Putnam Greene Financial Corporation chose Jack Henry in a strategic move to modernize technology, simplify operations, and offer an improved digital banking experience for four community-based banks in Georgia. The primary goal of this transformation is to offer local customers high-quality digital services while maintaining the intimate local feel of their local banks.
Who Is Putnam Greene Financial Corporation?
Putnam Greene Financial Corporation is an Atlanta-based holding company for banks that has approximately $1 billion of assets, and four community banks that are independently chartered and are under the umbrella of its parent company. The banks are focused on serving small and local businesses, consumers, construction loans, and mortgage customers in rapidly expanding regional markets.
With the choice of a single platform, Putnam Greene Financial Corporation chose Jack Henry to bring the technological backbone of the four banks, while maintaining their local brands and their authority.
Meet the Four Banks Getting a Tech Upgrade
The decision made by Putnam Greene Financial Corporation regarding Jack Henry directly impacts the following four community banks:
- Farmers & Merchants Bank
- The Farmers Bank
- First Bank of Coastal Georgia
- The Citizens Bank of Cochran
Each bank will retain its own identity as a community; however, they will be sharing the same modern system that powers the day-to-day operations as well as digital channels.
Why Putnam Greene Financial Corporation Chose Jack Henry
If Putnam Greene Financial Corporation selects Jack Henry, the decision is not about the software itself – it’s about the long-term strategic plan and competitiveness. The company wanted a flexible, open, and scalable platform that would facilitate innovation, seamless connections with Fintech Partners, and a consistent user experience.
The reputation of Jack Henry for its excellent client service, a high rate of retention, and an open ecosystem has made it an appealing partner. This partnership will put Putnam Greene Financial Corporation in a position to select Jack Henry as a partner to assist in creating four banks that are “stronger together” from an operational and technology perspective.
What Jack Henry Will Actually Do for These Banks
Since Putnam Greene Financial Corporation selected Jack Henry, all four banks will switch to the Jack Henry cloud-based core that provides a single user interface for employees. This will help reduce manual labor, reduce complexity, and provide employees with the ability to assist customers more efficiently and precisely.
The API-friendly, open design lets banks integrate new technologies, such as analytics tools and digital capabilities, without tearing off the foundation each time. As time passes, this means Putnam Greene Financial Corporation selects Jack Henry to create an infrastructure that is future-proof and can adapt as customer needs and changes in regulations.
How Customers Benefit When Putnam Greene Financial Corporation Chooses Jack Henry
For the everyday customer, it is a good sign that Putnam Greene Financial Corporation chose Jack Henry, which should translate into a more seamless, contemporary banking experience. You can expect better online and mobile banking, quicker processing, and more consistent interactions, whether in a branch, via telephone, or via online channels.
Smaller businesses and borrowers can get faster decisions, better digital onboarding, and more convenient access to account details. Since Putnam Greene Financial Corporation selects Jack Henry as a single backbone, the latest features are available for all four banks simultaneously instead of being rolled out in individual, fragmented improvements.
Strengthening Community Banking in Georgia
By making sure Putnam Greene Financial Corporation selects Jack Henry, the management is betting on the fact that modern technology will be able to support but not substitute for relationship banking. The four banks will be able to keep their local decisions and personal touch while also benefiting from the efficiency and scale of the shared platform.
In the highly competitive Georgia markets, this move will help community banks to stay competitive against national and regional players that have significant investment in fintech. If Putnam Greene Financial Corporation selects Jack Henry, it conveys the message to the community that banking for communities and modern technology can be a perfect match.
About Jack Henry and the Bigger Industry Trend
Jack Henry is an S&P 500 financial technology firm that provides solutions for technology to more than 7,400 institutions across the United States. Many regional and community banks are now working in partnership with Jack Henry to modernize legacy cores, which is a sign of a wider trend towards digital transformation in banking.
This latest development, which sees Putnam Greene Financial Corporation choose Jack Henry, reinforces Jack Henry’s status as an ideal modernization partner for community-based institutions. It also demonstrates how the strategic decisions of core banks are increasingly important to banks’ ability to compete, innovate, and serve their customers in the digital-first age.
