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Jack Henry launches cloud-based banking platform

Jack Henry & Associates Banking division has introduced JHA BankAnywhere, a cloud-based digital banking system built on core and digital platforms. The solution is available to any bank regardless of its existing core system and can be hosted by Jack Henry’s Gladiator Hosted Network Solutions.

JHA BankAnywhere is a platform-as-a-service solution that enables digital-only banks to launch quickly, providing functionality and a customer experience that the firm says is useful, appropriately simple, relevant, and seamless. This fully featured platform was built on flexible architecture and an open API strategy. An open banking ecosystem, it is designed to integrate add-on modules and complementary solutions from Jack Henry, and virtually unlimited third-party and fintech solutions. Digital banks powered by JHA BankAnywhere enable market expansion beyond existing branch networks and can seamlessly scale as new customers are added and deposits grow.

In Jack Henry’s inaugural Technology Capabilities Roadmap Survey in 2019, 96% of banks reported plans to establish a digital-only brand before 2022. JHA BankAnywhere enables these banks to confidently open neobanks with the support of a digital partner that provides proven technology and outstanding service that truly embraces open banking.

“Many banks are challenged to deliver the digital experience their customers now expect,” said Stacey Zengel, vice president of Jack Henry & Associates and president of Jack Henry Banking. “JHA BankAnywhere demonstrates our commitment to provide community banks - regardless of their core systems – with the digital platform and development toolkit they need to easily innovate in the digital space. Open banking and partnering with fintechs are not new concepts for Jack Henry and we will continue to provide the technology or seamless access to the technology our clients need to compete for deposits and attract, retain, and engage accountholders of all generations and demographic segments.”  

 

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