Border Bank Chooses Jack Henry for Technology Modernization
Border Bank has selected Jack Henry (Nasdaq: JKHY) to modernize its technology infrastructure, marking a significant step in the bank's growth strategy as it approaches $1 billion in assets.
Key highlights of the partnership include:
- Implementation of Jack Henry's core processing system to improve operational efficiency
- Access to digital banking solutions through Banno Digital Platform, Banno Business, and JHA Treasury Management
- Integration with over 950 API-connected fintech partners
- Migration to public cloud services
Founded in 1935 to serve agricultural needs along Minnesota's Canadian border, Border Bank has expanded to serve various industries in North Dakota and metro Minneapolis, including manufacturing, hospitality, and commercial real estate. The bank's COO, Tammy Stanton, cited Jack Henry's commitment to innovation, transparency, and customer service as key factors in their decision.
This technology upgrade positions Border Bank to enhance customer experience, streamline operations, and support long-term growth while maintaining its community-focused banking approach.
Border Bank ha scelto Jack Henry (Nasdaq: JKHY) per modernizzare la propria infrastruttura tecnologica, segnando un passo importante nella strategia di crescita della banca, che si avvicina al traguardo di 1 miliardo di dollari in attività.
Gli aspetti principali della collaborazione includono:
- Implementazione del sistema di core processing di Jack Henry per migliorare l'efficienza operativa
- Accesso a soluzioni di banking digitale tramite Banno Digital Platform, Banno Business e JHA Treasury Management
- Integrazione con oltre 950 partner fintech connessi via API
- Migrazione ai servizi cloud pubblici
Fondata nel 1935 per soddisfare le esigenze agricole lungo il confine canadese del Minnesota, Border Bank si è espansa servendo diversi settori nel North Dakota e nell'area metropolitana di Minneapolis, tra cui manifatturiero, ospitalità e immobiliare commerciale. La COO della banca, Tammy Stanton, ha indicato l'impegno di Jack Henry verso l'innovazione, la trasparenza e il servizio clienti come fattori chiave nella scelta.
Questo aggiornamento tecnologico permette a Border Bank di migliorare l'esperienza cliente, ottimizzare le operazioni e sostenere una crescita a lungo termine, mantenendo al contempo un approccio bancario orientato alla comunità.
Border Bank ha seleccionado a Jack Henry (Nasdaq: JKHY) para modernizar su infraestructura tecnológica, marcando un paso importante en la estrategia de crecimiento del banco, que se acerca a los 1.000 millones de dólares en activos.
Los puntos destacados de la colaboración incluyen:
- Implementación del sistema central de procesamiento de Jack Henry para mejorar la eficiencia operativa
- Acceso a soluciones de banca digital a través de Banno Digital Platform, Banno Business y JHA Treasury Management
- Integración con más de 950 socios fintech conectados mediante API
- Migración a servicios en la nube pública
Fundado en 1935 para atender las necesidades agrícolas a lo largo de la frontera canadiense de Minnesota, Border Bank se ha expandido para servir a diversas industrias en Dakota del Norte y la zona metropolitana de Minneapolis, incluyendo manufactura, hospitalidad y bienes raíces comerciales. La directora de operaciones (COO) del banco, Tammy Stanton, mencionó el compromiso de Jack Henry con la innovación, la transparencia y el servicio al cliente como factores clave en su decisión.
Esta actualización tecnológica posiciona a Border Bank para mejorar la experiencia del cliente, optimizar las operaciones y apoyar el crecimiento a largo plazo, manteniendo su enfoque bancario centrado en la comunidad.
Border Bank는 기술 인프라를 현대화하기 위해 Jack Henry(나스닥: JKHY)를 선정했으며, 이는 자산 10억 달러에 근접한 은행의 성장 전략에서 중요한 단계입니다.
파트너십의 주요 내용은 다음과 같습니다:
- 운영 효율성 향상을 위한 Jack Henry의 핵심 처리 시스템 도입
- Banno Digital Platform, Banno Business, JHA Treasury Management를 통한 디지털 뱅킹 솔루션 접근
- 950개 이상의 API 연결 핀테크 파트너와의 통합
- 퍼블릭 클라우드 서비스로의 이전
1935년 미네소타의 캐나다 국경 지역 농업 수요를 충족하기 위해 설립된 Border Bank는 노스다코타와 미니애폴리스 대도시 지역의 제조업, 환대업, 상업용 부동산 등 다양한 산업으로 서비스를 확장했습니다. 은행의 COO인 Tammy Stanton은 혁신, 투명성, 고객 서비스에 대한 Jack Henry의 헌신이 결정적 요인이라고 밝혔습니다.
이번 기술 업그레이드는 Border Bank가 고객 경험을 향상하고 운영을 간소화하며 장기적인 성장을 지원하는 동시에 지역사회 중심의 은행 운영 방식을 유지할 수 있도록 합니다.
Border Bank a choisi Jack Henry (Nasdaq : JKHY) pour moderniser son infrastructure technologique, marquant une étape importante dans la stratégie de croissance de la banque, qui approche le milliard de dollars d'actifs.
