CorTrust Bank Selects Jack Henry to Enhance Operational Efficiency
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: PRnewswire
- Technology Platform Selection: CorTrust Bank has chosen Jack Henry's core, payments, and digital solutions to enhance operational efficiency and support long-term growth, which is expected to significantly improve asset management per employee, thereby strengthening its competitive position in South Dakota and Minnesota.
- Community Investment Commitment: By improving efficiency, CorTrust Bank will be able to reinvest in local communities, becoming the financial provider of choice for customers' personal and business journeys, further solidifying its business in both small and large markets.
- Digital Transformation: The Banno Digital Platform will deliver a more modern and customizable digital banking experience for retail and business accounts, which is expected to enhance customer satisfaction and loyalty, addressing the demand for personalized services.
- Open Ecosystem Advantage: Jack Henry's open ecosystem supports integrations with over 1,000 third-party fintechs, allowing CorTrust Bank the flexibility to introduce products and services that best suit its customers and communities, ensuring competitiveness in a rapidly evolving banking landscape.
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Analyst Views on JKHY
Wall Street analysts forecast JKHY stock price to rise
13 Analyst Rating
8 Buy
5 Hold
0 Sell
Moderate Buy
Current: 124.220
Low
174.00
Averages
198.00
High
220.00
Current: 124.220
Low
174.00
Averages
198.00
High
220.00
About JKHY
Jack Henry & Associates, Inc. is a financial technology company. The Company’s segments include Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions, which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer/member information. The Payments segment provides secure payment processing tools and services, including automated teller machine, debit, and credit card processing services; online and mobile bill pay solutions; automated clearinghouse origination and remote deposit capture processing; and risk management products and services. The Complementary segment provides additional software, hosted processing platforms, and services, including digital/mobile banking, treasury services, online account opening, fraud/anti-money laundering and lending/deposit solutions that can be integrated with its core solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Louisiana Bank Enhances Digital Experience and Resilience
- Digital Transformation Initiative: First American Bank and Trust has selected Jack Henry's technology solutions to enhance operational efficiency and digital banking experience, planning to achieve greater operational resilience through a modern core processing platform, which is critical in a hurricane-prone region.
- Customer Service Enhancement: The newly introduced Banno Digital Platform™ will provide customers with better financial visualization tools, including credit scoring and financial insights, helping them manage their personal finances more effectively, thereby increasing customer loyalty and satisfaction.
- Small Business Support Solution: Through Tap2Local™, the bank will simplify payment acceptance and accounting processes for small businesses, supporting the expansion of its small business portfolio and further enhancing its market competitiveness.
- Technological Partnership Advantage: Jack Henry's open ecosystem allows integration with over 1,000 third-party fintech companies, enhancing the bank's technological flexibility and innovation capabilities, ensuring it remains competitive in a rapidly changing financial landscape.
See More
Louisiana Bank Enhances Digital Experience and Resilience
- Digital Transformation Initiative: First American Bank and Trust in Louisiana has selected Jack Henry's technology solutions to enhance operational efficiency and digital banking experience, which is expected to strengthen its competitive position in Southeast Louisiana.
- Core Processing Platform Migration: The bank will transition from an in-house environment to a hosted model, a shift that not only improves efficiency but also enhances disaster recovery capabilities, particularly critical in a region frequently impacted by hurricanes.
- Small Business Support Tools: With the Banno Digital Platform and Tap2Local solutions, the bank will provide customers with better financial control and payment processing capabilities, thereby driving growth in its small business portfolio and further solidifying its market position.
- Technological Partnership Advantage: First American Bank and Trust chose Jack Henry due to its strong reputation for customer support and technological innovation, which will assist the bank in achieving organic growth in the future, especially in the small business sector.
See More
CorTrust Bank Selects Jack Henry to Enhance Operational Efficiency
- Technology Platform Selection: CorTrust Bank has chosen Jack Henry's core, payments, and digital solutions to enhance operational efficiency and support long-term growth, which is expected to significantly improve asset management per employee, thereby strengthening its competitive position in South Dakota and Minnesota.
- Community Investment Commitment: By improving efficiency, CorTrust Bank will be able to reinvest in local communities, becoming the financial provider of choice for customers' personal and business journeys, further solidifying its business in both small and large markets.
- Digital Transformation: The Banno Digital Platform will deliver a more modern and customizable digital banking experience for retail and business accounts, which is expected to enhance customer satisfaction and loyalty, addressing the demand for personalized services.
