Jack Henry Launches Banno Business Cloud-Native Platform for SMB Banking

On January 25, 2024, Jack Henry unveiled Banno Business, a cloud-native platform aimed at helping community and regional financial institutions better serve small-to-medium businesses. The solution packages business banking capabilities including cash management, payments, and commercial lending into a unified digital experience. Embedded payment capabilities, cash flow tools, and reporting features are central to the platform's value proposition.

The platform integrates with Finicity from Mastercard to provide SMB customers with a complete view of their finances in one place. Banno Business represents Jack Henry's push to enable smaller financial institutions to compete with larger banks and fintech challengers in the SMB banking space. The launch reflects the growing trend of embedding financial services directly into banking platforms to improve customer experience and retention.