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. (JKHY) delivers core banking technology and digital solutions to financial institutions nationwide. This news hub provides investors and industry professionals with essential updates about the company's strategic developments and market position.
Access timely press releases, earnings reports, and product innovation announcements in one centralized location. Our curated collection simplifies tracking regulatory filings, partnership disclosures, and operational milestones relevant to JKHY's role in financial technology infrastructure.
Key updates include system enhancements for credit unions, risk management tool deployments, and digital banking platform expansions. All content is sourced from official channels to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined monitoring of JKHY's technological advancements and industry contributions. Regular updates provide critical insights for evaluating the company's performance in the competitive fintech sector.
Jack Henry & Associates (NASDAQ: JKHY) has expanded its partnership with Autobooks to enhance payment and invoicing capabilities within its Banno Digital Platform. Over 500 community banks and credit unions, along with 5 million users, will gain access to improved tools aimed at supporting local businesses. This partnership positions Jack Henry as the first major fintech provider to integrate these services, allowing businesses to manage payments and invoices seamlessly. This initiative aims to improve cash flow and increase revenue for financial institutions by offering essential digital tools to small businesses.
Jack Henry & Associates (NASDAQ: JKHY) announced that One Florida Bank and Gulfside Bank, based in Florida, are successfully meeting growth goals with its support. One Florida Bank, with over $950 million in assets, aims to become a $1 billion institution within three years by leveraging Jack Henry's digital solutions. Gulfside Bank has exceeded its asset projections by 30%, currently holding $215 million, and differentiates itself through technology. Jack Henry emphasizes its commitment to supporting community banks in competing against larger institutions, enhancing local economies.
Jack Henry (NASDAQ: JKHY) announced a partnership with Merchant's PACT on July 26, 2021, aimed at enhancing merchant services for banks and credit unions. This collaboration provides access to flexible, customizable consulting services and various payment processor options. The initiative is designed to help smaller financial institutions compete effectively by offering robust merchant solutions. The partnership leverages MPACT's expertise in optimizing payment strategies and supports Jack Henry's evolving open strategy.
Jack Henry & Associates (NASDAQ: JKHY) announced that its Chief Risk Officer, Charlie Wright, has been appointed as the board chair of The Institute of Internal Auditors (IIA) Global Board. With over 35 years of experience, Wright has been integral to IIA, serving since 2014. As board chair, he will lead the Global Board and discuss the impact of technology on the internal audit profession. David Foss, Jack Henry's CEO, praised Wright's leadership abilities, emphasizing the strategic alignment between Wright's role at IIA and Jack Henry's objectives.
Jack Henry & Associates (NASDAQ: JKHY) announced a new board appointment and leadership change effective July 1, 2021. Curtis Campbell, previously with Blucora, Inc. (NASDAQ: BCOR), joins as a board member, bringing significant technology and customer experience expertise. David Foss, current president and CEO, will serve as the new board chair, following the retirement of Jack Prim. Foss, with over 22 years at Jack Henry, believes combining the roles of CEO and board chair will benefit stakeholders and align strategic objectives.
Jack Henry & Associates (NASDAQ: JKHY) announced that Rusiru Gunasena, managing director of operations for JHA PayCenter, has been appointed to the U.S. Faster Payments Council Board Advisory Group. This group focuses on promoting faster payment solutions in the U.S. Currently, over 130 banks and credit unions utilize JHA PayCenter, with an additional 200 institutions contracted. The platform supports near-real-time payments and will connect to future networks like FedNow. Gunasena brings over 20 years of experience in the payments industry, emphasizing the growth and maturity of faster payments.
On June 24, 2021, Land Gorilla announced its participation in the Jack Henry Banking Vendor Integration Program (VIP). This collaboration will enable Land Gorilla to integrate its construction loan management software with Jack Henry's core platforms, including SilverLake System, CIF 20/20, and Core Director. This integration aims to enhance operational efficiencies and improve accuracy and timeliness in transaction data. Land Gorilla's CEO, Sean Faries, emphasized that this partnership will facilitate faster disbursement of construction loans, ultimately boosting profitability for financial institutions.
Jack Henry & Associates (NASDAQ: JKHY) announced that The National Bank of Indianapolis has migrated to its SilverLake System core to enhance efficiency and meet growing demand. With $2.5 billion in assets, the bank opted for a remote migration, leveraging Jack Henry's private cloud environment for automation. The migration was highlighted as a significant success, allowing the bank to utilize advanced functionalities and improve customer service with the Banno Digital Platform. This transition is aimed at enhancing the customer experience while maintaining personal service.
Jack Henry & Associates, Inc. (NASDAQ: JKHY) has appointed Chris King as the new chief sales and marketing officer, following the retirement of Steve Tomson. King, a veteran with 31 years in the financial services industry, previously served as vice president at NCR. His leadership roles include positions at Diebold Nixdorf and Regions Bank. CEO David Foss expressed confidence in King's ability to drive sales and marketing innovations, while also acknowledging Tomson's 15 years of significant contribution to the company.
Jack Henry (NASDAQ: JKHY) announced a partnership with Tennessee Valley Federal Credit Union (TVFCU) on June 16, 2021, to deploy its cloud-based technology for enhanced growth. TVFCU chose Jack Henry due to its expertise and reliable support, which will allow the credit union to optimize its operations and streamline processes. With access to advanced reporting tools and open banking capabilities, TVFCU plans to improve member experience and expand its business offerings. The partnership aims to ensure better service delivery and increased operational efficiency for TVFCU.
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