Abound Credit Union Invests in Technology Modernization with Jack Henry
Jack Henry (NASDAQ:JKHY) announced that Abound Credit Union has selected its Symitar庐 core platform and cloud-based solutions for technology modernization. Abound Credit Union, with $2.4 billion in assets and serving over 130,000 members across Kentucky, will implement Jack Henry's open, cloud-native platform to enhance its banking services.
The credit union will utilize several integrated solutions including Jack Henry Data Hub鈩�, Banno Digital Platform鈩�, and Banno Digital Toolkit鈩� to provide personalized experiences and seamless third-party integration. The implementation aims to modernize member services and attract younger generations while maintaining the credit union's personal touch.
Jack Henry (NASDAQ:JKHY) ha annunciato che Abound Credit Union ha scelto la sua piattaforma core Symitar庐 e soluzioni basate sul cloud per la modernizzazione tecnologica. Abound Credit Union, con 2,4 miliardi di dollari in attivit脿 e oltre 130.000 membri in tutto il Kentucky, implementer脿 la piattaforma open e cloud-native di Jack Henry per migliorare i suoi servizi bancari.
La credit union utilizzer脿 diverse soluzioni integrate, tra cui Jack Henry Data Hub鈩�, Banno Digital Platform鈩� e Banno Digital Toolkit鈩�, per offrire esperienze personalizzate e un鈥檌ntegrazione fluida con terze parti. L鈥檌mplementazione mira a modernizzare i servizi ai membri e ad attrarre le generazioni pi霉 giovani, mantenendo al contempo il tocco personale della credit union.
Jack Henry (NASDAQ:JKHY) anunci贸 que Abound Credit Union ha seleccionado su plataforma central Symitar庐 y soluciones basadas en la nube para la modernizaci贸n tecnol贸gica. Abound Credit Union, con $2.4 mil millones en activos y sirviendo a m谩s de 130,000 miembros en todo Kentucky, implementar谩 la plataforma abierta y nativa en la nube de Jack Henry para mejorar sus servicios bancarios.
La cooperativa de cr茅dito utilizar谩 varias soluciones integradas, incluyendo Jack Henry Data Hub鈩�, Banno Digital Platform鈩� y Banno Digital Toolkit鈩�, para ofrecer experiencias personalizadas e integraci贸n fluida con terceros. La implementaci贸n busca modernizar los servicios para los miembros y atraer a generaciones m谩s j贸venes, manteniendo al mismo tiempo el toque personal de la cooperativa.
Jack Henry (NASDAQ:JKHY)電� Abound Credit Union鞚� 旮办垹 順勲寑頇旊ゼ 鞙勴暣 鞛愳偓鞚� Symitar庐 旖旍柎 頂岆灚韽�瓿� 韥措澕鞖半摐 旮半皹 靻旊（靺橃潉 靹犿儩頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 旒勴劙韨� 鞝勳棴鞐� 瓯胳硱 24鞏� 雼煬鞚� 鞛愳偘瓿� 13毵� 氇� 鞚挫儊鞚� 須岇洂鞚� 氤挫湢頃� Abound Credit Union鞚� Jack Henry鞚� 鞓ろ攬 韥措澕鞖半摐 雱れ澊韹半笇 頂岆灚韽检潉 霃勳瀰頃� 鞚�頄� 靹滊箘鞀るゼ 頄レ儊鞁滍偓 鞓堨爼鞛呺媹雼�.
鞚� 鞁犾毄臁绊暕鞚� Jack Henry Data Hub鈩�, Banno Digital Platform鈩�, Banno Digital Toolkit鈩� 霌� 鞐煬 韱淀暕 靻旊（靺橃潉 頇滌毄頃� 臧滌澑 毵烄钉順� 瓴巾棙瓿� 鞗愴櫆頃� 鞝�3鞛� 韱淀暕鞚� 鞝滉车頃� 瓿勴殟鞛呺媹雼�. 鞚措矆 霃勳瀰鞚� 須岇洂 靹滊箘鞀るゼ 順勲寑頇旐晿瓿� 鞝婌潃 靹鸽寑毳� 鞙犾箻頃橂姅 霃欖嫓鞐� 鞁犾毄臁绊暕鞚� 臧滌澑鞝侅澑 靹滊箘鞀るゼ 鞙犾頃橂姅 瓴冹潉 氇╉憸搿� 頃╇媹雼�.
Jack Henry (NASDAQ:JKHY) a annonc茅 qu'Abound Credit Union a choisi sa plateforme c艙ur Symitar庐 et ses solutions bas茅es sur le cloud pour moderniser sa technologie. Abound Credit Union, avec 2,4 milliards de dollars d'actifs et plus de 130 000 membres 脿 travers le Kentucky, va d茅ployer la plateforme ouverte et cloud-native de Jack Henry afin d'am茅liorer ses services bancaires.
