Jack Henry & Associates has announced that Community Bank, has selected Jack Henry Banking as its technology partner and the SilverLake System as its technology platform.
This New York-based bank, which has more than $5.3 billion in assets, will install SilverLake in-house.
Mike Wilson, Chief Technology Officer of Community Bank, said: “Our new technology system, the SilverLake System from Jack Henry Banking, is an ‘in-house’ platform that we anticipate implementing in the latter half of 2010. We expect this strategic investment will deliver high-value benefit to our customers and our shareholders through improved operational and customer service capabilities and lower operating costs.”
Tony Wormington, President of Jack Henry & Associates, said: We believe SilverLake provides the functionality that Community Bank needs to support its business near- and long-term, and we are confident in the change management process we have in place to transition the bank’s move from outsourced processing to in-house operations”
Jack Henry & Associates, is a provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations.
Jack Henry Banking, a division of Jack Henry & Associates, is a provider of integrated computer systems for banks ranging from de novo to mid-tier institutions.
