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United Bank selects Jack Henry to modernise technology stack & drive growth

By Delisha Fernandes

April 12, 2024

  • Banno Digital Platform
  • commercial loan
  • Fintech news
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Jack Henry, Farmers and Merchants BankJack Henry™ has announced that United Bank selected Jack Henry to support its growth, modernise operations, and gain a competitive edge.

United Bank needed a well-rounded and open technology provider to meet the needs of retail and small business customers and improve its lending and CFDI reporting. Jack Henry’s robust and scalable hosted core processing solution and commercial loan origination platform, LoanVantage®, will streamline operations and boost efficiency, while the Banno Digital Platform™ will elevate the customer experience.

“After evaluating the market, Jack Henry was the obvious choice. Their open and customizable tools will fill in our current technology gaps, streamline our processes, and help us stand out in our communities by elevating our customer experience,” said Mike Vincent, CEO of United Bank. “And the company’s reputation was a clear indicator of their commitment, as we heard rave reviews from peer banks as well as our staff that had prior experience with the platform.”

The bank plans to continue its growth through a diversified approach, including organic growth, acquisitions, and geographic expansion. A flexible technology partner that can scale with them and guide their modernization was key. Vincent adds, “It was crucial for us to invest in a nimble company that can support us both now and in the future. Jack Henry is ahead of the curve in terms of innovation. We’ll be able to rely on them for guidance through our technology journey.”

“Regions like southwest Alabama and northwest Florida need resilient banks that are community minded and can bring the power of modern banking technology to people and businesses that are in need,” said Stacey Zengel, senior vice president of Jack Henry and president of Bank Solutions. “At Jack Henry, we take pride in helping banks like United Bank continue to serve their communities, especially amidst growing industry consolidation, and stay competitive and agile in the face of increasing consumer expectations and regulatory pressures.”

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