Jack Henry & Associates - Jack Henry Banking
SilverLake; CIF 20/20; Core Director for US market;
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Symitar Episys core processing system, an IBM System p-based credit union platform < in 2000 Symitar became a division of JHA
Overview:
Jack Henry & Associates, Inc. (NASDAQ: JKHY) was founded in 1976 as a provider of core information processing solutions for community banks. Today, the company’s extensive array of products and services are processing transactions, automating business processes, and managing mission-critical information for more than 8,700 financial institutions and corporate entities.
Jack Henry Banking is the business unit that operates as a leading provider of US core processing solutions. It provides integrated, enterprise-wide automation that banks need to execute their dynamic business strategies; support their growth, service, operational, and performance goals; and capitalize on the evolving trends shaping the financial services industry. Its client-centric solutions support more than 1,700 banks - ranging from de novo to mid-tier institutions – with three competitively distinct core processing solutions. Jack Henry Banking solutions blend the three functionally distinct core processing platforms with more than 100 integrated complementary solutions including state-of-the-industry business intelligence, retail and business banking, Internet banking and EFT, risk management and protection, and item and document imaging solutions. These US-market solutions come as in-house and outsourced operating alternatives.
Core Banking Solutions
SilverLake – Highly customizable, IBM System i-based solution
CIF 20/20 – Parameter-driven, IBM System i-based solution
Core Director – Windows-based, client/server solution
OutLink Data Centers – Turnkey outsourcing solution
Products: SilverLake; CIF 20/20; Core Director
SilverLake is a client-centric system designed for commercial-focused banks ranging from de novo to mid-tier institutions. SilverLake has an open architecture and the ability to support both in-house and outsourced operating environments. The scalable IBM System i-based hardware platform maximizes operating flexibility and the long-term technology investment. More than 430 banks use Jack Henry’s SilverLake system, including approximately 15 percent of the domestic banks with assets ranging from $1 billion to $30 billion. SilverLake provides enterprise-wide automation covering:
Core Processing
Business Intelligence
Retail Delivery
Business Banking
Electronic Funds Transfer
Internet Banking
Asset Management & Protection
Item & Document Imaging
Professional Services & Education
CIF 20/20 is a parameter-driven, easy-to-use system that supports banks ranging from de novo institutions to those with assets exceeding $1 billion with the high-demand products and services required to compete with mid-tier and national banks. This advanced system also provides the functionality needed to respond to evolving customer and market demands without custom programming or costly integration initiatives. Nearly 900 banks have entrusted their ability to attract, serve, and retain their customers to Jack Henry’s CIF 20/20 system, making it the most widely used IBM System i-based core processing system in the community bank sector.
Core Director supports progressive community banks, ranging from de novo institutions to banks with more than $2 billion in assets, with the advanced, customizable functionality. More than 200 banks use Jack Henry’s Core Director system. This Windows-based, client/server core processing solution provides enterprise-wide automation and leverages the industry’s most cost-efficient operating platform.
Although Jack Henry provides one of the most extensive product offerings available , the experience supporting more than 1,700 core bank clients demonstrated that diverse financial services organizations have niche product requirements outside its offering. In response, Jack Henry developed jXchange, a services-oriented architecture on a .NET platform that provides open connectivity between its core and complementary solutions and third-party products.
Platform:
SilverLake is an IBM System i-based solution
CIF 20/20 is a parameter-driven, IBM System i-based solution
Core Director is a Windows-based, client/server solution
