexico and Texas. The bank, which has more than $14.2 billion in assets, will implement SilverLake in-house.
SilverLake provides automation designed for commercially focused banks ranging from de novo to multi-billion dollar, mid-tier institutions. Banks also have the option to fully customize the system to support their unique operational requirements. Farm Credit Bank, in addition to SilverLake, will initially implement an array of Jack Henry Banking’s complementary solutions including Vertex Teller Automation System™, jhaKnow business intelligence and analysis platform, Cognos 8 BI™ report generation solution, and the modular Synergy™ Enterprise Content management (ECM) solution.
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