FM BANK and Quoin Financial Bank to Adopt Jack Henry Platform for $1B Assets
FM BANK and Quoin Financial Bank, with $1 billion in combined assets across nine branches, are migrating from in-house systems to Jack Henry’s outsourced core processing and Banno Digital Platform. This shift will standardize operations and provide integration with over 1,000 fintech tools to enhance digital and business banking services.
1. Client Selection
Independent Bancshares Inc.’s FM BANK and Quoin Financial Bank have selected Jack Henry to strengthen their technology infrastructure by deploying its core processing platform and Banno Digital Platform.
2. Bank Profiles and Assets
FM BANK operates six branches in rural Minnesota while Quoin Financial Bank runs three locations in South Dakota; together they hold close to $1 billion in assets and serve agricultural, small business, commercial, and residential real estate clients.
3. Platform Implementation
Both banks are transitioning from in-house systems to Jack Henry’s outsourced core platform, enabling standardized operations, streamlined workflows, and allowing staff to focus fully on customer service.
4. Fintech Integration and Outcomes
Jack Henry’s open API ecosystem will let the banks integrate with more than 1,000 third-party fintech tools, enhancing digital banking experiences and offering tailored solutions for retail and business customers.