QCR Holdings, Inc. Selects Jack Henry to Modernize Technology Across Four Banks
Rhea-AI Summary
QCR Holdings (Nasdaq: JKHY) selected Jack Henry to modernize technology across its four subsidiary banks, standardize operations, and enable a data-driven growth strategy.
The $9 billion-asset holding company will transition all four banks to Jack Henry's configurable core, use Enterprise Workflow and Synergy to streamline operations, access Jack Henry's open ecosystem of more than 950 API-integrated fintechs, and adopt Data Hub for real-time data via Google Cloud Platform. The move aims to preserve local bank autonomy while positioning the banks to scale beyond a near-term $10 billion asset goal.
Positive
- Transition of four bank charters to Jack Henry core
- $9 billion company standardizes operations across subsidiaries
- Access to > 950 API-integrated fintech partners
- Data Hub provides real-time data via Google Cloud
- Positions banks to scale beyond a $10 billion asset goal
Negative
- None.
News Market Reaction
On the day this news was published, JKHY gained 2.05%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Founded in 1993 and headquartered in
Already a Jack Henry client through one bank, QCR Holdings, Inc. understands the emphasis that Jack Henry places on the future of relationship banking and decided to transition all four banks to Jack Henry's modern and configurable core processing platform. The move will provide a gold standard for the bank's technology foundation while preserving each bank's autonomy and local approach. Products like Enterprise Workflow and Synergy will streamline internal operations and boost efficiency, while Jack Henry's open ecosystem and access to more than 950 API-integrated fintechs will allow the banks to select best-of-breed solutions for their specific markets and customer needs.
"Jack Henry will be key to our technology strategy, elevating both client and employee experiences," said Reba Winter, Chief Operating Officer at QCR Holdings, Inc. "Their modern, open platform will help us improve efficiency and reduce costs while maintaining our banks' independence and giving them the flexibility to easily integrate the solutions that work best in their markets. As a relationship-driven organization with deep community roots, we have a strong cultural alignment with Jack Henry. Their service and responsiveness have always been differentiators, placing them head and shoulders above competitors."
QCR Holdings, Inc. was drawn to Jack Henry's data-exchange solution, Data Hub, which provides real-time access to data and enables more efficient integrations across systems through the Google Cloud Platform. Also, the company is confident in Jack Henry's strategy for building a modern core in the public cloud, offering a seamless path for future innovation and positioning their banks for sustainable growth beyond its near-term
"QCR Holdings, Inc. is taking a thoughtful, forward-looking approach to digital transformation, focused on enhancing client relationships while preserving the personal, one-on-one service that defines their Midwestern culture," said Jonathan Baltzell, President of Bank Solutions at Jack Henry. "They need a technology platform that can support their size and growth, while standardizing operations across banks and still preserving the essence of the local communities they serve. We're proud to provide the answer to this need for a modern, scalable platform with locality at its heart. Together, we will drive a clear path for future innovation."
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 nearly 50 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 7,400 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
What did QCR Holdings announce about Jack Henry on November 6, 2025 (JKHY)?
How large is QCR Holdings and what assets are involved in the Jack Henry deal?
What Jack Henry products will QCR use and what benefits are cited?
How many fintech integrations does Jack Henry offer for QCR's banks?
Does the Jack Henry implementation affect QCR's growth targets?
