First Federal Bank of Kansas selects Jack Henry for core processing solution
First Federal Bank of Kansas (FFBKC) has partnered with banking tech vendor Jack Henry to help it “grow and meet more needs in its community”.
First Federal Bank of Kansas taps Jack Henry
The $960-million asset mutual will utilise Jack Henry’s hosted core processing solution to enhance automation and efficiency, alongside the Banno digital banking platform to deliver a more “user-friendly digital banking experience”.
Also included in the deal are the vendor’s treasury, documentation and workflow management tools, and its LoanVantage solution, which will support FFBKC’s efforts to “branch out into commercial real estate lending”.
“After careful market analysis, we felt that Jack Henry had the products and services that would help us execute our business plan better and more profitably than any other option,” comments JR Buckner, president and CEO of FFBKC.
Buckner goes on to explain that the mutual’s selection of the vendor was driven by a desire to further extend its service remit to SMBs, with a “nimble and responsive technology provider that will allow us to quickly execute on opportunities as they arise”.
The mutual previously launched its own online digital banking platform, supported by a mobile app, in 2022, powered by enterprise solutions provider Narmi.
The platform supports bank-to-bank transfers, security alerts and enhanced mobile cheque deposit capabilities, in addition to a financial management tool called My Financial View, which allows customers to connect accounts at other financial institutions to track account balances, spending habits and personal net worth.
