#USA #Jack Henry #Monett #Treasury Management #ICBA

Jack Henry's Treasury Management Solution

In an exciting development for community banks, Jack Henry® (Nasdaq: JKHY) recently announced the inclusion of JHA Treasury Management™ in the Independent Community Bankers of America® (ICBA) Preferred Service Provider (PSP) program. This advancement positions the Treasury Management solution as an essential tool for community banks looking to enhance their commercial banking capabilities and attract larger business clients.

A Comprehensive Banking Platform

JHA Treasury Management is not just any banking platform; it is specifically designed to address the needs of community banks as they seek to serve increasingly complex business customers. With tools to manage daily financial workflows, the platform enhances the banks' ability to grow deposits and generate fee income. One of the standout features is its focus on providing businesses with greater visibility and control over their financial operations.

The platform integrates a range of functions into a centralized workflow, enabling clients to efficiently handle payments, account management, and transaction reporting. Users can process ACH and wire payments, transfer funds between accounts, and access tailored reports for in-depth insights into their financial transactions and balances. Extra security measures include fraud mitigation capabilities such as positive pay, account reconciliation, and two-factor authentication, which offer an added layer of protection against potential threats.

Highlighting the Increasing Demand

There is a noticeable upsurge in the demand for treasury management services, with Jack Henry establishing 45 new contracts in fiscal 2026. This represents a significant increase of 25% from the previous year. The average asset size of the banks that are entering into agreements over the past two years is approximately $2.1 billion, which shows a compelling growth of 43% compared to fiscal years 2023 and 2024. This trend highlights how community banks are gearing up to provide better solutions to compete with larger financial institutions.

Adam Mahone, ICBA's Senior Vice President of Innovation Operations, noted the importance of partnerships like this, stating, "As businesses scale and become more complex, they need a banking partner that can adapt to their evolving needs." He emphasizes that community banks can leverage trusted financial guidance while also utilizing advanced treasury management tools. This synergy can help strengthen relationships with business clients and foster new growth opportunities.

Transforming Community Banking

The benefits of Jack Henry's treasury management solution are palpable in the success stories shared by community banks using the product. For instance, Theresa Anuszewski, Senior Vice President and Head of Commercial Banking at Alpine Bank, a $6.5 billion asset institution, remarked that their commercial banking offering has been greatly enhanced. With Jack Henry's platform, the bank has been able to secure new business from municipalities and corporations that were previously out of reach. Moreover, clients have expressed that, compared to larger financial institutions, their banking platform outperforms the competition.

Building Long-lasting Partnerships

Jack Henry's long-standing relationship with ICBA as a Preferred Service Provider for the past 17 years underscores their commitment to helping community banks flourish. With a diverse range of solutions—covering digital banking, payments, lending, and operational technologies—this partnership embodies a cooperative vision aimed at enhancing the capabilities of community banks.

Erica Pilon, Vice President and Head of Corporate Strategy at Jack Henry, stated, "Adding Treasury Management to the PSP program allows community banks to target larger commercial relationships that have typically favored larger institutions. This is a win-win situation for both parties; businesses gain access to enhanced capabilities and community banks gain new growth opportunities."

Overall, JHA Treasury Management™ is now readily available to all ICBA members as part of the Preferred Service Provider program, marking a significant step toward empowering community banks in a competitive landscape. The future looks promising as these institutions continue to innovate and adapt to the ever-evolving business needs of their clients, ensuring they remain a vital part of the financial ecosystem.

For additional insights and details about Jack Henry or ICBA, visit their respective websites.