Welcome to our dedicated page for Jack Henry & Associates news (Ticker: JKHY), a resource for investors and traders seeking the latest updates and insights on Jack Henry & Associates stock.
Jack Henry & Associates, Inc. reports developments for a financial technology company serving banks and credit unions with core processing, digital banking, payments, lending, fraud and anti-money-laundering, and data-integration capabilities. Company updates often cover client selections for outsourced core systems, the Banno Digital Platform, SilverLake, CIF 20/20, Core Director, Symitar, and third-party connections through the Jack Henry Fintech Integration Network.
Recurring news also includes quarterly earnings, deconversion revenue disclosures tied to client contract terminations after bank acquisitions, capital returns through dividends and share repurchases, credit-union and community-bank deployments, product recognition for Tap2Local, and executive participation in investor conferences.
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Jack Henry (Nasdaq: JKHY) has been chosen by three community banks—First Community Bank, Sunrise Bank, and Today's Bank—to enhance their banking services through its advanced technology solutions. These banks aim to provide improved user experiences for both retail and business customers, leveraging Jack Henry's scalable digital banking solution, Banno Business, set to launch in July 2023. First Community Bank, with assets of $450 million, plans to grow its business accounts by 10% annually, while Sunrise Bank aims for over 30% asset growth in the coming years. Today's Bank, a $300 million asset institution, seeks to strengthen its digital service strategy. Jack Henry's technologies will streamline operations, automate processes, and enhance customer engagement, supporting these banks in meeting their growth objectives.
Jack Henry & Associates (Nasdaq: JKHY) announced it will host a live Webcast for its Q3 fiscal year 2023 earnings conference call on May 3, 2023. The related earnings press release will be issued after market close on May 2, 2023. Interested parties can access the Webcast on Jack Henry's website beginning at 7:45 a.m. Central (8:45 a.m. Eastern). For dial-in participation, the US number is 833-630-0605, with international access at +1 412-317-1830. An archived replay will be available on the website approximately one hour after the call.
Jack Henry, a member of the S&P 500, has provided technology solutions to about 8,000 clients for over 46 years, focusing on user-centric innovation in the financial technology sector.
Jack Henry (Nasdaq: JKHY) announced that Georgia United Credit Union has launched a new digital banking platform aimed at enhancing member experiences. This $2 billion-asset credit union, operating since October 2022, provides custom-built services that align with growth goals. With the new platform, over 90% of existing users have transitioned, allowing for enhanced self-service options. The platform utilizes open-API infrastructure, enabling faster development and rollout of services. Feedback has been positive, with improved reliability and stability reported. Jack Henry emphasizes the role of open infrastructure in financial growth and member engagement.
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Jack Henry (Nasdaq: JKHY) has expanded its partnership with Farmers & Merchants Bank, a $1.25-billion asset community bank in Virginia. This collaboration aims to enhance F&M Bank's service offerings and operational efficiencies for retail and commercial accounts. The bank will utilize Jack Henry's Banno Business platform to facilitate business and agricultural accounts and deploy advanced treasury management services. F&M Bank, established in 1908, focuses on customer service, community involvement, and innovative banking solutions. This partnership underscores the importance of community banks and technology in providing essential financial services.
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SMA Technologies has expanded its partnership with Jack Henry to enhance operational efficiencies for banks using the SilverLake data center. This collaboration leverages SMA's OpCon Workload Automation & Orchestration to automate workflows for both banks and credit unions, meeting the growing demand for operational efficiency in the financial sector. According to a recent Jack Henry study, 44% of financial institution CEOs prioritize operating efficiency, with automation as a key element. This expanded relationship aims to provide seamless API connectivity, improving visibility and control for clients while automating critical processes.
Jack Henry & Associates announced that its Board Chair and CEO, David Foss, will present at the Wolfe Research FinTech Forum on March 14, 2023, at 2:30 p.m. Eastern time. A live webcast of the presentation will be available at this link. A replay can be accessed on Jack Henry's Investor Relations website after the live event. The company emphasizes its commitment to fostering relationships between financial institutions and clients, leveraging over 45 years of technological expertise.