Jack Henry & Associates

Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a financial technology company that provides technology solutions and payment processing services to financial institutions. Founded in 1976 and headquartered in Monett, Missouri, Jack Henry offers software, digital solutions, and payment processing to banks, credit unions and corporate entities.

Jack Henry operates through four main segments:

• Core: Provides core information processing platforms for deposit, loan, and general ledger transactions

• Payments: Offers secure payment processing tools including ATM, debit/credit card processing, bill pay, ACH, and remote deposit capture

• Complementary: Provides additional software and services like digital banking, treasury management, fraud detection, and lending solutions

• Corporate and Other: Offers hardware and other products

The company's key products include core banking platforms like SilverLake, CIF 20/20 and Core Director for banks, and Symitar for credit unions. Jack Henry also provides digital banking, electronic payment, and data analytics solutions. The company serves approximately 7,500 clients, including banks, credit unions and corporate entities, with a focus on community and regional financial institutions.

In recent developments, Jack Henry has been expanding its open banking and digital payment capabilities. In February 2024, the company announced a partnership with MX Technologies to enable more secure data sharing across financial institutions using Jack Henry's digital banking platform. Additionally, in September 2024, Jack Henry revealed a collaboration with Moov to offer enhanced digital payment services for small and medium-sized businesses through community and regional financial institutions.