- Open Ecosystem Advantage: Jack Henry's open ecosystem supports integrations with over 1,000 third-party fintechs, allowing CorTrust Bank the flexibility to introduce products and services that best suit its customers and communities, ensuring competitiveness in a rapidly evolving banking landscape.
See More
CorTrust Bank Selects Jack Henry to Enhance Operational Efficiency
- Technology Platform Selection: CorTrust Bank has chosen Jack Henry's flexible open platform to enhance operational efficiency and support long-term growth, which is expected to improve asset efficiency per employee and strengthen community reinvestment capabilities.
- Customer Experience Enhancement: The new platform will automate manual processes and streamline workflows, allowing employees to focus more on customer service, thereby increasing customer satisfaction and loyalty while meeting expectations for personalized banking experiences.
- Digital Transformation: The Banno Digital Platform will deliver a modern and customizable digital banking experience, unifying debit and credit card services to ensure consistency across channels and devices, enhancing the overall customer experience.
- Open Ecosystem Advantage: Jack Henry's open ecosystem supports integration with over 1,000 third-party fintechs, providing CorTrust Bank with the flexibility to introduce the most suitable products and services based on customer and community needs.
See More
Jack Henry Appoints New Board Chair
- Board Chair Transition: Jack Henry has appointed Matt Flanigan as the new Board Chair effective July 15, succeeding David Foss, who is retiring on the same day, indicating a strategic leadership shift aimed at driving future growth.
- Rich Leadership Experience: Flanigan currently serves as the Vice Chair and Lead Independent Director, and previously held the role of Executive Vice President and CFO at Leggett & Platt, bringing valuable financial and managerial expertise that will provide new perspectives and strategic direction for the company.
- Positive Market Reaction: In pre-market trading, Jack Henry's shares were priced at $134, reflecting a 0.65% increase on Nasdaq, indicating investor confidence in the new chair and optimistic expectations for the company's future development.
- Strategic Continuity: This personnel change not only optimizes the company's governance structure but also reflects Jack Henry's ongoing commitment to innovation and excellence in the fintech sector, aiming to enhance market competitiveness and shareholder value.
See More
Jack Henry Board Chair Transition Announced
- Board Leadership Change: Jack Henry announced that Board Chair David Foss will retire on July 15, 2026, with current Vice Chair and Lead Independent Director Matt Flanigan set to succeed him, ensuring continuity and stability in governance.
- Foss's Contributions: Since joining in 1999, Foss served as President from 2014 to 2022 and CEO from 2016 to 2024, playing a crucial role in shaping the company's long-term strategy and expanding its technological capabilities, solidifying its leadership in the fintech sector.
- Succession Preparedness: Flanigan, who joined the Board in 2007 and has been Lead Director since 2012, brings extensive financial and banking experience, ensuring a smooth transition and continued focus on the company's long-term growth strategy.
- Management Confidence: CEO Greg Adelson noted Foss's lasting impact on the company, emphasizing that Flanigan's leadership skills and financial expertise will provide strong support for the company's future development.
See More
Louisiana Bank Enhances Digital Experience and Resilience
- Digital Transformation Initiative: First American Bank and Trust has selected Jack Henry's technology solutions to enhance operational efficiency and digital banking experience, planning to achieve greater operational resilience through a modern core processing platform, which is critical in a hurricane-prone region.
- Customer Service Enhancement: The newly introduced Banno Digital Platform™ will provide customers with better financial visualization tools, including credit scoring and financial insights, helping them manage their personal finances more effectively, thereby increasing customer loyalty and satisfaction.
- Small Business Support Solution: Through Tap2Local™, the bank will simplify payment acceptance and accounting processes for small businesses, supporting the expansion of its small business portfolio and further enhancing its market competitiveness.
- Technological Partnership Advantage: Jack Henry's open ecosystem allows integration with over 1,000 third-party fintech companies, enhancing the bank's technological flexibility and innovation capabilities, ensuring it remains competitive in a rapidly changing financial landscape.
See More
Louisiana Bank Enhances Digital Experience and Resilience
- Digital Transformation Initiative: First American Bank and Trust in Louisiana has selected Jack Henry's technology solutions to enhance operational efficiency and digital banking experience, which is expected to strengthen its competitive position in Southeast Louisiana.
