Border Bank Chooses Jack Henry for Technology Modernization
Border Bank has selected Jack Henry (Nasdaq: JKHY) to modernize its technology infrastructure as it approaches $1 billion in assets. The bank will implement Jack Henry's core processing system and digital solutions including Banno Digital Platform™, Banno Business™, and JHA Treasury Management™.
Founded in 1935 along Minnesota's Canadian border, Border Bank serves various industries including manufacturing, hospitality, and commercial real estate across North Dakota and metro Minneapolis. The upgrade aims to improve operational efficiency, streamline workflows, and enhance customer experience.
The partnership provides Border Bank access to over 950 API-integrated, third-party fintechs through Jack Henry's open ecosystem, enabling service differentiation. Jack Henry's technology modernization strategy includes deploying modern service components in the public cloud for future growth.
Border Bank ha selezionato Jack Henry (Nasdaq: JKHY) per modernizzare la sua infrastruttura tecnologica mentre si avvicina a 1 miliardo di dollari in attivi. La banca implementerà il sistema di elaborazione centrale di Jack Henry e soluzioni digitali tra cui Banno Digital Platform™, Banno Business™ e JHA Treasury Management™.
Fondata nel 1935 lungo il confine canadese del Minnesota, Border Bank serve vari settori tra cui manifatturiero, ospitalità e immobili commerciali in North Dakota e nella metropolitana di Minneapolis. L'upgrade mira a migliorare l'efficienza operativa, semplificare i flussi di lavoro e migliorare l'esperienza del cliente.
La partnership offre a Border Bank accesso a oltre 950 fintech di terze parti integrate tramite API attraverso l'ecosistema aperto di Jack Henry, consentendo una differenziazione dei servizi. La strategia di modernizzazione tecnologica di Jack Henry include il dispiegamento di componenti di servizio moderni nel cloud pubblico per la crescita futura.
Border Bank ha seleccionado a Jack Henry (Nasdaq: JKHY) para modernizar su infraestructura tecnológica mientras se acerca a los 1,000 millones de dólares en activos. El banco implementará el sistema de procesamiento central de Jack Henry y soluciones digitales, incluyendo Banno Digital Platform™, Banno Business™ y JHA Treasury Management™.
Fundada en 1935 a lo largo de la frontera canadiense de Minnesota, Border Bank atiende a diversas industrias, incluyendo manufactura, hospitalidad y bienes raíces comerciales en Dakota del Norte y el área metropolitana de Minneapolis. La actualización tiene como objetivo mejorar la eficiencia operativa, simplificar los flujos de trabajo y mejorar la experiencia del cliente.
La asociación proporciona a Border Bank acceso a más de 950 fintechs de terceros integradas a través de API en el ecosistema abierto de Jack Henry, permitiendo la diferenciación de servicios. La estrategia de modernización tecnológica de Jack Henry incluye el despliegue de componentes de servicio modernos en la nube pública para el crecimiento futuro.
Border Bank는 자산이 10억 달러에 가까워짐에 따라 기술 인프라를 현대화하기 위해 Jack Henry (Nasdaq: JKHY)를 선택했습니다. 이 은행은 Jack Henry의 핵심 처리 시스템과 Banno Digital Platform™, Banno Business™, JHA Treasury Management™를 포함한 디지털 솔루션을 구현할 것입니다.
1935년에 미네소타의 캐나다 국경 근처에 설립된 Border Bank는 북다코타와 미니애폴리스 대도시 지역에서 제조업, 환대업 및 상업용 부동산을 포함한 다양한 산업에 서비스를 제공합니다. 이번 업그레이드는 운영 효율성을 개선하고, 작업 흐름을 간소화하며, 고객 경험을 향상시키는 것을 목표로 하고 있습니다.
파트너십을 통해 Border Bank는 Jack Henry의 개방형 생태계를 통해 950개 이상의 API 통합 제3자 핀테크에 접근할 수 있어 서비스 차별화를 가능하게 합니다. Jack Henry의 기술 현대화 전략에는 향후 성장을 위해 공공 클라우드에서 현대적인 서비스 구성 요소를 배포하는 것이 포함됩니다.
Border Bank a sélectionné Jack Henry (Nasdaq: JKHY) pour moderniser son infrastructure technologique alors qu'elle approche des 1 milliard de dollars d'actifs. La banque mettra en œuvre le système de traitement central de Jack Henry et des solutions numériques, y compris Banno Digital Platform™, Banno Business™ et JHA Treasury Management™.
Fondée en 1935 le long de la frontière canadienne du Minnesota, Border Bank sert divers secteurs, y compris la fabrication, l'hôtellerie et l'immobilier commercial à travers le Dakota du Nord et la région métropolitaine de Minneapolis. La mise à niveau vise à améliorer l'efficacité opérationnelle, à rationaliser les flux de travail et à améliorer l'expérience client.
Le partenariat offre à Border Bank un accès à plus de 950 fintechs tierces intégrées via API grâce à l'écosystème ouvert de Jack Henry, permettant ainsi une différenciation des services. La stratégie de modernisation technologique de Jack Henry comprend le déploiement de composants de service modernes dans le cloud public pour une croissance future.
Border Bank hat Jack Henry (Nasdaq: JKHY) ausgewählt, um ihre Technologieinfrastruktur zu modernisieren, während sie sich dem Vermögen von 1 Milliarde Dollar nähert. Die Bank wird das Kernverarbeitungssystem von Jack Henry sowie digitale Lösungen wie Banno Digital Platform™, Banno Business™ und JHA Treasury Management™ implementieren.
Gegründet im Jahr 1935 an der kanadischen Grenze von Minnesota, bedient die Border Bank verschiedene Branchen, darunter die Fertigung, das Gastgewerbe und gewerbliche Immobilien in North Dakota und der Metropolregion Minneapolis. Das Upgrade zielt darauf ab, die betriebliche Effizienz zu verbessern, Arbeitsabläufe zu optimieren und das Kundenerlebnis zu verbessern.
Die Partnerschaft ermöglicht der Border Bank den Zugang zu über 950 API-integrierten Drittanbieter-Fintechs über das offene Ökosystem von Jack Henry, was eine Differenzierung der Dienstleistungen ermöglicht. Die Strategie zur Modernisierung der Technologie von Jack Henry umfasst den Einsatz moderner Dienstleistungskomponenten in der öffentlichen Cloud für zukünftiges Wachstum.
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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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