Jack Henry & Associates' Banking division announced today the availability of JHA OpenAnywhere, a sophisticated digital account opening solution that allows financial institutions to onboard new accounts within a matter of minutes.
When opening a new account, consumers and businesses seek financial institutions that can accommodate their needs at any time and on any device. Account opening is the first sign of a modern digital banking experience. JHA OpenAnywhere seamlessly integrates with Jack Henry Banking’s SilverLake System® , CIF 2020® , and Core Director® core platforms for an intuitive and easy to deploy user experience. The solution delivers a quick, simple account opening experience to existing and potential customers.
South Atlantic Bancshares, Inc. (OTCQX: SABK) is a registered bank holding company based in Myrtle Beach, South Carolina. The company’s banking subsidiary, South Atlantic Bank, currently uses Jack Henry Banking’s SilverLake System and recently selected JHA OpenAnywhere for account opening. Dick Burch, executive vice president and chief financial officer of the $680 million-asset bank, explained, “Like many banks today, it previously took anywhere from 30 minutes to an hour to open accounts with us because of the paperwork and manual data entry involved. We needed a digitally optimized, more frictionless experience to compete, and we trusted our technology partner Jack Henry to provide the best tool available. With JHA OpenAnywhere, our customers will be able to open accounts from their preferred device in five minutes or less, creating a significant competitive advantage and opening the door for us to win more business.”
JHA OpenAnywhere leverages a modern, responsive design and intuitive user experience. The solution fully integrates with a wide range of identity verification and security services, and supports multiple account funding methods, such as account transfers, ACH, debit/credit cards and in-branch funding. Its dynamic rules engine enables institutions to fully customize the system and their account opening workflow to facilitate greater control without the need for technical resources or assistance. Personal information can be automatically populated through seamless OCR and bar code scanning to further speed and simplify the process.
Ron Moses, vice president of Jack Henry & Associates and general manager of Consumer and Commercial Solutions, said, “Jack Henry is committed to modernizing and digitizing traditional banking services to help community and regional institutions compete. JHA OpenAnywhere elevates banks’ digital platforms, boosting efficiencies and strengthening customer relationships from the initial interaction through expanding services. Advanced digital account opening is a key differentiator; it provides banks with an advantage in the increasingly important battle for deposits.”