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Jack Henry Associates
Financial services / Payment processing
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Jack Henry Associates is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Founded in 1976, the company is based in Monett, Missouri and serves over 9,000 financial institutions and corporate entities. Jack Henry Associates offers a wide range of products and services including core processing, digital banking, payment processing, lending, and risk management solutions.
The company's mission is to provide innovative and secure technology solutions that help its clients improve efficiency, drive revenue growth, and enhance the overall customer experience. Jack Henry Associates has a strong focus on customer service and maintains a 98% client retention rate.
Over the years, the company has grown through both organic initiatives and strategic acquisitions, expanding its portfolio of products and services. Today, Jack Henry Associates has over 6,500 employees and serves clients in all 50 states.
In addition to its core business, the company has a strong commitment to social responsibility and sustainability, with initiatives focused on employee wellness, community involvement, environmental stewardship, and ethical business practices.
Overall, Jack Henry Associates is recognized as a trusted and reliable partner for financial institutions of all sizes, providing cutting-edge technology solutions to help them stay competitive in an ever-evolving industry.
The company's mission is to provide innovative and secure technology solutions that help its clients improve efficiency, drive revenue growth, and enhance the overall customer experience. Jack Henry Associates has a strong focus on customer service and maintains a 98% client retention rate.
Over the years, the company has grown through both organic initiatives and strategic acquisitions, expanding its portfolio of products and services. Today, Jack Henry Associates has over 6,500 employees and serves clients in all 50 states.
In addition to its core business, the company has a strong commitment to social responsibility and sustainability, with initiatives focused on employee wellness, community involvement, environmental stewardship, and ethical business practices.
Overall, Jack Henry Associates is recognized as a trusted and reliable partner for financial institutions of all sizes, providing cutting-edge technology solutions to help them stay competitive in an ever-evolving industry.
What is special about the company?
1. Longevity: Jack Henry Associates has been in business for over 45 years, making it one of the oldest and most established providers of financial services technology.
2. Industry Expertise: With decades of experience in the financial services industry, Jack Henry Associates has deep knowledge and understanding of the challenges and needs of their clients.
3. Comprehensive Solutions: The company offers a wide range of products and services, including core banking systems, payment processing, digital banking, and data and analytics, to meet the diverse needs of financial institutions.
4. Innovation: Jack Henry Associates is known for its innovation and investment in new technologies, such as artificial intelligence and blockchain, to stay ahead of industry trends and provide cutting-edge solutions to its clients.
5. Customer Focus: The company places a strong emphasis on customer satisfaction and has a dedicated team of professionals who work closely with clients to understand their needs and provide personalized support.
6. Strong Financial Performance: Jack Henry Associates has consistently delivered strong financial performance, making it a stable and reliable partner for financial institutions.
7. Emphasis on Security: With cyber threats and data breaches becoming increasingly common, Jack Henry Associates has made security a top priority and has developed robust security protocols to protect its clients' sensitive information.
8. Corporate Culture: The company prides itself on its positive and collaborative corporate culture, which fosters a strong sense of teamwork and innovation among its employees.
9. Social Responsibility: Jack Henry Associates is committed to giving back to the community through various charitable initiatives and volunteer opportunities for its employees.
10. Industry Recognition: The company has received numerous awards and recognition for its products, services, and technological advancements, further solidifying its reputation as a leader in the financial services industry.
2. Industry Expertise: With decades of experience in the financial services industry, Jack Henry Associates has deep knowledge and understanding of the challenges and needs of their clients.
3. Comprehensive Solutions: The company offers a wide range of products and services, including core banking systems, payment processing, digital banking, and data and analytics, to meet the diverse needs of financial institutions.
4. Innovation: Jack Henry Associates is known for its innovation and investment in new technologies, such as artificial intelligence and blockchain, to stay ahead of industry trends and provide cutting-edge solutions to its clients.
5. Customer Focus: The company places a strong emphasis on customer satisfaction and has a dedicated team of professionals who work closely with clients to understand their needs and provide personalized support.
6. Strong Financial Performance: Jack Henry Associates has consistently delivered strong financial performance, making it a stable and reliable partner for financial institutions.
7. Emphasis on Security: With cyber threats and data breaches becoming increasingly common, Jack Henry Associates has made security a top priority and has developed robust security protocols to protect its clients' sensitive information.
8. Corporate Culture: The company prides itself on its positive and collaborative corporate culture, which fosters a strong sense of teamwork and innovation among its employees.
9. Social Responsibility: Jack Henry Associates is committed to giving back to the community through various charitable initiatives and volunteer opportunities for its employees.