Les points clés de ce partenariat incluent :
- La mise en œuvre du système de traitement central de Jack Henry pour améliorer l'efficacité opérationnelle
- L'accès aux solutions bancaires numériques via Banno Digital Platform, Banno Business et JHA Treasury Management
- L'intégration avec plus de 950 partenaires fintech connectés par API
- La migration vers des services cloud publics
Fondée en 1935 pour répondre aux besoins agricoles le long de la frontière canadienne du Minnesota, Border Bank s'est étendue pour desservir divers secteurs dans le Dakota du Nord et la métropole de Minneapolis, notamment la fabrication, l'hôtellerie et l'immobilier commercial. La directrice des opérations (COO) de la banque, Tammy Stanton, a cité l'engagement de Jack Henry envers l'innovation, la transparence et le service client comme des facteurs clés dans leur décision.
Cette mise à niveau technologique permet à Border Bank d'améliorer l'expérience client, de rationaliser ses opérations et de soutenir une croissance à long terme tout en maintenant son approche bancaire centrée sur la communauté.
Border Bank hat Jack Henry (Nasdaq: JKHY) ausgewählt, um seine technologische Infrastruktur zu modernisieren, was einen bedeutenden Schritt in der Wachstumsstrategie der Bank darstellt, da sie sich der Marke von 1 Milliarde US-Dollar an Vermögenswerten nähert.
Wichtige Highlights der Partnerschaft sind:
- Implementierung des Kernverarbeitungssystems von Jack Henry zur Verbesserung der Betriebseffizienz
- Zugang zu digitalen Banklösungen über Banno Digital Platform, Banno Business und JHA Treasury Management
- Integration mit über 950 API-verbundenen Fintech-Partnern
- Migration zu öffentlichen Cloud-Diensten
Gegründet im Jahr 1935, um die landwirtschaftlichen Bedürfnisse entlang der kanadischen Grenze Minnesotas zu bedienen, hat sich die Border Bank erweitert, um verschiedene Branchen in North Dakota und der Metropolregion Minneapolis zu bedienen, darunter Fertigung, Gastgewerbe und Gewerbeimmobilien. Die COO der Bank, Tammy Stanton, nannte Jack Henrys Engagement für Innovation, Transparenz und Kundenservice als entscheidende Faktoren für ihre Entscheidung.
Dieses Technologie-Upgrade positioniert die Border Bank, um das Kundenerlebnis zu verbessern, die Abläufe zu straffen und langfristiges Wachstum zu unterstützen, während sie ihren gemeinschaftsorientierten Bankansatz beibehält.
- Bank approaching $1B in assets milestone, showing significant growth
- Technology upgrade to improve operational efficiency through modern core processing
- Access to 950+ API-integrated fintech solutions enabling business differentiation
- Implementation of new digital platforms (Banno Digital, Business, Treasury Management) to enhance customer experience
- Strategic move to public cloud infrastructure improving long-term technological capabilities
- Current infrastructure relies on dated processes requiring complete overhaul
- Need to manage increasing demands with existing resources indicates potential staffing constraints
- Significant technology investment and transition costs likely to impact short-term financials
Insights
Jack Henry's new contract with Border Bank represents a strategic win in the competitive core banking software market. This deal holds significance beyond a standard customer acquisition for several reasons:
Core banking system replacements are high-value, long-term contracts with significant switching costs, typically spanning 5-10 years of recurring revenue. Border Bank's selection demonstrates confidence in Jack Henry's technology roadmap and innovation strategy.
The comprehensive nature of this implementation is particularly notable. Rather than a single solution, Border Bank is adopting multiple Jack Henry products: core processing, Banno Digital Platform, Banno Business, and JHA Treasury Management. This full-stack approach typically yields higher contract values and creates deeper integration with the client's operations.
For context, as Border Bank approaches
The mention of Jack Henry's ecosystem with 950+ API-integrated fintechs highlights their competitive advantage in the open banking era, where flexibility and third-party integration capabilities increasingly drive buying decisions.
While financial terms weren't disclosed, this implementation represents the type of steady, profitable growth that supports Jack Henry's business model, especially as community banks face increased pressure to modernize legacy technology infrastructure.
New core and digital products will allow bank to focus on innovation, efficiency, and long-term growth
Border Bank was founded in 1935 to meet agricultural needs along
Jack Henry's core processing system will replace dated processes, improving operational efficiency and streamlining workflows. Retail, business, and enterprise commercial clients will have access to a digital front door to manage their financial needs through Banno Digital Platform™, Banno Business™, and JHA Treasury Management™.
"Jack Henry won our business because of their commitment to innovation, transparency, and customer service," said Tammy Stanton, Chief Operating Officer at Border Bank. "Their clear vision for the future, openness, and strong reputation for delivering on commitments gave us confidence that they were the right long-term fit for us. Their modern technology and plug-and-play philosophy will help us better meet the needs of our growing customer base and differentiate ourselves from competitors."
With access to over 950 API-integrated, third-party fintechs through Jack Henry's open ecosystem, Border Bank can easily differentiate according to their unique business strategy. Moreover, Jack Henry's technology modernization strategy will provide a steady stream of modern service components in the public cloud, maintaining a strategic edge going forward.
Jonathan Baltzell, President of Bank Solutions at Jack Henry, said, "Border Bank is a great example of a community bank that has been integral to the development in its region, providing businesses and families with the reliable financial support they need. At Jack Henry, we are proud to equip them with modern technology to enhance their services while also laying the foundation for a long-term technology strategy to serve their communities for many generations to come."
About Jack Henry & Associates, Inc.®
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 48 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.
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SOURCE Jack Henry & Associates, Inc.
FAQ
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