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) announced collaboration with Victor Technologies and MVB Bank to enhance its instant payments strategy. MVB Bank is the first to implement RTP Send capabilities via The Clearing House's RTP® network, allowing real-time payments. Victor, a subsidiary of MVB Edge Ventures, is instrumental in managing fintech partnerships. The addition of RTP functionality aims to meet consumer and business payment needs while providing competitive advantages in sectors like gaming and crypto. This partnership underlines Jack Henry's commitment to innovative financial solutions.
Jack Henry (NASDAQ: JKHY) announced that over 200 banks and credit unions are utilizing its new Forecasting and Financial Reporting tool. This solution helps automate financial forecasting and reporting, allowing institutions to create efficient models in a fluctuating economic landscape. The tool enables users to analyze standardized data, generate budgets, and conduct 'what-if' scenarios effortlessly. Executives emphasize its importance for strategic operational planning and enhancing financial health.
Jack Henry & Associates announced that LINKBANCORP selected them to enhance banking services in Central and Southeastern Pennsylvania. Founded in 2018, LINKBANCORP has achieved over $1 billion in assets following a merger. The partnership will utilize Jack Henry's digital banking solutions, including the Banno Digital Platform and LoanVantage. LINKBANCORP aims to improve operational efficiency and customer service through technology, leveraging industry partnerships to remain competitive. This collaboration emphasizes relationship-based banking for both commercial and retail clients.
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Jack Henry & Associates (NASDAQ: JKHY) is enhancing faster payment solutions for over 250 regional and community financial institutions through its JHA PayCenter™. This proprietary hub connects to the RTP® network and Zelle Network®, streamlining access to faster payment options. Since its 2018 launch, JHA PayCenter has processed over $2 billion in transactions. Currently, more than 170 clients are live on RTP, and Zelle is projected to process over $3 billion by year-end 2022. Jack Henry is also collaborating with the Federal Reserve on the FedNow network.
Jack Henry & Associates (NASDAQ: JKHY) has been recognized as one of the 2022 Best Places to Work in Kentucky, ranking 14th in the large company category. This marks the tenth consecutive year the company has received this accolade, reflecting its commitment to workplace culture and professional growth. The award is based on comprehensive employee and employer surveys assessing workplace practices and policies. Jack Henry employs over 300 people in Kentucky and offers innovative solutions specifically for the financial services sector.
Jack Henry & Associates (NASDAQ: JKHY), a leading provider of technology solutions for the financial services sector, announced its executives will present at several investor conferences in June 2022. Notably, David Foss, CEO, will speak at the Morgan Stanley US Financials Conference on June 13 at 10:15 am ET and the RBC Capital Markets FinTech Conference on June 14 at 11:20 am ET. Kevin Williams, CFO, will present at the Nasdaq Investor Conference on June 14 at 4:00 am ET. Webcasts of these events will be available for later viewing.
Jack Henry & Associates (NASDAQ: JKHY) has been recognized for the fifth consecutive year as one of the 2022 Best Places to Work in Financial Technology by Arizent and Best Companies Group. The evaluation included workplace policies, employee satisfaction, benefits, and demographics across 50 participating companies. With approximately 6,800 employees and serving 8,000 clients, Jack Henry stands out as the largest company on this year’s list. CEO David Foss emphasized the company's commitment to employee welfare and a supportive culture, key to their mission in financial health.
Member Driven Technologies (MDT) has integrated DeepTarget's engagement tools into the Banno Digital Platform, enhancing digital banking experiences for credit unions. Early adopters, such as Altana FCU and LAFCU, utilize these tools for personalized messaging and improved member engagement. The integration aims to improve product cross-sales and member loyalty within a robust digital banking environment. MDT emphasizes the importance of personalization in digital interactions to drive member satisfaction and competitive differentiation.
Jack Henry & Associates (NASDAQ: JKHY) announced that David Foss, CEO, will present at two significant investor conferences in June 2022. The first will be at the Bernstein's 38th Annual Strategic Decisions Conference on June 1, 2022, at 9:00 am ET. The second presentation is at the Baird 2022 Global Consumer, Technology & Services Conference on June 7, 2022, at 12:15 pm ET. Webcasts of both presentations will be available for live viewing and replays on the company’s investor relations website.