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United Mississippi Bank frees up internal IT resources through Jack Henry

December 25, 2023
in Fintech
Reading Time: 3 mins read
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United Mississippi Bank frees up internal IT resources through Jack Henry

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United Mississippi Financial institution continues to make use of Jack Henry’s Hosted Community Options to boost its IT infrastructure with out including workers.  

In 2017, United Mississippi Financial institution Govt Vice President and Chief Data Officer Christopher Maxwell was seeking to enhance IT operations, together with the necessity for 2 full-time IT workers, he instructed Financial institution Automation Information.

Nevertheless, including headcount was pricey, with some IT candidates anticipating to be paid greater than a financial institution’s chief government, Maxwell stated. “That doesn’t match” for the $452 million, Natchez, Miss.-based financial institution, he stated.  

“Hosted Community Options (HNS) was particularly designed for monetary establishments to host any Home windows- or Linux-based servers in Jack Henry’s safe and absolutely redundant personal cloud platform,” Nick Shirk, nationwide director of gross sales and knowledge safety and expertise, instructed BAN.  

The financial institution’s third-party service contracts have been expiring in 2017 and it was time for a {hardware} refresh, anticipated to value about $1 million, Maxwell stated. Whereas figuring out the most effective path to enhance {hardware} and digital servers, Maxwell talked with the Jack Henry group in addition to banks that had already carried out HNS. 

The financial institution is in its third three-year contract with HNS, Maxwell stated. The platform meant the financial institution wouldn’t want to rent extra full-time workers.  

“By successfully transferring dangers and administration tasks to Jack Henry, monetary establishments can free inside IT sources to deal with strategic initiatives to higher serve their account holders,” Shirk stated. 

Nashville, Tenn.-based FirstBank and Panama Metropolis Seaside, Fla.-based Improvements Credit score Union are amongst monetary establishments which have moved their community infrastructure to HNS, in line with the Jack Henry web site.  

Prepare for the Financial institution Automation Summit U.S. 2024 in Nashville on March 18-19! Uncover the most recent developments in AI and automation in banking. Register now. 

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