💨 Abstract

Jack Henry & Associates, a financial technology company, reported a 17% increase in first-quarter profit due to increased demand for its technology solutions. This growth is attributed to banks and financial institutions stepping up their digital modernization efforts. The company specializes in providing tech and payment processing services to small- and mid-size institutions, catering to the growing need for seamless digital banking experiences and competitive edge against fintech companies. Services and support revenue increased by 4.2

Courtesy: theprint.in

Summarized by Einstein Beta 🤖