MeridianLink and Jack Henry have expanded their existing relationship to extend the MeridianLink One platform solutions to community banks and credit unions.
This collaboration aims to bolster digital lending and account opening processes while enhancing consumer experiences. Jack Henry will now resell MeridianLink’s suite of solutions, including MeridianLink Mortgage and MeridianLink Consumer, building on a 15-year partnership that has served over 500 financial institutions.
Jack Henry president and CEO Greg Adelson said: “By working with industry leaders like MeridianLink, we help community banks and credit unions meet their evolving consumer needs faster.
“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.”
The partnership expansion introduces additional functionalities in consumer and mortgage lending, enabling financial institutions to advance operations in account opening, application processing, and loan origination.
This integration aims to streamline processes while enhancing cross-selling opportunities by using the comprehensive banking software solution offered by MeridianLink One.
MeridianLink president and CEO designate Larry Katz said: “Financial institutions are modernising their platforms and adopting new capabilities to serve changing consumer needs.
“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.”
MeridianLink’s platform covers various aspects of the digital lending journey, from account opening and loan origination to credit reporting and data access. The integration of these services seeks to enhance operational efficiency by reducing the need for disparate financial offerings.
MeridianLink is engaged in powering digital lending solutions for financial institutions and fintech companies, facilitating workflow simplification and improved user experiences. Similarly, Jack Henry provides technology solutions aimed at fostering innovation and strategic differentiation for approximately 7,500 clients.
Recently, MeridianLink agreed to be acquired by Centerbridge Partners in a deal that values the company at approximately $2bn. Upon closure of this transaction, MeridianLink will transition into a private entity.
The acquisition involves a cash offer of $20 per share, marking a 26% premium over the prior trading day’s closing price before the transaction announcement.