La coop茅rative de cr茅dit utilisera plusieurs solutions int茅gr茅es, notamment Jack Henry Data Hub鈩�, Banno Digital Platform鈩� et Banno Digital Toolkit鈩�, pour offrir des exp茅riences personnalis茅es et une int茅gration fluide avec des tiers. Cette mise en 艙uvre vise 脿 moderniser les services aux membres et 脿 attirer les jeunes g茅n茅rations tout en conservant la touche personnelle de la coop茅rative.
Jack Henry (NASDAQ:JKHY) gab bekannt, dass die Abound Credit Union ihre Symitar庐 Core-Plattform und cloudbasierte L枚sungen zur Technologiemodernisierung ausgew盲hlt hat. Die Abound Credit Union, mit 2,4 Milliarden US-Dollar an Verm枚genswerten und 眉ber 130.000 Mitgliedern in ganz Kentucky, wird die offene, cloud-native Plattform von Jack Henry implementieren, um ihre Bankdienstleistungen zu verbessern.
Die Kreditgenossenschaft wird mehrere integrierte L枚sungen nutzen, darunter Jack Henry Data Hub鈩�, Banno Digital Platform鈩� und Banno Digital Toolkit鈩�, um personalisierte Erlebnisse und nahtlose Integration von Drittanbietern zu bieten. Die Umsetzung zielt darauf ab, die Mitgliederdienste zu modernisieren und j眉ngere Generationen anzusprechen, w盲hrend der pers枚nliche Charakter der Kreditgenossenschaft erhalten bleibt.
- Selection of Jack Henry's solutions by a significant credit union with $2.4B in assets
- Expansion of product offering through multiple integrated solutions
- Strategic positioning to attract younger generation customers
- None.
Insights
Jack Henry secures significant tech modernization deal with $2.4B Abound Credit Union, strengthening recurring revenue and competitive position.
This partnership represents a multi-faceted technology win for Jack Henry (JKHY), securing Abound Credit Union's core banking business along with numerous complementary solutions. The implementation of the Symitar platform at a $2.4 billion asset institution with 130,000 members demonstrates JKHY's continued competitiveness in the credit union technology market.
The comprehensive nature of this deal is particularly noteworthy. Beyond the core Symitar platform, Abound is implementing Jack Henry's Data Hub for analytics, the Banno Digital Platform for online/mobile banking, and solutions spanning business banking, payments, lending, and financial crimes. This suggests a substantial total contract value with multiple revenue streams across diverse product lines.
From a strategic perspective, this partnership validates Jack Henry's open banking approach. The press release specifically highlights how JKHY's platform allows for third-party integrations, positioning the company well in the increasingly fragmented financial technology ecosystem where institutions want both core stability and fintech flexibility.
For investors tracking JKHY's business momentum, this announcement represents exactly the type of full-stack deal that drives recurring revenue growth. The timing is also significant 鈥� with Abound citing challenges in serving younger generations with legacy technology, it illustrates the ongoing replacement cycle opportunity as financial institutions modernize aging infrastructure to meet changing consumer expectations.
Credit union prioritizes collaboration to prepare for the future and improve the lives of Kentuckians
Founded 75 years ago as a small institution serving 10 Fort Knox employees, Abound Credit Union has grown to
"Jack Henry understands our vision and what it takes to cater to our members' diverse financial situations," said Ray Springsteen, CEO at Abound Credit Union. "Its open platform seamlessly integrates third-party solutions, enabling members to have the financial services they rely on, while easily adding new capabilities as needs change. This empowers us to focus our resources on serving Kentuckians for the next 75 years and beyond."
Abound will leverage many of Jack Henry's complementary integrated solutions to deliver a more personalized, secure, and convenient experience. For example, Jack Henry Data Hub鈩� will provide real-time member insights, the Banno Digital Platform鈩� offers an intuitive digital experience, and the Banno Digital Toolkit鈩� allows for easy customization and smooth integration with third-party providers. Jack Henry's business banking, payments, lending, and financial crimes solutions also will enhance the credit union's offerings.
"Our technology modernization strategy is designed to empower institutions like Abound to embrace change, drive their own innovation, and deliver value to every member," said Brynn Ammon, President of Credit Union Solutions at Jack Henry. "The credit union is leveraging our foundation to create its own banking experience, one that rewards and brings value to a diverse member base. We're honored to help them build a resilient technology plan that will support their growth and further deepen their impact in
About Jack Henry & Associates, Inc.庐 听
Jack Henry鈩� (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity 鈥� offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For nearly 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at .
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FAQ
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