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Jack Henry Unveils the 2025 Cobalt Award Winners

On September 10, 2025, during the Jack Henry Connect annual client conference held at the San Diego Convention Center, Jack Henry™ (Nasdaq: JKHY) proudly announced the winners of the esteemed 2025 Cobalt Awards. This year’s recognition went to six visionary financial institutions and fintechs that are pioneering new standards in community service through innovation, empowerment, and education.

The honored institutions include Bangor Savings Bank, Bits of Stock, Delta Community Credit Union, equipifi, Simmons Bank, and Y-12 Federal Credit Union. Each of these winners has demonstrated remarkable achievements through the strategic use of technology that not only drives substantial change but also aids individuals in achieving financial autonomy.

Honoring Innovative Institutions

Jack Henry’s President and CEO, Greg Adelson, emphasized the importance of the Cobalt Awards, stating, “These awards celebrate the financial institutions and fintech companies that break barriers and integrate innovation into financial services.” He expressed pride in recognizing their contributions and sharing their inspiring success stories with a broader audience.

The Barrier Breakers

The award named 'The Barrier Breakers' recognizes institutions that have excelled in promoting financial health:

• - Bangor Savings Bank: Successfully launched over 1,500 Maine ABLE accounts, reaching nearly $10 million in deposits through improved back-office efficiencies.
• - Delta Community Credit Union: Developed a comprehensive credit and borrowing education series that significantly enhanced financial confidence in 98% of participants.

The Changemakers

This category honors those who have made exceptional strides in using technology and innovative services:

• - Simmons Bank: Achieved a groundbreaking 96% reduction in fraud losses, translating into substantial savings and setting a new benchmark in the industry.
• - Y-12 Federal Credit Union: Honored for a remarkable 93% decrease in fraud losses and an 80% reduction in manual process interventions, all thanks to automation.

The Integrators

This area rewards fintechs that effectively bridge service with technology:

• - Bits of Stock: Successfully integrated its platform into the Banno Digital Platform™, enabling users to access fractional stocks and ETFs seamlessly within their banking applications.
• - equipifi: Offered a buy now, pay later solution interfaced with Symitar® and Banno™, which resulted in an 18% surge in digital banking logins and a 14% increase in debit card usage.

Each award-winning institution is featured in dedicated case studies detailing their journeys, impacts, and the technologies that facilitated their successes. For further insights into these innovative stories, visit the Cobalt Awards website.

About Jack Henry Associates, Inc.

Jack Henry™ is a prominent financial technology company that fortifies connections between financial institutions and their customers. Being a part of the S&P 500, it focuses on collaboration, transparency, and user-centric innovation, offering banks and credit unions a dynamic ecosystem with modern solutions and fintech integration capabilities. For nearly 50 years, Jack Henry has enabled its approximate 7,400 clients to innovate and meet the evolving demands of their account holders effectively. To learn more, visit jackhenry.com.

The Cobalt Awards not only honor these institutions but also highlight the crucial role of innovation in enhancing financial service delivery for communities across the nation.