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Jack Henry and Array Collaborate to Improve Consumers' Financial Health
Companies to provide community and regional financial institutions' accountholders with better access to their credit data, improved credit monitoring and personalized offers
Array has leveraged the Banno Digital ToolkitSM, the same set of APIs the Banno Digital Platform is built on, to offer consumer credit and identity protection tools. Now, consumers can securely access and monitor their credit directly through their bank or credit union. Embedding this service protects consumers' data and reduces the risk of competitive products being sold. Banks and credit unions will also gain a better understanding of their consumers' complete financial lives, while boosting digital engagement, driving revenue, and maximizing lending and credit opportunities.
Financial institutions can customize their consumer's experience, easily managing everything from the credit bureau data used to the tools featured. Examples of what can be customized include score simulators*, score factors, debt analysis, alerts, and more. By increasing awareness of consumers' credit information and history, banks and credit unions can provide education, and identify areas to improve and support healthier financial decisions. With this information, financial institutions can offer consumers relevant products at their moment of need.
Array is a leading financial innovation platform that helps digital brands, financial institutions, and fintechs get compelling consumer products and features to market quickly. Array's credit and identity protection products, along with offers engine improve financial literacy and increase digital engagement with customers. Array's platform enables its clients to deepen their relationships with customers and better understand their needs to deliver critical information at the right time. The company currently serves hundreds of companies reaching three million active users. The company was founded in 2020 by
Jack Henry (NASDAQ: JKHY) is a leading SaaS provider primarily for the financial services industry. We are a S&P 500 company that serves more than 8,000 clients nationwide and goes to market through three distinct brands: Jack Henry Banking® provides innovative solutions to community and regional banks; Symitar® provides industry-leading solutions to credit unions of all sizes; and ProfitStars® offers highly specialized solutions to financial institutions of every asset size, as well as diverse corporate entities outside of the financial services industry. With a heritage that has been dedicated to openness, partnership, and user centricity for more than 40 years, we are well-positioned as a driving market force in cloud-based digital solutions and payment processing services. We empower our clients and consumers with the human-centered, tech-forward, and insights-driven solutions that will get them where they want to go. Are you future ready? Additional information is available at https://www.jackhenry.com/pages/default.aspx.
Statements made in this news release that are not historical facts are "forward-looking statements." Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company's
*Credit score simulations are not always predictive of one's credit score
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Company: Jack Henry & Associates, Inc., 663 Highway 60, P.O. Box 807, Monett, MO 65708, (417) 235-6652; Analyst Contact: Vance Sherard, CFA, Sr. Director - Corporate Development & Investor Relations; Press Contact: Mark Folk, Sr. Manager Corporate Comm, (704) 890-5323