Jack Henry & Associates – Silverlake – Universal – Community Bank

Jack Henry & Associates – Silverlake – Universal – Community Bank – US

25 January 2013

Online Research - Core Banking Systems Case Studies

New case study in our Core Banking Systems Case Studies Online >> After outsourcing its core processing to Fiserv for over two decades, a mid-tier US player, Community Bank, decided to move to an in-house environment, with Jack Henry's Silverlake at the heart of its radical IT transformation. In doing so, the bank determined that over the first six years of having the system onsite it would save $17.5 million. In addition, the deployment of the new system has enabled Community Bank to embark on a 'branch and bank acquisition spree', acquiring branches from high-profile banks, including HSBC and First Niagara. Contents: Summary / Bank overview / Key project takeaways / Market overview / New vendor and system / Selection / Implementation / Moving from an outsourced to in-house environment / Reflections and further developments

To read this case study in full requires a Core Banking Systems Case Studies subscription (featuring unlimited print, reference and easy search). Click here for more information and how to order access >>

Add comment

Registered users can login (top right) to post comments instantly. You do not need to register to comment on this article, but doing so will give you access to additional content on this website and discounts on IBS research publications, please click here to register (it is free and only takes a minute). Comments are moderated and therefore may not show immediately. Check the Commenting Rules in our Terms and Conditions for more details.

Labels: Back Office Systems, Core Banking Systems, Front Office Systems, Internet / Online / Mobile Banking / Channels / ATM Branch, Mergers & Acquisitions (M&A) , Testing