MeridianLink Inc has expanded its 15-year partnership with Jack Henry to enhance digital lending solutions for community banks and credit unions. The collaboration will see Jack Henry resell MeridianLink's platform solutions, including MeridianLink Mortgage and MeridianLink Consumer, to improve digital lending and account opening processes. This strategic move has the potential to drive significant growth for both companies and capitalize on the increasing trend of digital transformation within the banking industry.
MeridianLink Inc. (NYSE: MLNK) and Jack Henry (Nasdaq: JKHY) have expanded their 15-year partnership to enhance digital lending solutions for community banks and credit unions. Under the new agreement, Jack Henry will resell MeridianLink's platform solutions, including MeridianLink Mortgage and MeridianLink Consumer, to improve digital lending and account opening processes [1][2][3][4].
The expanded collaboration builds upon the companies' existing alliance, which currently serves over 500 financial institutions. This strategic move has the potential to drive significant growth for both companies and capitalize on the increasing trend of digital transformation within the banking industry.
Larry Katz, President and Chief Executive Officer designate of MeridianLink, stated, "Financial institutions are modernizing 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."
Greg Adelson, President and Chief Executive Officer of Jack Henry, added, "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 MeridianLink One platform provides financial institutions with tools spanning the digital lending journey, including deposit account opening, consumer and mortgage loan origination, credit reporting, data verification, analytics, and collections. By reselling these solutions, Jack Henry aims to empower community banks and credit unions to enhance their digital capabilities and improve customer experiences [1][2][3][4].
The expanded partnership comes at a time when both companies are experiencing strong financial performance. MeridianLink reported a 42.9% gross profit margin and has consistently raised its dividend for 21 consecutive years. Additionally, Jack Henry's fourth-quarter earnings for fiscal year 2025 exceeded analysts' expectations, with earnings per share of $1.75, surpassing the projected $1.55 [2].
In conclusion, the expanded partnership between MeridianLink and Jack Henry is a strategic move that aims to capitalize on the growing demand for digital transformation within the banking industry. By reselling MeridianLink's platform solutions, Jack Henry seeks to empower community banks and credit unions to improve their digital capabilities and enhance customer experiences.
References:
[1] https://www.morningstar.com/news/business-wire/20250821619283/meridianlink-and-jack-henry-expand-strategic-reseller-relationship-to-include-meridianlink-one-platform-solutions-for-community-banks-and-credit-unions
[2] https://www.investing.com/news/company-news/meridianlink-and-jack-henry-expand-partnership-to-enhance-digital-lending-93CH-4205523
[3] https://www.marketscreener.com/news/meridianlink-jack-henry-expanding-reseller-relationship-ce7c50dad88ff724
[4] https://www.marketwatch.com/story/meridianlink-jack-henry-expand-strategic-reseller-relationship-3a90d5b3
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