MONETT, Mo. – Jack Henry & Associates is reporting 32 banks and 19 credit unions chose to move from competitive platforms to its core platforms during the fiscal year 2019, ended June 30. The established community financial institutions range in size from $64 million to $9.6 billion in assets; six de novo banks also selected Jack Henry as their core platform provider, the company said.
Among those making the move was Tennessee-based Ascend Federal Credit Union, which selected the Symitar Episys platform to "create a stronger member experience and drive innovation," the company said. "The $2.5 billion-asset credit union sought to provide members the same type of service and convenience they know from online retail providers. This required a depth of functionality as well as the ability to integrate seamlessly with third parties. Jack Henry believes in always making it easy for their clients to use whichever technology provider they feel is the best to solve their unique business case. They are also willing to facilitate real-time connectivity that optimizes the user experience."
"This is an exciting time in banking; the industry is open to more collaboration and advanced technologies, while renewing its focus on user centricity. The record number of financial institutions we’ve added in this fiscal year is a testament to Jack Henry’s culture, service and technology," said David Foss, president and CEO of Jack Henry & Associates. “We are committed to partnering with these regional and community financial institutions to help them compete with technology that is efficient, scalable and built to last.”