Jack Henry & Associates, Inc. (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 Bank of the Sierra has selected its SilverLake System core processing platform to provide enterprise-wide automation.
This California-based bank, which has more than $1.4 billion in assets, will implement SilverLake through Jack Henry Banking's outsourced offering.
According to Jim Holly, president and CEO of Bank of the Sierra, "We believe technology is a key component in our ability to meet our performance and growth goals. Based on our need for a best-in-class technology platform, we launched a due diligence process that lasted a year-and-a-half and included the primary technology providers serving the banking industry.
Our thorough evaluation convinced us that SilverLake and its broad array of complementary solutions best met our functional requirements and that Jack Henry Banking's proven service culture will meet the expectations we have for our primary technology partner. We are excited about the enterprise-wide benefits SilverLake will deliver including the material efficiency improvements we can only realize with a fully integrated technology platform and our ability to support virtually unlimited growth. Jack Henry Banking clearly wants to be an engaged, responsive, long-term business partner with Bank of the Sierra."
Stan Viner, general manager of sales for Jack Henry Banking, said, "Our experience serving as the primary technology partner with more than 20 percent of mid-tier banks demonstrates that we can support the evolving technology requirements of progressive, growth-focused banks like Bank of the Sierra. We welcome the opportunity to establish a true technology partnership with this top performing bank that is highly regarded in the communities it serves and to delivering a highly customized technology solution that incorporates SilverLake's deep core functionality, our fully integrated complementary solutions, and our company-wide commitment to exceed our clients' service-related expectations. We are confident a SilverLake-based platform will seamlessly support this progressive bank's evolving business strategies, growth opportunities,s, and dynamic customer and market needs."
In addition to SilverLake, Bank of the Sierra will initially implement an array of Jack Henry Banking's complementary solutions including ArgoKeys DepositKeys account opening and administration; Vertex Teller Automation System; Vertex Teller Capture; NetTellerOnline Banking; iPay Consumer Online Bill Pay; the iPay Biz 2.0 small business online bill payment suite; goDough mobile banking; OurCashFlow online financial management (OFM); Opening Act online deposit and loan account opening; Electronic Statements−Interactive; DirectLine Wires; DirectLine International; Remote Deposit Capture, Remote Deposit Anywhere (RDA) mobile and flatbed remote deposit capture; Cognos 10business intelligence and enterprise reporting; Smart GL general ledger reconciliation and compliance; Relationship Profitability Management (RPM); and components of the Synergy Enterprise Content Management (ECM) solution; components of the Yellow Hammer fraud detection and prevention suite; the Gladiator security services suite; Centurion Business disaster preparedness and recovery services; jhaCall Center; and more.