Anchor Bank, MN
14665 Galaxie Ave Ste 100,
Apple Valley, 55124, MN,
United States
Apple Valley, 55124, MN,
United States
1 763-204-7000
Banking and Financial Services
Anchor Bank, MN Technographics
Anchor Bank, MN Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Anchor Bank, MN and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 35 Anchor Bank, MN employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Anchor Bank, MN has purchased the following applications: Jack Henry Banking SilverLake for Core Banking in 2016, DocMagic IDP for Intelligent Document Processing in 2021, Salesforce Audience Studio for Data Management Platform in 2021 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Anchor Bank, MN is running and its propensity to invest more and deepen its relationship with Jack Henry & Associates , DocMagic , Salesforce or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Anchor Bank, MN revenues, which have grown to $4.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Anchor Bank, MN intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Anchor Bank, MN Tech Stack and Enterprise Applications
Anchor Bank, MN ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Jack Henry & Associates | Fiserv Cleartouch Bank Platform | Jack Henry Banking SilverLake | Core Banking | ERP Services and Operations | n/a | 2016 | 2016 |
In 2016 Anchor Bank implemented Jack Henry Banking SilverLake, replacing the Fiserv Cleartouch Bank Platform. The deployment targeted the bank's Core Banking functions and was operated from the Apple Valley, MN site to support loan operations, deposit processing, document research, and records management.
The Jack Henry Banking SilverLake implementation covered core account processing and loan servicing workflows consistent with Core Banking capabilities, and was used to research cold storage files and support post closing document review. Staff used Jack Henry Banking SilverLake alongside Real Vision for imaging and indexing, and MS Word and Excel for document review and analysis, reflecting an integrated document to core account workflow.
Operational governance included a detailed document taxonomy used during indexing, with over 290 approved document types maintained in Real Vision as part of post closing quality review processes. Training and change management activities were led internally, with personnel facilitating Real Vision training for bank staff and business users participating in user acceptance testing and post production smoke tests to validate SilverLake processing against loan and deposit documentation standards.
Day to day use emphasized quality control in loan, lease, and deposit document handling, research of archived files through Jack Henry Banking SilverLake, and ongoing support for business users during UAT and production stabilization. The implementation narrative centers on system integration for document centric workflows within the Core Banking environment at Anchor Bank.
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Anchor Bank, MN Content Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| DocMagic | Legacy | DocMagic IDP | Intelligent Document Processing | Content Management | n/a | 2021 | 2021 |
In 2021, Anchor Bank, MN implemented DocMagic IDP to support its Loan Operations department. DocMagic IDP was provisioned as the bank's Intelligent Document Processing solution to centralize document intake, route work, and standardize document handling across loan officers, loan operations staff, and department managers.
The implementation emphasized modules and capabilities common to Intelligent Document Processing deployments, including document ingestion and capture, OCR and automated classification, key data extraction and validation, data normalization, and workflow orchestration tied to loan processing checklists. Configuration work included user security roles and system parameters aligned to the bank’s documented loan operations procedures and operational checklists used by Loan Specialists and lending staff.
The DocMagic IDP deployment was operated alongside the bank’s loan software such as FIS-Banc Pac and LaserPro to support downstream loan workflows, reporting, and review processes. Operational coverage included tasks referenced in loan operations, for example escrow processing and payments, annual reviews for residential and commercial loans, interest rate change reviews and accrual adjustments, and preparation of monthly and quarterly loan portfolio production and statistical reports for Senior Management and the Board of Directors.
Governance and rollout responsibilities centered on training loan operations specialists and lending staff on software updates and enhancements, maintaining workflow forms and checklists within the system, managing user security access, and serving as the department liaison during external audits, loan reviews and regulatory examinations. Ongoing program governance required monitoring compliance with bank policies and regulatory rules, documenting procedures in writing, and coordinating with system providers to verify enhancements and train staff on changes.
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Anchor Bank, MN CRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Salesforce | Legacy | Salesforce Audience Studio | Data Management Platform | CRM | n/a | 2021 | 2021 |
In 2021, Anchor Bank implemented Salesforce Audience Studio on its website. Salesforce Audience Studio serves as a Data Management Platform to capture first party website behavior and assemble audience profiles for the bank's digital channels.
The deployment is a cloud-hosted, tag-based implementation embedded in site pages and configured to collect page and event level signals. Configuration focused on audience segmentation, profile stitching and list generation capabilities common to the Data Management Platform category, with rules and segments authored for digital marketing use cases.
Operational coverage is centered on the Anchor Bank website and the bank's digital marketing workflows, with marketing and digital teams consuming audience definitions for online engagement and campaign activation. No external integration vendors are named, the implementation is described as directly instrumented on the site to support analytics and marketing activation processes.
Governance was structured around centralized segment management, data collection policies and consent aligned to site interactions, with marketing owning segment definitions and privacy controls. The narrative reflects a small bank scale deployment where Salesforce Audience Studio is the primary Data Management Platform supporting marketing and digital engagement on the corporate website.
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Marketing Automation | CRM |
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2021 | 2021 |
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Anchor Bank, MN TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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AML, Fraud and Compliance | TRM |
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2021 | 2021 |
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Anchor Bank, MN IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Content Delivery Network | IaaS |
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2022 | 2022 |
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Anchor Bank, MN CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Secure Email Gateways (SEGs) | CyberSecurity |
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2019 | 2019 |
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IT Decision Makers and Key Stakeholders at Anchor Bank, MN
| First Name | Last Name | Title | Function | Department | Phone | |
|---|---|---|---|---|---|---|
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SVP Loan Operations | VP | Operations | |
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SVP of Operations | VP | Operations | |
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Senior Vice President, BSA Officer, CAMS Certified | VP | Operations | |
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Executive Vice President & Chief Financial Officer | CXO | Finance | |
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Apps Being Evaluated by Anchor Bank, MN Executives
APPS RUN THE WORLD tracks software evaluation trends across 2 million companies worldwide, including buyer insights from Anchor Bank, MN IT executives and key decision makers. As part of ARTW Buyer Intent and technographics insights, these findings provide useful visibility into the Anchor Bank, MN digital transformation priorities and AI adoption trends.
| Date | Company | Status | Vendor | Product | Category | Market |
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| No data found | ||||||
FAQ - APPS RUN THE WORLD Anchor Bank, MN Technographics
Anchor Bank, MN is a Banking and Financial Services organization based in United States,
with around 35 employees and annual revenues of $4.0 million.
Anchor Bank, MN operates a diverse technology stack with applications such as
Jack Henry Banking SilverLake, DocMagic IDP and Salesforce Audience Studio,
covering areas like Core Banking, Intelligent Document Processing and Data Management Platform.
Anchor Bank, MN has invested in cloud applications and AI-driven platforms to optimize efficiency and growth,
collaborating with vendors such as Jack Henry & Associates, DocMagic and Salesforce.
Anchor Bank, MN recently adopted applications including
Akamai CDN in 2022, DocMagic IDP in 2021 and Salesforce Audience Studio in 2021,
highlighting its ongoing modernization strategy.
APPS RUN THE WORLD maintains an up-to-date database of Anchor Bank, MN’s key decision makers and IT executives,
available to Premium subscribers.
Our research team continuously updates Anchor Bank, MN’s profile with verified software purchases,
vendor relationships, and digital initiatives identified from public and proprietary sources.
Subscribe to APPS RUN THE WORLD to access the complete Anchor Bank, MN technographics profile,
including detailed breakdowns by category, vendor, and IT decision makers.