Jack Henry™ Announces New Annual Award Recognition

Rhea-AI Summary

Jack Henry (JKHY) introduces the Cobalt Awards, recognizing financial institutions and fintechs for innovation, community dedication, and financial freedom efforts. The awards aim to inspire creativity and strengthen relationships within the industry, with categories like The Barrier Breaker, The Changemaker, and The Integrator. Winners will get various rewards, including a $10,000 charity donation and free event registrations.

Cobalt Award will recognize financial institutions and fintechs' commitment and innovation

MONETT, Mo., March 4, 2024 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announces the Cobalt Awards, a new award program that celebrates financial institution and fintech innovation, dedication to people and communities, and a passion for reducing barriers to financial freedom. 2024 is the first year of this program.

The Cobalt Awards are an opportunity for financial institutions and fintechs to be acknowledged for their creativity and imagination while also giving back to their communities. This initiative aims to inspire, motivate, and strengthen relationships by showcasing success stories.

There are three award categories:

• The Barrier Breaker – Recognizes one bank and one credit union winner for tearing down barriers to accountholder financial health
• The Changemaker – Recognizes one bank and one credit union winner for outstanding achievement using technology, services, and innovation to operate more efficiently
• The Integrator – Recognizes two fintech winners for helping improve the user experience and the financial health of consumers and businesses

To be eligible to participate, financial institutions must be existing Jack Henry customers; their entry submission should reference the use of at least one Jack Henry solution. Fintech entrants must be part of Jack Henry's ecosystem through the Developer Toolkit or Vendor Integration Program (VIP). All entries should be submitted with compelling storytelling, including quantifiable metrics.

This year, the judging panel will include seven Jack Henry executives. Winners will receive:

• A $10,000 donation to the charity of their choice
• Free registration and travel to Jack Henry Connect 2024 for up to four attendees (banks and credit unions only)
• Free booth registration with premium placement in the Jack Henry Connect 2024 Tech Hall (fintechs only)
• A Cobalt Award Trophy presented at Jack Henry Connect, a press release, a case study, and more

"We're excited to announce our new Cobalt Awards program, encouraging and inspiring financial institutions and fintechs to continue making a positive impact in their communities through people-inspired innovation," said Greg Adelson, president and COO of Jack Henry. "We look forward to celebrating those who are aligned with our mission and purpose to reduce barriers to financial health."

Submissions open April 1^st and close June 1^st. For more information, visit jackhenry.com/Cobalt-Awards. Winners will be publicly announced at this year's Jack Henry Connect in Phoenix.

About Jack Henry & Associates, Inc.^®
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 47 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.

Statements made in this news release that are not historical facts are "forward-looking statements." Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company's Securities and Exchange Commission filings, including the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.

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SOURCE Jack Henry & Associates, Inc.

FAQ

What are the Cobalt Awards introduced by Jack Henry (JKHY)?

The Cobalt Awards are a new program by Jack Henry (JKHY) celebrating financial institution and fintech innovation, dedication to people and communities, and efforts to reduce barriers to financial freedom.

What are the three award categories in the Cobalt Awards program by Jack Henry (JKHY)?

The award categories are The Barrier Breaker, The Changemaker, and The Integrator, recognizing different aspects of financial institution and fintech achievements.

How can financial institutions and fintechs participate in the Cobalt Awards by Jack Henry (JKHY)?

Financial institutions must be existing Jack Henry customers, while fintech entrants must be part of Jack Henry's ecosystem through the Developer Toolkit or Vendor Integration Program (VIP) to be eligible. Entries should include compelling storytelling and quantifiable metrics.

What rewards will the winners of the Cobalt Awards by Jack Henry (JKHY) receive?

Winners will receive a $10,000 donation to the charity of their choice, free registration and travel to Jack Henry Connect 2024, free booth registration with premium placement in the Jack Henry Connect 2024 Tech Hall, a Cobalt Award Trophy, a press release, and a case study.

When do submissions open and close for the Cobalt Awards by Jack Henry (JKHY)?

Submissions open on April 1st and close on June 1st. Winners will be publicly announced at Jack Henry Connect in Phoenix.