First Federal Bank of Kansas selects Jack Henry for core processing solution

First Federal Bank of Kansas (FFBKC) Partners with Jack Henry: Key Points

1. Partnership Announcement:
   • FFBKC has partnered with banking tech vendor Jack Henry to support its growth and community needs.
2. Technology Implementation:
   • The bank will use Jack Henry’s hosted core processing solution to enhance automation and efficiency.
   • The Banno digital banking platform will be utilized to provide a more user-friendly digital banking experience.
3. Additional Tools:
   • Included in the partnership are treasury, documentation, workflow management tools, and the LoanVantage solution.
   • LoanVantage will support FFBKC’s expansion into commercial real estate lending.
4. Strategic Choice:
   • President and CEO JR Buckner stated that Jack Henry’s products and services were the best fit for their business plan and profitability goals.
5. Focus on SMBs:
   • The decision was driven by the need for a nimble and responsive technology provider to quickly capitalize on opportunities, particularly in serving SMBs.
6. Previous Digital Banking Platform:
   • In 2022, FFBKC launched its own online digital banking platform, powered by Narmi, featuring:
     • Bank-to-bank transfers
     • Security alerts
     • Enhanced mobile cheque deposit capabilities
     • My Financial View, a financial management tool for tracking account balances, spending habits, and personal net worth across multiple financial institutions.