Prestigious annual awards program recognizes outstanding
financial technology products and companies around the
world.
MONETT,
Mo., March 14, 2024 /PRNewswire/ -- Jack Henry™
(Nasdaq: JKHY) today announced that Financial Crimes Defender™
has been selected as winner of the Best Fraud
Prevention Platform award in the eighth annual FinTech
Breakthrough Awards program conducted by FinTech Breakthrough, an
independent market intelligence organization that recognizes the
top companies, technologies, and products in the global FinTech
market today.
Jack Henry Financial Crimes Defender uses advanced Artificial
Intelligence (AI) and behavioral analytics to proactively identify
new fraud and bank secretary act (BSA) trends in
real-time including those involving checks, deposits, transfers,
ACH transactions, and instant payments. It is built on a scalable
cloud architecture with an intuitive user interface and analytics
to reduce false positives. By automating repetitive tasks,
Financial Crimes Defender reduces manual work in
investigations.
"Financial Crimes Defender solves the fundamental problem for
banks and credit unions – management of financial crime risk
through proactive and automated detection," said Steve Johansson, Managing Director, FinTech
Breakthrough. "We're thrilled to recognize Financial Crimes
Defender as 2024's Best Fraud Prevention Platform. By
bundling fraud and AML solutions, financial
institutions of all sizes can make faster, more informed decisions,
minimize false positives and wasted resources, and improve
operational efficiency."
The breakthrough platform's proactive approach to anomaly
detection breaks down fraud silos based on transaction
types. This brings different types of transactions together to
mitigate how fraud and money-laundering actors use
multi-channel approaches to deceive financial institutions and
accountholders.
"Jack Henry Financial Crimes Defender is part of our technology
modernization strategy which is focused on delivering cloud-native
solutions that help banks and credit unions innovate faster,
differentiate strategically, and meet the evolving needs of their
account holders," said Greg Adelson,
President and COO of Jack Henry.
"We're honored to be recognized by FinTech Breakthrough. With
Financial Crimes Defender, not only can financial institutions stay
ahead of the latest fraud trends, but they can also
finally automate fraud processes to reduce manual
work."
The FinTech Breakthrough Awards is the premier awards program
founded to recognize the fintech innovators, leaders and
visionaries from around the world in a range of categories,
including digital banking, personal finance, lending, payments,
investments, and more.
About Jack Henry &
Associates, Inc. ®
Jack Henry™ (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 – offering banks and credit unions a vibrant ecosystem
of internally developed modern capabilities as well as the ability
to integrate with leading fintechs. For more than 47 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
www.jackhenry.com.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence
and recognition platform for technology innovation and leadership
around the globe, the FinTech Breakthrough Awards program is
devoted to honoring excellence in Financial Technologies and
Services companies and products. The FinTech Breakthrough Awards
provide public recognition for the achievements of FinTech
companies and products in categories including Payments, Personal
Finance, Wealth Management, Fraud Protection, Banking,
Lending, RegTech, InsurTech and more. For more information
visit FinTechBreakthrough.com.
Tech Breakthrough LLC does not endorse any vendor, product or
service depicted in our recognition programs, and does not advise
technology users to select only those vendors with award
designations. Tech Breakthrough LLC recognition consists of the
opinions of the Tech Breakthrough LLC organization and should not
be construed as statements of fact. Tech Breakthrough LLC disclaims
all warranties, expressed or implied, with respect to this
recognition program, including any warranties of merchantability or
fitness for a particular purpose.
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 Securities and Exchange Commission
filings, including the Company's most recent reports on Form 10-K
and Form 10-Q, particularly under the heading "Risk Factors." Any
forward-looking statement made in this news release speaks only as
of the date of the news release, and the Company expressly
disclaims any obligation to publicly update or revise any
forward-looking statement, whether because of new information,
future events or otherwise.
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SOURCE Jack Henry &
Associates, Inc.