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Google Cloud and Jack Henry collaborate to accelerate its multi-year modernisation strategy

By Edlyn Cardoza

September 02, 2022

  • Compliance
  • Credit Unions
  • Financial Institutions
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 Jack Henry, Google Cloud, Financial Services, Financial Institutions, Credit Unions, Compliance, USAJack Henry, a provider of technology solutions for the financial services industry, announced a collaboration with Google Cloud to further enable its multi-year next-generation technology strategy focused on helping the community and regional financial institutions innovate faster and meet the evolving needs of their account holders.

Through its collaboration with Google Cloud, Jack Henry will build cloud-first technologies that modernise existing data, reporting, and integration systems while creating a new set of services that form a modern digital core for banks and credit unions. Google Cloud offers several technological benefits, including industry-leading scalability and operational uptime, leading security and compliance solutions, data and artificial intelligence (AI) platforms, and the flexibility to integrate services with other cloud providers. Building capabilities on the public cloud is a strategy that complements Jack Henry’s existing core systems.

We are pleased to work with Google Cloud to offer community and regional financial institutions our banking services natively in the cloud,” said Jack Henry’s Board Chair and CEO, David Foss. “Community and regional financial institutions are the lifeblood of Main Street America, and they are uniquely positioned to help consumers and businesses achieve financial health. Google Cloud is an important part of our next-generation technology strategy and will enable our bank and credit union clients to successfully compete in the ever-changing technology landscape by providing leading-edge, fast, reliable, and secure digital banking experiences to consumers and businesses that are only possible in the public cloud.”

Jack Henry’s next-generation technology strategy is part of the company’s mission to strengthen connections between people and financial institutions through technology and services that help reduce the barriers to financial health. Through its work with Google Cloud, Jack Henry will keep financial institutions at the centre of their account holders’ financial lives by enabling access to a broad ecosystem of Jack Henry solutions and leading FinTechs through a single, secure, and scalable cloud-first platform.

“Consumers today expect a personalised, on-demand digital banking experience that is secure, fast, and frictionless,” said Thomas Kurian, CEO of Google Cloud. “We look forward to providing Jack Henry with secure and scalable cloud infrastructure to modernise their tech stack and accelerate innovation for their customers. With cloud-first tools and services, community banks and credit unions can create digital experiences that combine relationship banking with leading technology to better fit their clients’ needs and promote financial wellness.”

Recently, IBS Intelligence reported that Jack Henry™ announced the development of Jack Henry Financial Crimes DefenderTM, the company’s next-generation financial crimes platform. The comprehensive platform, planned to launch in early 2023, will deliver community and regional financial institutions the enhanced capabilities they need, including AI/ML, to gain visibility into fraud across all channels to better protect their institutions’ and account holders’ financial health.

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