Jack Henry & Associates Inc (JHY)

Overview

Jack Henry & Associates, Inc. is a pioneering financial technology company that facilitates connections between people and financial institutions with its innovative technology and payment processing solutions. It plays a significant role in minimizing barriers to financial health. Structured around four segments—Core, Payments, Complementary, and Corporate and Other—Jack Henry & Associates, Inc. is dedicated to delivering a broad spectrum of information and transaction processing solutions. These cater not only to banks of varying sizes, from small community institutions to multi-billion-dollar asset entities but also to credit unions and other financial services organizations seeking advanced financial performance, imaging and payments processing, information security and risk management, and online and mobile solutions. Established in 1976, the company's roots are deeply embedded in Monett, Missouri, where it continues to drive innovation in the financial technology sector.

Products and Services

Jack Henry & Associates, Inc. offers a comprehensive range of products and services designed to fulfill the varied needs of banks, credit unions, and other financial institutions. These include:

• Core Data Processing Solutions: The company provides robust platforms like SilverLake, primarily designed for commercial-focused banks, CIF 20/20 catering to banks with its parameter-driven, easy-to-use system, and Core Director, recognized for its cost-efficiency and point-and-click operability. For credit unions, the Symitar platform presents a tailored core processing solution.
• Integrated Applications: A suite of applications supporting deposit, loan, and general ledger transactions, alongside centralized customer/member information management, are available. These enable core bank and credit union clients to meet evolving customer/member demands effectively.
• Complementary Products and Services: These offerings include specialized products and services that augment the functionality of core banking systems, allowing institutions to provide a more comprehensive service experience.
• Digital Products and Services: The company's digital offerings aim to enhance the online and mobile banking experience, helping institutions stay at the forefront of technological evolution in the financial sector.
• Electronic Payment Solutions: In addition to core processing solutions, Jack Henry & Associates, Inc. addresses the critical need for secure and efficient payment processing services, which are essential for modern financial transactions.
• Hardware Systems: The company also deals in the resale of crucial hardware systems, including servers, workstations, scanners, and other devices necessary for the operation of financial institutions.
• Support Services: A comprehensive range of implementation, training, support services, software licensing, and professional services complement the company's technological offerings, ensuring clients can seamlessly adopt and leverage their solutions. Moreover, Jack Henry & Associates, Inc. operates data centers that bolster their capability to deliver high-quality services consistently.