Jan. 15, 2013
& 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 First National Bank of
has selected its SilverLake System
core processing platform to provide enterprise-wide automation. This
-based bank, which has more than
in assets, will install SilverLake in-house.
, president and CEO of First National Bank of
, "The business of banking is much more difficult than it used to be. Our future depends on how responsive we are to our customers' needs and how well we adapt to the ever-increasing regulatory burden and ever-changing market conditions. Our customers demand both high-touch customer service and high-tech financial products and services. It is imperative that we have a strong core provider that we can count on going forward, and we believe Jack Henry Banking offers the tools and technology we need to succeed."
, general manager of sales for Jack Henry Banking, "We are confident that the functionality and flexibility of SilverLake and our fully integrated complementary solutions will enable this bank to optimize its business strategy, continually enhance its customers' experience and its staff's efficiency, and capitalize on the trends that are shaping the banking industry. We believe this bank's SilverLake decision can be its last core technology decision and we look forward to a long, successful relationship with this growth-focused bank."
In addition to SilverLake, First National Bank of
will initially implement an array of Jack Henry Banking's complementary solutions including StreamLine Platform Automation
– Deposits™; StreamLine Platform Automation
– Loans; Vertex Teller Automation System™; Vertex Teller Capture™; components of the
PassPort™ ATM and debit card transaction processing platform; Cognos 10™ business intelligence and enterprise reporting; BIG Rewards™ customer rewards and loyalty; Yellow Hammer Fraud Detective™; Yellow Hammer BSA™; 4|sight Item Imaging™; the DirectLine Wires™ transfer service with the FRB; components of the Synergy™ Enterprise Content Management (ECM) solution; and components of the Enterprise Payment Solutions™ (EPS) payments platform.