Ocean Bank says it chose the SilverLake system because of its broader core functionality in areas of commercial lending, financial reporting and cost analysis. Additionally, it expects the system to improve operating efficiency and competitive positioning, and to mitigate operational risk via Jack Henry’s regulatory compliance program.
Tony Wormington, president of Jack Henry & Associates, stated, we have a strict commitment to address dynamic compliance issues and to implement the
requirements imposed by banking regulators before the effective dates.
In addition to the SilverLake core system, Ocean Bank will install Jack Henry’s ‘Vertex Teller Automation’ product, ‘StreamLine Platform Automation’, ‘Intelligence Warehouse/Intelligence Manager’ (IW/IM) business intelligence and analysis platform, ‘RPM’ (relationship profitability management) enterprise-wide profitability application, and ‘Yellow Hammer Fraud Detective’ fraud detection and prevention system.
