Guilford Savings Bank selects Jack Henry’s SilverLake core system
Connecticut-based Guilford Savings Bank has chosen Jack Henry’s SilverLake core system for a digital drive.
“Jack Henry is both a cultural and a technological fit”
The bank, which has $742 million in assets, was founded in 1875. Its growth plan is to “double or triple in size” over the next ten years, and it needed a partner that could offer more features and functionalities while giving them insights into modern community banking.
David Finnerty, SVP and senior operations officer for Guilford Savings Bank, says: “Jack Henry is both a cultural and a technological fit for Guilford Savings Bank. The company has an open infrastructure that our previous provider wasn’t able to deliver, allowing us to integrate with the best solutions available.
“What’s more, they are providing us a package of competitive services that would have been too onerous or costly to select individually, including a feature-rich digital experience, a sophisticated commercial cash management platform, and predictive analytics for risk mitigation.”
SilverLake will be used in an outsourced environment.
Jack Henry adds that its Banno (online and mobile) banking solutions will allow the bank to expand its footprint across Connecticut without adding any brick and mortar branches.
