Big Data Special Series

Jack Henry & Associates, Inc.

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Jack Henry Banking
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SAS 
Jack Thompson

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SAS & Jack Henry & Associates, Inc.

Jack Henry & Associates is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its solutions serve approximately 9,000 customers nationwide. Jack Henry Banking®  works with SAS to provide banking institutions with solutions deigned to address a wide variety of needs in fraud detection, anti-money laundering compliance, and investigation management. 

Focus Area
Analytics, Anti-Money Laundering, Fraud, Risk Management

Industry
Regional and community financial institutions that are Jack Henry & Associates clients.

Specializations
Technology solutions and payment processing services primarily for the financial services industry.

Initiatives

ERMS

In partnership with SAS, Jack Henry & Associates developed JHA Enterprise Risk Mitigation Solutions™ (ERMS). Powered by SAS, a long recognized leader in fraud and financial crimes predictive analytics software, the solution is designed to address a wide variety of needs in fraud detection, anti-money laundering compliance and investigation management. Jack Henry & Associates has exclusive rights to market ERMS to their clients.

Securely hosted in JHA’s cloud environment, the ERMS debut module for AML/BSA compliance delivers state-of-the-art analytics that reduce false positives, allowing investigative analysts to focus on the cases that pose the greatest risks to the financial institution.

ERMS centralizes intelligence from multiple sources, combining transaction and user data for more complete customer risk assessments. The intuitive workflow, case management capabilities, and dynamic visualization interface empower investigators to evaluate evidence and document decisions to refer cases to local law enforcement. Advanced reporting features allow for data to be presented to an institution’s board of directors, as well as auditors and examiners.

To learn more, watch this brief video or check out the resources below.

Resources

Product Brief
JHA Enterprise Risk Mitigation Solutions™
A singular risk mitigation tool that includes predictive analytics and empowers your financial institution to analyze and research anti-money laundering (AML) and fraud information together in one web-based, fully hosted solution.

Press Release
Jack Henry & Associates, SAS Announce Partnership to Provide Regional and Community Financial Institutions with Access to Leading Financial Crimes Solution
JHA Enterprise Risk Mitigation Solutions provide risk data and advanced analytics on a single platform.

Insights Article
Is It Case Management or Alert Management?
Understanding the differences in AML and payments fraud

About Jack Henry & Associates, Inc.

Jack Henry & Associates’ original business line was founded in 1976 to provide banks with off-the-shelf banking software. More than four decades later, Jack Henry Banking is a leading provider of the integrated technology platforms banks need to process financial transactions, automate business processes, and manage mission-critical customer and business information. jackhenrybanking.com

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