Jack Henry & Associates (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that First Hope Bank has selected Jack Henry Banking's SilverLake System to provide enterprise-wide automation.
This New Jersey-based bank, which has more than $400 million in assets, has completed the in-house installation of SilverLake.
According to Norman Beatty, chairman, CEO, and president of First Hope Bank, "After using our current in-house system for about 20 years we made the strategic decision to move to a more feature-rich core solution that will enable us to improve enterprise-wide operations and efficiency. Our evaluation process fully convinced us that SilverLake is the system most compatible with our operating requirements and business strategy. Our decision to establish a long-term technology partnership with Jack Henry Banking was primarily based on our common service cultures, its proven change management process, SilverLake's functionality and extensive customization capabilities, and the solid integration of key complementary products and services. The satisfaction level among recently converted and long-time users validated our decision and further convinced us that SilverLake is the system that will support our evolving requirements. We are excited about our move to SilverLake and about the ability to drive our financial products and services with this sophisticated technology platform."
Tony Wormington, president of Jack Henry & Associates, said, "A fundamental tenet of our success is the ability to provide the business tools banks need to attract and support today's convenience-driven consumers, to continually improve bank performance, and to successfully compete in today's dynamic business environment. We are confident that SilverLake provides the functionality and flexibility that First Hope Bank expects to gain with a new core system, and we welcome the addition of this bank to our client roster."
In addition to SilverLake, First Hope Bank initially implemented an array of Jack Henry Banking's complementary solutions including StreamLine Platform Automation® - Deposits, Vertex Teller Automation SystemTM, NetTeller ller Online BankingTM, NetTeller Cash ManagementTM, NetTeller Bill Pay electronic bill payment solution, Opening Act online account opening solution, DirectLineTM OFX Internet banking solution for PC-based financial management systems, goDough® mobile banking solution, InTouch Voice Response® telephone banking solution, Cognos 8 BITM business intelligence and enterprise reporting solution, Remote Deposit Capture, Dep@sitTM micro business capture solution, 4|sightTM Item Imaging, components of the modular SynergyTM Enterprise Content Management (ECM) solution, the Yellow HammerTM fraud detection and prevention solution suite, and the jXchangeTM utility for open connectivity between core, complementary, and third-party products.