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]

Core Insights - Jack Henry™ has launched MyFinancialHealth, a suite of financial health tools for over 1,000 banks and credit unions on the Banno Digital Platform™, enhancing their embedded offerings [1][3] - The platform operates on a free-to-premium model, allowing financial institutions to provide essential features at no cost, with optional paid upgrades for enhanced services [2][5] - The initiative aims to strengthen the connection between accountholders and their financial institutions, reducing financial fragmentation and improving digital engagement [3][6] Product Features - MyFinancialHealth includes tools for credit monitoring, identity protection, privacy management, and subscription management, all accessible in one platform [1][4] - Users engage with the platform an average of 2.2 times per month, with many opting for premium services that offer additional protection [4] - Financial institutions can offer core tools for free while creating new revenue opportunities through optional upgrades [4][5] Market Positioning - The launch aligns with Jack Henry's mission to enhance user experience and trust through innovative technology and data-driven insights [5][6] - Early adopter First Fidelity Bank highlights the value of providing comprehensive financial health tools to customers, reinforcing the bank's position as a one-stop financial service provider [4] - The expansion of embedded tools is part of a broader strategy to help financial institutions deliver exceptional user experiences with minimal effort [5][6]

Core Insights - Abound Credit Union has selected Jack Henry's Symitar core platform to modernize its banking experience for over 130,000 members in Kentucky [1][2] - The credit union, with $2.4 billion in assets, aims to attract younger generations and meet evolving member needs through a flexible technology platform [2][3] - Jack Henry's open, cloud-native platform will enable Abound to integrate third-party solutions and enhance its service offerings [3][4] Company Overview - Jack Henry & Associates, Inc. is a financial technology company listed on Nasdaq, focusing on strengthening connections between financial institutions and their clients [5] - The company has been providing technology solutions for nearly 50 years, empowering around 7,500 clients to innovate and compete effectively [5]

Core Insights - Jack Henry has been selected by Border Bank to upgrade its technology infrastructure to enhance customer experience and operational efficiency as the bank approaches $1 billion in assets [1][2] - The new core processing system from Jack Henry will replace outdated processes, improving operational efficiency and providing a digital platform for retail, business, and enterprise clients [3] - Border Bank's decision was influenced by Jack Henry's commitment to innovation, transparency, and customer service, which aligns with the bank's long-term growth strategy [4] Company and Industry Overview - Border Bank, established in 1935, has expanded its services beyond agricultural needs to various industries, including manufacturing and commercial real estate, in North Dakota and metro Minneapolis [2] - Jack Henry is an S&P 500 financial technology company that offers a vibrant ecosystem of modern capabilities and integration with leading fintechs, serving approximately 7,500 clients [6] - The partnership with Jack Henry will enable Border Bank to access over 950 API-integrated third-party fintechs, allowing for strategic differentiation and modernization of services [4][5]