MeridianLink, Inc. (NYSE: MLNK), a leading provider of lending software platforms for financial institutions, and Jack Henry (Nasdaq: JKHY) today announced an expansion of their existing relationship to accelerate innovation, deliver best-in-class consumer experiences, and drive successful consumer outcomes for community banks and credit unions throughout the account opening and lending customer lifecycle.
Going forward, Jack Henry will resell the suite of MeridianLink® One platform solutions, including MeridianLink® Mortgage and MeridianLink® Consumer. The expanded collaboration builds upon the successful 15-year alliance to jointly serve over 500 banks and credit unions and new joint customers by transforming digital lending and account opening experiences for both consumers and staff.
“Financial institutions are modernizing their platforms and adopting new capabilities to serve changing consumer needs,” said Larry Katz, President and Chief Executive Officer designate of MeridianLink. “Our expanded relationship underscores the power of our integrated offering and the ability of our platform to deliver differentiated outcomes for banks and credit unions. Additionally, our collaboration now includes the full capabilities of the MeridianLink One platform.”
The expanded alliance between MeridianLink and Jack Henry includes additional capabilities that extend across consumer and mortgage lending, empowering financial institutions to securely and reliably enhance account opening, application processing, loan origination, and cross-selling experiences.
“By working with industry leaders like MeridianLink, we help community banks and credit unions meet their evolving consumer needs faster,” said Jack Henry President and Chief Executive Officer Greg Adelson. “Our longstanding collaboration has delivered tremendous value for our growing ecosystem, and we look forward to our ability to now offer extended capabilities of the MeridianLink One platform.”
MeridianLink One empowers financial institutions to develop lifelong financial management relationships to support a consumer’s entire financial journey by using a comprehensive banking software solution. The platform spans the entire digital lending journey from deposit account opening, consumer and mortgage loan origination, credit reporting, data access and verification, business consulting, analytics, collections and scoring. Seamless integrations eliminate the need to seek out disparate financial offerings and reduce silos, while increasing efficiencies.
