Jack Henry & Associates continue to expand its commercial banking solutions with the acquisition of Agiletics, Inc.
Agiletics, Inc. provides an array of proven solutions that help banks of all sizes gather commercial deposits by better serving their business customers and attracting new ones. Two of Agiletics’ solutions are particularly important to JHA and ultimately our bank clients.
Agiletics Escrow System processes escrow accounts, including landlord/tenant, attorney/trust, real estate, title company, developer, surrogate, resident care, and more. It supports flexible options for interest accruals and interest sharing between customers and escrow accounts and accommodates state-specific processing requirements. Flexible statements can be generated in multiple formats and media, and an optional module supports customer self-servicing of escrow sub-accounts from creation, management, and closure.
Agiletics Investment System processes a variety of money market security investments for bank customers and supports automated sweeps between investment and DDA accounts to help manage cash and investment portfolios. It fully automates short-term investing of available sweep balances in multiple repos, fed funds, money marketing savings accounts, commercial paper, master notes, Eurodollars, mortgage-backed securities, and other types of money market securities. Direct online investments are supported with securities accounting and automated collateral management.