Jack Henry

Jack Henry Banking Risk Management

Composite Score

7.3 /10

CX Score

7.7 /10

5 Reviews Write a Review

Get Demo

In Partnership With SelectHub

Claim Software

What is Jack Henry Banking Risk Management?

Banks must proactively manage risk and protect their customers’ mission-critical information. They also must be prepared to conduct business in the event of temporary business interruptions or natural disasters. Jack Henry Banking provides a suite of information security and risk management solutions that enables banks to balance business opportunities with inherent risks by leveraging proven business tools and industry best practices.

Company Details

Book a Free Demo Today!

See it in action with a free demo.

Click below to sign up on our partner's website.

Get Demo

In Partnership With SelectHub

Jack Henry Banking Risk Management Ratings

Real user data aggregated to summarize the product performance and customer experience.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

88 Likeliness to Recommend

100 Plan to Renew

89 Satisfaction of Cost Relative to Value

{y}

{name}

Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+87 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Jack Henry Banking Risk Management?

0% Negative

6% Neutral

94% Positive

Pros

Helps Innovate
Trustworthy
Inspires Innovation
Includes Product Enhancements

Feature Ratings

Average 82

Anti Money Laundering

Credit Risk Management

Transaction Monitoring

Analytics and Reporting

Regulatory Compliance and Audit

Market Risk Management

Fraud Management

Asset Liability Management

Policy Management

Cheque Management

Stress Tests

Vendor Capability Ratings

Average 84

Business Value Created

Usability and Intuitiveness

Breadth of Features

Product Strategy and Rate of Improvement

Ease of IT Administration

Ease of Customization

Ease of Implementation

Quality of Features

Ease of Data Integration

Vendor Support

Availability and Quality of Training

Jack Henry Banking Risk Management Reviews

Freda H.

Role: Operations
Industry: Banking
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Oct 2024

Jack Henry Banking Risk Management Outperforms.

Likeliness to Recommend

9 /10

What differentiates Jack Henry Banking Risk Management from other similar products?

Jack Henry has formed alliances and partners providing integrated solutions Redi, and IRisk are a few known throughout the industry, offering specialized insights advanced technologies to protect institutions against financial crimes and fraud. Their Risk management provides integrated frameworks, consolidated activities which builds informed information while compiling data for decision making.

What is your favorite aspect of this product?

Automated tools that assist with interest rates, market, credit risk and liquidity on both sides of the balance sheets for expedited solutions upon request.

What do you dislike most about this product?

Check management functionality can be enhanced seems slightly behind in control measures and operational procedures

What recommendations would you give to someone considering this product?

Request a limited trial of the software with options to purchase or ask for an extensive demonstration with Q&A from management, Associate the cost of conducting business as it relates to the expenses of buying the software, determine utilization measures early that reflect how and why the purchase will benefit the company.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Andru B.

Role: Operations
Industry: Banking
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted May 2024

Decent product, easy to use

Likeliness to Recommend

9 /10

What differentiates Jack Henry Banking Risk Management from other similar products?

I would say the main thing that differentiates Jack Henry products from other similar products is the ability to export files in compatible formats to be used across other programs in an efficient and user-friendly way.

What is your favorite aspect of this product?

My personal favorite aspect of Jack Henry products is the fraud detection features. The risk protocols written into the software hello Jack Henry products to detect potential fraudulency with greater scrutiny then a lot of softwares available on the market, not to mention the fact that Jack Henry products evaluate potential fraudulency with greater scrutiny than the average end-user would in the course of examining banking activity.

What do you dislike most about this product?

I would say the only thing I dislike about this product, or more accurately, this line of products is the lack of consistent reliability in functioning. Jack Henry products have a bad habit of cutting out due to server connection timeouts at the worst time.

What recommendations would you give to someone considering this product?

I would say that if you are looking for a single product with a number of features that works in conjunction with almost every other ACH processing software on the market, Jack Henry products are very useful.

Pros

Performance Enhancing
Efficient Service
Effective Service
Saves Time

Jack Henry Banking Risk Management

What is Jack Henry Banking Risk Management?

Company Details

Book a Free Demo Today!

Jack Henry Banking Risk Management Ratings

88 Likeliness to Recommend

100 Plan to Renew

89 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+87 Net Emotional Footprint

How much do users love Jack Henry Banking Risk Management?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Anti Money Laundering Includes suspicious behavior identification, currency transaction reporting, case management and customer due diligence checks.

Credit Risk Management Includes credit assessment, credit scoring, and credit risk analysis.

Transaction Monitoring Includes Know Your Customer (KYC), cash deposits and withdrawals, wire transfers, and ACH activity management.

Analytics and Reporting Includes historical & real-time dashboard visualizations, detailed & summary reporting and easy data extraction for data analysis.

Regulatory Compliance and Audit Ability to adhere to laws, regulations, guidelines, and specifications relevant to the business. Ability to store documents and trails for audit access.

Market Risk Management Includes equity risk, currency risk, and commodity risk.

Fraud Management Includes identity theft protection, fraud alerts, payer authentication, and fraud investigations.

Asset Liability Management Includes interest rate risk, liquidity risk, and funding and capital management.

Policy Management Solution centralizes policies, standards, and procedures mapped to regulations or best-practices (PCI-DSS, ISO/IEC, HIPAA, etc.) with built-in templates.

Cheque Management Includes cheque printing, cheque tracking, cheque payment processing, and cheque verification.

Stress Tests Includes crisis simulations, scenario generation, and scenario analysis.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Jack Henry Banking Risk Management Reviews

Freda H.

Jack Henry Banking Risk Management Outperforms.

Likeliness to Recommend

Pros

Andru B.

Decent product, easy to use

Likeliness to Recommend

Pros

Feature Ratings

Anti Money Laundering

Credit Risk Management

Transaction Monitoring

Analytics and Reporting

Regulatory Compliance and Audit

Market Risk Management

Fraud Management

Asset Liability Management

Policy Management

Cheque Management

Stress Tests

Vendor Capability Ratings

Business Value Created

Usability and Intuitiveness

Breadth of Features

Product Strategy and Rate of Improvement

Ease of IT Administration

Ease of Customization

Ease of Implementation

Quality of Features

Ease of Data Integration

Vendor Support

Availability and Quality of Training