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 & Associates (NASDAQ: JKHY) has partnered with NuData Security, a Mastercard company, to integrate advanced behavioral security into the Banno Digital Platform. This collaboration aims to enhance digital banking by accurately identifying genuine users while minimizing fraud risks. The technology analyzes 650 billion behavioral data points, blocking over 99% of automated fraud attempts. This initiative not only improves user experience but also reduces operational costs for financial institutions, addressing the growing sophistication of cyber threats in the digital banking landscape.
Jack Henry & Associates (NASDAQ: JKHY) announces that SAFE Federal Credit Union has successfully migrated to its Episys core platform, hosted in Jack Henry's private cloud. This $1.1 billion asset credit union completed the virtual conversion on May 15, 2020, overcoming pandemic-related challenges. SAFE sought better integration and efficiency to enhance service for its 126,000 members. The move to Symitar allows for improved operations and member service, alongside a flexible core solution that adapts to changing needs. The conversion represents a commitment to progress despite external pressures.