Machias Savings Bank taps Jack Henry for tech overhaul
Maine, US-based Machias Savings Bank has selected Jack Henry to modernise its technology stack to deliver an improved customer experience.
Machias Savings Bank partners Jack Henry for tech overhaul
The 154-year-old community bank is one of Maine’s oldest community banks, serving commercial, small businesses and retail customers, and with $2.4 billion in assets under management. It says it was looking for a technology strategy that would help it support its customers’ financial needs, while competing with big banks.
Using Jack Henry’s core processing solution, the bank will be able to automate its processes and boost efficiencies, as well as utilise its enterprise workflow solution to cater to larger businesses. The bank will also have access to over 950 API-integrated fintechs within Jack Henry’s network.
Commenting on the partnership, Peter Greene, executive vice president and chief operating officer of Machias Savings Bank, says: “They will help us operate more efficiently while reducing costs and meeting the evolving needs of our commercial customers who need fast, streamlined, and convenient service.”
“These modernisation efforts will help Machias Savings Bank strengthen its connection to a new generation of customers, compete with the big banks, and remain a strong pillar in their community,” adds Stacey Zengel, senior vice president of Jack Henry and president of Bank Solutions.
Recent clients of Jack Henry include Platinum Federal Credit Union, three US-based clients: First Community Bank, Sunrise Bank, and Today’s Bank, and Georgia United Credit Union.
