Jack Henry & Associates, Inc. (JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Today, its Jack Henry Banking® division announced that MVB Bank has selected the SilverLake System® for enterprise-wide automation.
The bank will implement the core processing system through JHA OutLink Processing Services™ (JHA OPS), Jack Henry Banking's outsourced offering.
The Fairmont, W.V.-based MVB Bank, with $1.4 billion in assets, was seeking a core system that would align with its strong growth, integration specifications, and efficiency needs. After a thorough assessment of its business and technical requirements, MVB Bank found, with Jack Henry Banking, a core partner that could keep pace with and support its long-term plans, as well as support the service experience demands of its clients.
Larry Mazza, president and CEO of MVB Bank, said, "At MVB Bank, we are constantly looking for opportunities to expand our client services and operate in a well-organized, progressive environment. The SilverLake System provides us with a robust solution to help us to deliver successes for our clients and shareholders. The combination of a strong technology platform and a storied company history cemented our decision to partner with Jack Henry Banking."
The openness of the SilverLake System allows for greater integration that will enable MVB Bank to optimize its management of multiple vendors, and add the flexibility to run complementary products and services closer with its core.
Coinciding with its core conversion, MVB Bank opted to also install jhaEnterprise Workflow™ to further simplify business processes by fully automating procedures that involve multiple steps or systems. The bank also selected the Banno Platform to unite and power the bank's entire digital suite. As a result of these implementations, MVB Bank expects the SilverLake System to create personnel resource savings across company functions and to generate notable efficiency gains.
Stacey Zengel, president of Jack Henry Banking, said, "Jack Henry Banking is committed to providing solutions that make banking easier for our client partners, and for their customers as well. By implementing the SilverLake System and additional offerings, MVB Bank can make real operational changes that will impact its bottom line and grow client relationships. And when the bank wants to connect other best of breed technologies with its core, regardless if we are the vendor of choice for those products, we are here to help ensure those integrations are successful and support the bank's business and growth goals."