Jack Henry Banking Introduces a Refreshed SilverLake System

Core provider continues commitment to offering comprehensive modern banking systems

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Jul 13, 2016, 08:00 ET

MONETT, Mo., July 13, 2016 /PRNewswire/ -- Jack Henry Banking^® is a division of Jack Henry & Associates, Inc. (NASDAQ:JKHY) that provides integrated computer systems to banks ranging from de novo to multi-billion dollar institutions. Today it announced a refreshed SilverLake System^®, designed to provide a modern, dynamic core environment that is even more responsive to how its bank clients want to do business.

As Jack Henry & Associates celebrates its 40^th anniversary this year, the organization continues to focus on evolving the way the core functions for the modern banker. A bank's core becomes the nucleus of an anytime, anywhere, constantly changing infrastructure. Through the SilverLake System, banks have a dynamic starting point for real-time processing and customer experiences that create loyalty.

Jack Henry Banking continuously updates the underlying technology and architecture of the SilverLake System to provide banks with a solution that constantly meets their changing business needs. More than one in four U.S. banks with assets $1 to $30 billion employ the SilverLake System as they serve their customers every day. The fully refreshed SilverLake System now enables these banks to:

Define their own transaction posting preferences electronically through Real Time™ processing;
Deliver a unified digital suite to customers that's more intuitive for bank employees;
Make branch banking more visual, interactive and efficient via an enterprise mobile strategy with Branch Anywhere™;
Achieve additional layers of core customization with PowerOn^® functionality; and
Streamline and standardize multi-step business processes with enterprise-wide automation through jhaEnterprise Workflow™.

Stacey Zengel, president of Jack Henry Banking, stated, "This year, our 40^th year in business, marks an important evolution in the state of core processing at Jack Henry Banking. As an organization centered on the concept of providing the greatest value and highest levels of customer service, it is important that we continue to push these standards and deliver solutions that drive our clients' business forward. As banking changes, we remain committed to staying ahead of those changes so that our bankers can thrive regardless of the competitive, regulatory or economic dynamics."

About Jack Henry Banking
Jack Henry Banking, a division of Jack Henry & Associates, Inc., is a leading provider of integrated computer systems for banks ranging from de novo to multi-billion dollar institutions. Jack Henry Banking currently serves more than 1,200 banks as a single source for integrated, enterprise-wide automation and as a single point of contact and support. Additional information is available at www.jackhenrybanking.com.

About Jack Henry & Associates, Inc.
Jack Henry & Associates, Inc.^® (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its solutions serve almost 10,600 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking^® supports banks ranging from community banks to multi-billion dollar institutions with information processing solutions. Symitar^® is a leading provider of information processing solutions for credit unions of all sizes. ProfitStars^® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com.

Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.

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SOURCE Jack Henry & Associates, Inc.