Jack Henry & Associates, is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Jack Henry announced today that JHA OpenAnywhereTM received the Best Banking Infrastructure Platform Award from FinTech Breakthrough, an independent organization that recognizes the top companies, technologies, and products in the global fintech market.
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The FinTech Breakthrough Awards acknowledge fintech innovators and leaders from around the world in a range of categories, including personal finance, lending, payments, investments, regtech, and insurtech. The organization evaluates and selects “breakthrough” solutions and companies with more than 3,750 nominations submitted this year.
JHA OpenAnywhere addresses the high and growing demand for modern consumer and business online account opening. Many community and regional institutions struggle because of the tedious amount of paperwork and manual data entry required to open an account. Built with user experience in mind, the solution was designed to be responsive and adaptable on any device, enabling existing and prospective account holders to open accounts in minutes. It strategically supports financial institutions’ digital reinvention, creates a competitive advantage and presents opportunities for banks and credit unions to win more business and increase deposits.
Before using JHA OpenAnywhere, Arizona Federal Credit Union spent 30 minutes of members’ time opening new accounts, in addition to a lot of manual manpower behind the scenes. The credit union went live with the service before the pandemic, successfully averaging 300 digital account applications a month. Digital account opening more than doubled during the Spring, and Arizona Federal was prepared to manage the heightened volumes with ease. Erica Storch, digital branch manager at Arizona Federal Credit Union, commented, “JHA OpenAnywhere is so easy and user-friendly that members and new prospects took right to it, and our employees quickly transitioned their focus to building relationships over a digital environment. This is a very strategic service that served us well for the pandemic and will continue to be integral to our plans for helping members.”
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