back Back

Jack Henry bolsters its loan marketplace with the acquisition of Stackfolio’s tools and analytics

By Pavithra R

May 10, 2021

  • America
  • Jack
Share

Jack Henry bolsters its loan marketplace with the acquisition of Stackfolio's tools and analyticsJack Henry & Associates, a leading provider of technology solutions and payment processing services primarily for the financial services industry, has announced bolstering its loan marketplace by the acquisition of a suite of tools and analytics from Stackfolio.

The marketplace for this offering represents more than $1 bn in loan opportunities across the country from a community of more than 1,000 financial institutions to date.

Jack Henry entered into a partnership with Stackfolio last year to introduce an efficient, cost-effective way for banks and credit unions (CUs) to manage their loan portfolios, the Jack Henry Loan Marketplace. The Marketplace allows loans to be presented as single transactions or pooled together and can accommodate any lending asset class. It centralizes communications and transactions related to the purchase, sale, and trade of these loans into a digital format that reduces document transfer time. The Loan Marketplace can connect directly to counterparties’ core and/or loan origination systems, introducing vast efficiencies in the loan sale process as opposed to legacy intermediaries.

Jack Henry will bring the technology into its cloud-based infrastructure, allowing the banks and CUs it supports to gain access to proprietary research and analytics on lending trends and activity. This enables FIs of all sizes to make more informed trading decisions with tremendous efficiency. With Jack Henry Lending, institutions can leverage one system to facilitate all their commercial and consumer lending needs, creating a more automated and streamlined approach to business.

“Adding this suite of tools and analytics into our portfolio strengthens the digital evolution of lending. Community banks and credit unions can efficiently engage in unbiased access to a full spectrum of loan opportunities, effectively helping one another manage their loan portfolios in an automated fashion, whether that be for asset diversification or reallocating credit risk,” said Greg Adelson, chief operating officer for Jack Henry.

Jack Henry is S&P 500 company that serves approx. 8500 clients nationwide through 3 divisions: Jack Henry Banking supports banks ranging from community banks to multi-billion-dollar institutions; Symitar provides various solutions to credit unions of all sizes; and ProfitStars offers highly specialized solutions to financial institutions of every asset size, as well as diverse corporate entities outside of the financial services industry.

Previous Article

May 10, 2021

Finastra extends partnership with Be | Shaping the Future in DACH

Read More
Next Article

May 10, 2021

Flywire partners with Discover on global education payments

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

December 12, 2024

Ayan Capital bags $3.6m to expand Islamic FinTech solutions in the UK

Read More

December 12, 2024

Saga joins Salt Edge to enable Serbian banks with Open Banking regulations

Read More

December 12, 2024

Worldline & Forthcode bring in-flight payments on Android POS in India

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More