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.
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 52nd among large companies. This accolade marks the company's 11th 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.
Jack Henry (Nasdaq: JKHY) has been selected by TIB, N.A., the largest bankers' bank in the U.S., to provide a new technology infrastructure. This partnership enables TIB to support nearly 1,400 community banks across all states, enhancing their ability to compete with larger financial institutions and fintechs. TIB will transition from a proprietary core system to Jack Henry's outsourced technology model, improving operational efficiency and scalability, which positions TIB for future growth, especially in high-demand services like real-time payments.
Atomic, a leader in payroll connectivity, has integrated its direct deposit setup solution, Deposit, into Jack Henry’s digital banking platform. This collaboration offers financial institutions a streamlined method for customers to manage direct deposits effortlessly. Soft launched in July 2022, the solution enables users of Jack Henry's Banno platform to activate the Deposit plugin quickly. Atomic aims to assist marginalized consumers and help institutions enhance their offerings.
Jack Henry & Associates (Nasdaq: JKHY) has announced its participation in two upcoming investor conferences. CEO David Foss and CFO Mimi Carsley will present at the Credit Suisse 26th Annual Technology Conference on November 29, 2022, at 1:40 p.m. Eastern time. Additionally, Foss will speak at the Nasdaq 47th Investor Conference in London on December 6, 2022, at 8:30 a.m. Eastern time. Live webcasts will be available for both events, and replays can be accessed on Jack Henry's Investor Relations website following the presentations.