10. Industry Recognition: The company has received numerous awards and recognition for its products, services, and technological advancements, further solidifying its reputation as a leader in the financial services industry.
What the company's business model?
The Jack Henry Associates company is a technology solutions and payment processing provider focused on serving financial institutions. Their business model involves developing and implementing software and services that help these institutions manage and optimize their operations, customer relationships, and payments processes. This includes software for core banking, digital banking, lending, treasury management, and card processing, as well as providing consulting, training, and support services. They generate revenue through licensing fees, maintenance and support fees, and transaction-based fees for their payment processing services. Their aim is to provide technology solutions that improve efficiency, reduce costs, and enhance the customer experience for financial institutions.
Interesting facts about the company
1. Jack Henry Associates was founded in 1976 by Jack Henry and his wife Mary Henry in Monett, Missouri. Initially, the company was known as Jack Henry & Associates until its name was officially changed in 2003.
2. The company provides technology solutions and support services for financial institutions, including banks and credit unions, across the United States. They offer core processing, digital banking, payment solutions, and other products and services to help financial institutions automate and streamline their operations.
3. Jack Henry Associates is headquartered in Monett, Missouri, and has over 9,000 associates working in over 100 offices across the United States. The company has a strong commitment to the communities where its employees live and work, and offers volunteer and philanthropic opportunities through the Jack Henry & Associates Foundation.
4. In 1997, Jack Henry & Associates was listed on the NASDAQ stock exchange. Today, the company is a publicly traded company under the ticker symbol JKHY and has a market capitalization of over $13 billion.
5. The company has received numerous awards and recognition for its technology solutions and workplace environment. In 2021, Jack Henry Associates was named one of the World’s Most Admired Companies by Fortune magazine, and has consistently been named one of the Best Places to Work in FinTech by American Banker.
6. In addition to its technology solutions, Jack Henry Associates also offers consulting and advisory services to help financial institutions manage risk, comply with regulations, and improve their overall performance.
7. The company is committed to innovation and invests heavily in research and development to stay ahead of industry trends and advancements. In 2020, Jack Henry Associates invested over $250 million in R&D.
8. Jack Henry Associates has made several acquisitions over the years to expand its product offerings and reach. In 2015, the company acquired Bayside Business Solutions, a provider of electronic payment solutions for small to mid-sized businesses.
9. Despite its growth and success, Jack Henry Associates remains committed to its values of integrity, perseverance, and innovation. The company strives to maintain a customer-focused culture and has a track record of strong relationships with its clients.
10. In 2019, Jack Henry Associates celebrated its 40th anniversary. The company continues to evolve and adapt to the ever-changing financial technology landscape, while staying true to its core values and commitment to its clients.
See Company Due Diligence:
2. The company provides technology solutions and support services for financial institutions, including banks and credit unions, across the United States. They offer core processing, digital banking, payment solutions, and other products and services to help financial institutions automate and streamline their operations.
3. Jack Henry Associates is headquartered in Monett, Missouri, and has over 9,000 associates working in over 100 offices across the United States. The company has a strong commitment to the communities where its employees live and work, and offers volunteer and philanthropic opportunities through the Jack Henry & Associates Foundation.
4. In 1997, Jack Henry & Associates was listed on the NASDAQ stock exchange. Today, the company is a publicly traded company under the ticker symbol JKHY and has a market capitalization of over $13 billion.
5. The company has received numerous awards and recognition for its technology solutions and workplace environment. In 2021, Jack Henry Associates was named one of the World’s Most Admired Companies by Fortune magazine, and has consistently been named one of the Best Places to Work in FinTech by American Banker.
6. In addition to its technology solutions, Jack Henry Associates also offers consulting and advisory services to help financial institutions manage risk, comply with regulations, and improve their overall performance.
7. The company is committed to innovation and invests heavily in research and development to stay ahead of industry trends and advancements. In 2020, Jack Henry Associates invested over $250 million in R&D.
8. Jack Henry Associates has made several acquisitions over the years to expand its product offerings and reach. In 2015, the company acquired Bayside Business Solutions, a provider of electronic payment solutions for small to mid-sized businesses.
9. Despite its growth and success, Jack Henry Associates remains committed to its values of integrity, perseverance, and innovation. The company strives to maintain a customer-focused culture and has a track record of strong relationships with its clients.
10. In 2019, Jack Henry Associates celebrated its 40th anniversary. The company continues to evolve and adapt to the ever-changing financial technology landscape, while staying true to its core values and commitment to its clients.
See Company Due Diligence:
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