Jack Henry & Associates, Inc.® (NASDAQ: JKHY) introduced as we speak that LINKBANCORP, Inc., the holding firm of The Gratz Financial institution and LINKBANK, chosen Jack Henry to carry fashionable banking providers to its area people.
Based in 2018, LINKBANCORP had a imaginative and prescient for entrepreneurial development, innovation in know-how and a branch-lite mannequin to help companies in Central and Southeastern Pennsylvania. A merger in 2021 with The Gratz Financial institution doubled its asset dimension to over $1 billion and helped them scale in each service and geography.
LINKBANCORP wanted a know-how platform that will enhance operational efficiencies and help its objective of delivering relationship-based banking for each industrial and retail clients, on digital channels. Utilizing Jack Henry’s digital banking and lending capabilities, the financial institution will achieve entry to scalable and open know-how, together with the Banno Digital Platform™ and LoanVantage®, in addition to open connectivity to greater than 850 third-party fintechs.
Andrew Samuel, CEO of LINKBANCORP, mentioned, “We recognized 4 key elements that had been most necessary to our technique: open API, cloud-based infrastructure, native mobility, and modular structure; Jack Henry delivers in all areas and extra. Jack Henry is forward of the pack within the trade on account of its progressiveness and fashionable strategy to know-how and this was additional highlighted by the corporate’s new know-how modernization technique.”
LINKBANCORP was significantly impressed with Jack Henry’s current trade partnerships. Samuel provides, “Now, we will simply undertake progressive applied sciences from specialised fintechs that will in any other case have taken us 6-12 months to implement. These partnerships complement the Jack Henry platform and help our development technique, permitting us to compete with bigger monetary establishments domestically. Our bankers now have the instruments wanted to function trusted advisors, fixing actual challenges and persevering with to positively impression the monetary well being of our area people.”
Stacey Zengel, senior vp at Jack Henry and president of Jack Henry Banking, mentioned, “LINKBANCORP has a robust development technique and is investing in know-how to proceed to help clients in as we speak’s digital world. As a well-rounded monetary know-how firm with a broad ecosystem of fintechs partnerships, Jack Henry is uniquely positioned to assist the financial institution construct a contemporary, versatile, and adaptable platform that may develop with the financial institution and supply a differentiating and cohesive expertise for each industrial and retail clients.”