Core Insights - Jack Henry announced the winners of the 2025 Cobalt Awards, recognizing six financial institutions and fintechs for their innovative contributions to financial services [1][2] - The awards highlight organizations that empower communities through technology, integration, and education [2][3] Group 1: Award Winners - Bangor Savings Bank: Streamlined back-office efficiencies, delivering over 1,500 Maine ABLE disability expense accounts with nearly $10 million in deposits [6] - Delta Community Credit Union: Developed a credit and borrowing education series that increased financial confidence for 98% of participants [6] - Simmons Bank: Achieved a 96% reduction in fraud losses, saving hundreds of thousands of dollars annually [6] - Y-12 Federal Credit Union: Reduced fraud losses by 93% and manual interventions by about 80% through automation [6] - Bits of Stock: Integrated its platform into the Banno Digital Platform™, allowing users access to thousands of fractional stocks and ETFs [6] - equipifi: Integrated its buy now, pay later solution with Symitar® and Banno™, resulting in an 18% increase in digital banking logins and a 14% rise in debit card usage [6] Group 2: Company Overview - Jack Henry is a financial technology company that connects financial institutions with their clients, focusing on innovation and user-centric solutions [5] - The company has been providing technology solutions for nearly 50 years, empowering approximately 7,400 clients [5]