- Core Processing Platform Migration: The bank will transition from an in-house environment to a hosted model, a shift that not only improves efficiency but also enhances disaster recovery capabilities, particularly critical in a region frequently impacted by hurricanes.
- Small Business Support Tools: With the Banno Digital Platform and Tap2Local solutions, the bank will provide customers with better financial control and payment processing capabilities, thereby driving growth in its small business portfolio and further solidifying its market position.
- Technological Partnership Advantage: First American Bank and Trust chose Jack Henry due to its strong reputation for customer support and technological innovation, which will assist the bank in achieving organic growth in the future, especially in the small business sector.
See More
CorTrust Bank Selects Jack Henry to Enhance Operational Efficiency
- Technology Platform Selection: CorTrust Bank has chosen Jack Henry's core, payments, and digital solutions to enhance operational efficiency and support long-term growth, which is expected to significantly improve asset management per employee, thereby strengthening its competitive position in South Dakota and Minnesota.
- Community Investment Commitment: By improving efficiency, CorTrust Bank will be able to reinvest in local communities, becoming the financial provider of choice for customers' personal and business journeys, further solidifying its business in both small and large markets.
- Digital Transformation: The Banno Digital Platform will deliver a more modern and customizable digital banking experience for retail and business accounts, which is expected to enhance customer satisfaction and loyalty, addressing the demand for personalized services.
- Open Ecosystem Advantage: Jack Henry's open ecosystem supports integrations with over 1,000 third-party fintechs, allowing CorTrust Bank the flexibility to introduce products and services that best suit its customers and communities, ensuring competitiveness in a rapidly evolving banking landscape.
See More
CorTrust Bank Selects Jack Henry to Enhance Operational Efficiency
- Technology Platform Selection: CorTrust Bank has chosen Jack Henry's flexible open platform to enhance operational efficiency and support long-term growth, which is expected to improve asset efficiency per employee and strengthen community reinvestment capabilities.
- Customer Experience Enhancement: The new platform will automate manual processes and streamline workflows, allowing employees to focus more on customer service, thereby increasing customer satisfaction and loyalty while meeting expectations for personalized banking experiences.
- Digital Transformation: The Banno Digital Platform will deliver a modern and customizable digital banking experience, unifying debit and credit card services to ensure consistency across channels and devices, enhancing the overall customer experience.
- Open Ecosystem Advantage: Jack Henry's open ecosystem supports integration with over 1,000 third-party fintechs, providing CorTrust Bank with the flexibility to introduce the most suitable products and services based on customer and community needs.
See More
Jack Henry Appoints New Board Chair
- Board Chair Transition: Jack Henry has appointed Matt Flanigan as the new Board Chair effective July 15, succeeding David Foss, who is retiring on the same day, indicating a strategic leadership shift aimed at driving future growth.
- Rich Leadership Experience: Flanigan currently serves as the Vice Chair and Lead Independent Director, and previously held the role of Executive Vice President and CFO at Leggett & Platt, bringing valuable financial and managerial expertise that will provide new perspectives and strategic direction for the company.
- Positive Market Reaction: In pre-market trading, Jack Henry's shares were priced at $134, reflecting a 0.65% increase on Nasdaq, indicating investor confidence in the new chair and optimistic expectations for the company's future development.
- Strategic Continuity: This personnel change not only optimizes the company's governance structure but also reflects Jack Henry's ongoing commitment to innovation and excellence in the fintech sector, aiming to enhance market competitiveness and shareholder value.
See More
Jack Henry Board Chair Transition Announced
- Board Leadership Change: Jack Henry announced that Board Chair David Foss will retire on July 15, 2026, with current Vice Chair and Lead Independent Director Matt Flanigan set to succeed him, ensuring continuity and stability in governance.
- Foss's Contributions: Since joining in 1999, Foss served as President from 2014 to 2022 and CEO from 2016 to 2024, playing a crucial role in shaping the company's long-term strategy and expanding its technological capabilities, solidifying its leadership in the fintech sector.
- Succession Preparedness: Flanigan, who joined the Board in 2007 and has been Lead Director since 2012, brings extensive financial and banking experience, ensuring a smooth transition and continued focus on the company's long-term growth strategy.
- Management Confidence: CEO Greg Adelson noted Foss's lasting impact on the company, emphasizing that Flanigan's leadership skills and financial expertise will provide strong support for the company's future development.
See More
