Board Appoints Independent Director Carl A. Guarino as Chairman as Part of Planned Transition ® OAKS, Pa., Dec. 17, 2025 /PRNewswire/ -- SEI (NASDAQ: SEIC) today celebrates the extraordinary career of Alfred P. West, Jr., the company's founder and Executive Chairman of the Board, who resigned from his role as a director and board chair as part of a planned transition effective Jan. 1, 2026. The Board has appointed Carl A. Guarino, an independent director of SEI's Board, as Chairman effective Jan. 1, 2026. W ...

Core Insights - SouthTrust Bank has selected Jack Henry to modernize its technology infrastructure, aiming to differentiate and streamline operations while pursuing growth [1][3] - The bank, founded in 1934, has $550 million in assets and is focused on expanding its presence in Houston and serving niche markets [2] - The partnership with Jack Henry will enhance customer service, boost efficiency, and integrate with third-party fintechs, while introducing modern digital banking capabilities [3][4] Company Overview - SouthTrust Bank has eight locations in South Texas and Houston, known for strong community ties and long-term customer relationships [2] - The bank aims to reach $2 billion in assets over the next decade, focusing on geographic expansion and organic growth [4] Technology Partnership - Jack Henry's core processing system will eliminate manual tasks and streamline workflows, enhancing the bank's operational efficiency [3] - The introduction of customer-facing products like the Jack Henry Digital Platform and services such as Zelle® and Apple Pay will attract customers [3][4] - Jack Henry emphasizes the importance of innovative and accessible tools for community banks to compete effectively [4] Strategic Goals - SouthTrust Bank's CEO highlighted the need for a technology provider that shares their vision for the future, indicating confidence in Jack Henry's capabilities [4] - The collaboration aims to empower SouthTrust Bank to deliver modern and user-friendly banking experiences to its communities [4]

Core Insights - GROUPIRA, Inc. has launched a new service feature that enhances the efficiency of the automatic rollover process for Third-Party Administrators (TPAs) by prepopulating required participant rollover forms [1][2] - The GROUPIRA 6.0 enhancement simplifies the rollover process by automatically filling in essential participant data, reducing administrative burden and minimizing errors [2][3] - This innovation allows TPAs to process rollovers faster and with greater accuracy, improving overall operational efficiency [2][3] Company Commitment - GROUPIRA is dedicated to providing cutting-edge solutions that enhance the efficiency of automatic rollovers and plan terminations, allowing TPAs to focus on higher-value services [3] - The launch of this feature reflects GROUPIRA's ongoing commitment to innovation within the retirement industry, enabling TPAs and their plan sponsor clients to optimize workflows [3] Company Overview - GROUPIRA, Inc. is a pioneering financial technology company focused on bringing the benefits of 401(k) plans to IRA investors [4]

Core Viewpoint - Cloud computing is rapidly transforming the financial industry by enhancing service efficiency, reducing costs, and fostering innovation, but challenges related to security and regulatory compliance remain significant for financial institutions in China compared to their counterparts in the US and Europe [1][4]. Group 1: Cloud Computing in Financial Services - Cloud computing is defined as a shared pool of configurable resources accessed over the network, allowing for on-demand self-service and rapid elasticity [3]. - The global cloud computing market has grown from billions to hundreds of billions, with governments adopting "cloud-first" strategies [4]. - Financial institutions are increasingly viewing cloud services as essential for their technological capabilities, with many adopting hybrid models that combine public and private cloud services [4][5]. Group 2: Benefits and Challenges of Financial Cloud - The application of financial cloud services can lower costs, accelerate IT asset deployment, and enhance operational resilience [5]. - The COVID-19 pandemic has accelerated the adoption of financial cloud services, as institutions adapt to remote work and increased demand for digital products [5]. - Challenges include a lack of skilled professionals, data privacy concerns, and the risks associated with operational disruptions [5]. Group 3: Current State of Financial Cloud in the US - Major US tech companies like Microsoft, Amazon, and Google dominate the cloud service market, with large banks utilizing these services to optimize core business systems [8]. - Financial institutions are leveraging cloud technology for real-time data analysis, risk management, and customer service improvements [8]. - First Capital Bank became the first US bank to fully migrate to the cloud, enhancing its operational capabilities [8]. Group 4: Current State of Financial Cloud in Europe - In Europe, the same major US cloud providers dominate, with a significant increase in demand for cloud services since the pandemic [9]. - 21% of European banks consider cloud adoption a strategic priority to enhance competitiveness [9]. - Institutions like Deutsche Bank and OakNorth Bank are actively utilizing cloud services for online banking and loan provision, demonstrating profitability and efficiency [9]. Group 5: Regulatory Framework for Financial Cloud - The US has detailed and strict regulations for cloud service providers and financial cloud usage, with the Treasury Department assessing risks associated with technology services [11].