Jack Henry & Associates Stock Price, News & Analysis

Jack Henry & Associates (Nasdaq: JKHY) will host a live Webcast of its second quarter fiscal year 2023 earnings conference call on February 8, 2023, at 7:45 a.m. Central time. The related earnings announcement will be released on February 7, 2023, after market close. Investors can access the Webcast via the company's website, with dial-in options available for US and international participants. An archived replay will be accessible approximately one hour after the call. Jack Henry provides technology solutions to nearly 8,000 clients in the financial services sector, enhancing connectivity and competition.

Jack Henry (Nasdaq: JKHY) recently announced a partnership with greenpenny, a digital bank focused on sustainable energy lending. This collaboration aims to enhance automation and boost efficiencies at greenpenny, enabling personalized customer experiences through digital channels. Greenpenny has financed around 1,100 solar projects, offsetting nearly 33,000 tons of CO2 annually since its launch in 2021. The agreement will provide greenpenny with access to Jack Henry's comprehensive technology suite, supporting its growth in the renewable energy sector. This partnership aligns with greenpenny's mission to facilitate the green energy transition in the Midwest.

Jack Henry (Nasdaq: JKHY) announced its commitment to set science-based climate targets by signing a letter with the Science Based Targets initiative (SBTi). This initiative aligns with the Paris Agreement goals to limit global warming to 1.5 degrees Celsius. CEO David Foss emphasized that this commitment supports the company's long-term sustainability and stakeholder value. The detailed Low Carbon Transition Plan will be further elaborated in the upcoming 2023 Sustainability Report, scheduled for release on March 31, building upon the findings from the 2022 Sustainability Report.

Jack Henry (Nasdaq: JKHY) has announced the expansion of its credit card offerings through a partnership with TIB, N.A., aiming to facilitate community banks in issuing credit cards. This program addresses common barriers such as financial and operational risks, thereby enhancing card approval and usage rates. TIB, the largest bankers' bank in the U.S. with over $3 billion in assets, will support approximately 1,400 community banks. The initiative aims to drive recurring revenue for financial institutions and meets the growing demand for modern credit card programs. Jack Henry's additional services include debit processing and custom advisory for credit card programs.

Jack Henry (Nasdaq: JKHY) has announced that L&N Federal Credit Union has chosen its Symitar platform to enhance its operations as it approaches $2 billion in assets. This decision aims to streamline the credit union's technology processes and improve member services for over 100,000 members in Kentucky. The open platform allows for better fintech integration, helping the credit union offer tailored financial solutions. Executives from both organizations expressed optimism about the partnership, emphasizing commitments to innovation and community-focused services.

Jack Henry (NASDAQ: JKHY) announced that four financial institutions utilizing its web hosting and design services received prestigious WebAwards. P1FCU won 'Best Credit Union Website' for the third consecutive year, while Pelican State Credit Union earned 'Outstanding Website.' Peapack-Gladstone Bank and Carver Bank achieved 'Bank Standard of Excellence.' These accolades highlight Jack Henry's role in enhancing digital experiences for community financial institutions and improving their marketing capabilities, as evidenced by increased digital applications and business loans.

Jack Henry (Nasdaq: JKHY) has launched a new policy management solution as part of its Governance, Risk and Compliance (GRC) Suite. This tool aims to enhance efficiency and transparency in policy management for community financial institutions by streamlining the policy life cycle, including creation, review, and approval processes. It also incorporates an interactive dashboard for real-time insights into policy status. With the growing need for compliance amidst regulatory changes, this solution is designed to support financial institutions in managing policies effectively.

Jack Henry has been recognized as one of the best places to work in IT for 2023 by Computerworld, ranking 52^nd among large companies. This accolade marks the company's 11^th consecutive year on the list. CEO David Foss highlighted the company's commitment to developing innovative solutions and fostering a rewarding work environment for IT professionals. The recognition reflects Jack Henry's investment in staff, diversity initiatives, and increased IT staffing to meet evolving business needs.

Glia announced its integration with Jack Henry's Banno Digital Platform, enhancing Digital Customer Service capabilities for community banks and credit unions. This partnership allows institutions to engage customers through various digital channels, including SMS, chat, voice, and video banking. Additionally, Glia's recent acquisition of Finn AI unifies their offerings, improving customer satisfaction and operational efficiency. The integration supports Jack Henry's extensive ecosystem, benefiting around 8,000 financial institutions.