U.S. banks and credit unions are switching mobile platform providers in droves — in fact 104 have done so in the last three months.

By far the largest financial institution to switch was Fayetteville, Ark.-based Arvest Bank with 235 branches, according to report provided to Bank Automation News by FI Navigator. The report does not specify which platform Arvest Bank adopted. Some of the larger deals by branch number include:

• $2.2 billion First International B&TC, 30 branches, based in Watford City, N.D., adopted Fiserv Mobiliti;
• $3.1 million Apple FCU, Fairfax, Va., 20 branches, adopted Connect FSS Emerge;
• $1.6 billion Credit Union of Texas, Allen, Texas, 20 branches, adopted Jack Henry’s Banno Mobile Banking;
• $1.1 billion Arkansas FCU, Little Rock, Ark., 19 branches, adopted Alkami’s ORB platform;
• $2.7 billion JSC Federal Credit Union, Houston, Texas, 19 branches, adopted Jack Henry’s Banno Mobile Banking;
• $1.3 billion DATCU, Denton, Texas, 13 branches, adopted Mahalo Technologies’ Mahalo Banking;
• $621.7 million ProFed Credit Union, Fort Wayne, Ind., 12 branches, adopted Mahalo Technologies’ Mahalo Banking; and
  $750 million First Bank Richmond, Richmond, Ind., 12 branches, adopted FIS’ FIS Mobile Banking

Great Southern Bank, TFCU of Texas and Buckey Community FCU choose Fiserv solutions

Fiserv announced new wins this quarter, including:

• $5.5 billion Great Southern Bank, based in Springfield, Miss., chose DNA from Fiserv, changing its core from Finastra;
• $847.5 million Teachers Federal Credit Union (TFCU), El Paso, Texas, chose DNA from Fiserv, changing its core from Jack Henry’s SilverLake core banking platform; and
• $123.5 million Buckeye Community FCU, Perry, Fla., chose Portico from Fiserv, changing its core from Jack Henry.

The core provider also had several key renewals, including $1.3 billion Middlefield Bank, based in Middlefield, Ohio, which renewed its Premier core from Fiserv, adding five more years for a total of six, and 16 solutions for a total of $11.3 million

Independent Financial selects Jack Henry to automate commercial lending

Independent Financial will expand its collaboration with Jack Henry to include the core provider’s digital lending platform, LoanVantage, to automate commercial loans for small- and medium-sized businesses.

Jack Henry announced the partnership on Tuesday. The McKinney, Texas-based Independent Financial is already leveraging Jack Henry’s core capabilities and was introduced to the digital lending platform after acquiring Guaranty Bancorp, a Jack Henry Lending user, in 2019. The $18.7 billion bank then decided to roll out the solution enterprisewide.

Independent Financial has seen rapid growth in recent years, expanding its geographic footprint and diversifying its client portfolio, most recently focusing on better serving small- and medium-sized businesses in its community. Its previous lending platform had cumbersome features that could not support its growth, according to Natalye Bollinger, senior vice president and director of credit systems and analytics at Independent Financial.

“We selected Jack Henry’s lending solution to help us grow our commercial loan portfolio and better support our middle-market customers who need a digital, flexible and efficient lending experience,” Bollinger said in a release. “With Jack Henry, we offer a modern, competitive experience start to finish; we are able to reduce costs while improving customer communication and service.”

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