Washington Trust Bank signs for Jack Henry Silverlake

Source: Jack Henry

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 Washington Trust Bank has selected its SilverLake System® core processing platform to provide enterprise-wide automation. This Washington state-based bank, which has more than $4.3 billion in assets, will install SilverLake in-house.

According to Jim Brockett, CIO of Washington Trust Bank and a former banking industry consultant, "Technology is a critical component of a bank's ability to optimize its business strategy and realize its performance and efficiency goals. Our ability to provide highly competitive financial products, the self-service banking channels today's convenience-driven consumers demand, and the services levels our customers expect and deserve depend on having leading-edge business and banking tools at our fingertips. SilverLake, the extensive array of integrated complementary solutions that Jack Henry Banking provides, and the scalable IBM® Power System™ hardware platform provide the deep functionality we need today and the operating flexibility to evolve with us long-term."

According to Stan Viner, general manager of sales for Jack Henry Banking, "Our experience as the primary technology partner with more than 20 percent of mid-tier banks clearly qualifies us to support the technology requirements of this progressive, growth-focused bank. SilverLake provides the highly customizable, deep core functionality that Washington Trust Bank can augment with more than 140 integrated complementary solutions. We back our technology platforms with a company-wide commitment to provide service levels that exceed our clients' expectations. Our technology platforms also benefit from client-driven enhancements, the regular introduction of new complementary solutions, and the integration of practical new technologies. We welcome the opportunity to provide Washington Trust Bank with the technology it needs to respond to evolving business strategies, new growth opportunities, industry trends, and dyand dynamic customer and market needs."

In addition to SilverLake, Washington Trust Bank will initially implement an array of Jack Henry Banking's complementary solutions including ArgoKeys® DepositKeys™; Synapsys® sales, marketing, and customer service solution; Vertex Teller Automation System™; NetTeller Online Banking™; NetTeller Cash Management™; iPay Consumer Online Bill Pay™; the iPay Biz 2.0™ small business online bill payment suite; the Opening Act™ online deposit and loan account opening solution; OurCashFlow™ online financial management (OFM); goDough® mobile banking; Electronic Statements−Interactive™; components of the Synergy™ Enterprise Content Management (ECM) solution, jhaKnow™ data warehousing, analysis, and reporting; Cognos 10™ business intelligence and enterprise reporting; the Relationship 360™ rewards and loyalty solution; components of the jhaPassPort™ ATM and debit card transaction processing platform; the complete suite of Yellow Hammer fraud detection and prevention solutions, and the jhaCall Center™ telephone support and customer service solution.

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