Jack Henry Adds Digital Consumer Lending Experience to Comprehensive Lending Suite
Consumer lending capabilities added to proven commercial loan solution for a more modern, consistent and convenient borrower experience
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MONETT, Mo., Jan. 27, 2021 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Today, Jack Henry Lending announced the availability of Jack Henry Consumer Loans
sm, a unified solution to create, manage and support borrower relationships and loans of all types through a simplified, digital process.
Banks and credit unions are under mounting pressure to drive interest income in a low-interest and highly competitive environment, all while delivering a digitally optimized and comprehensive banking experience to customers and members. Jack Henry Consumer Loans enables customers and members to apply for and complete loan services digitally to provide an easier, more consistent borrower experience. This innovative solution helps financial institutions better serve borrowers throughout all life stages and more effectively grow their relationships. The technology is 100% cloud based and bridges the gap between consumer and commercial segments, eliminating the need to run multiple systems to support different loan types.