MONETT, Mo., Jan. 3, 2018 /PRNewswire/ -- Jack Henry
& Associates, Inc. (NASDAQ:JKHY) is a leading provider of
technology solutions and payment processing services primarily for
the financial services industry. Its Symitar® division
today announced the expansion of its partnership with Member Driven
Technologies (MDT), a credit union service organization (CUSO).
Based in Farmington Hills,
Michigan, MDT provides credit unions with a private cloud
alternative for core processing and IT needs. Its client base
represents more than $22 billion in
assets and approximately two million members. MDT and Symitar have
enjoyed a successful 15-year partnership, and the CUSO currently
hosts the Episys® system for 93 credit unions. With the
expansion of this relationship, MDT will now provide the Episys
platform to credit unions in the Northeast region.
Larry Nichols, chief executive
officer of MDT, said, "At MDT, we're committed to providing our
credit union clients with the tools necessary to best serve their
members and succeed, which is why we host the best-in-class Symitar
Episys platform. Our partnership with Symitar has provided credit
unions with powerful, flexible, and highly integrated core
processing for more than a decade, and now we will be able to
extend these benefits to credit unions in a new
region."
MDT's hybrid approach to outsourcing allows credit unions to
boost efficiencies and security while reducing costs. The CUSO
maintains a private server for each credit union client, empowering
them with high levels of control over their critical information
and the confidence that their data is well protected. In addition
to core processing, MDT offers a full range of products and
services that credit unions can leverage to operate the entire
institution.
Ted Bilke, president of Symitar,
added, "MDT has a strong history of supporting the Episys platform,
and we're excited to expand the area for member service. Together,
we will continue to support the advanced core processing needed for
credit unions to deliver the best member experience in today's
highly competitive and quickly evolving financial services
landscape."
MDT also offers a variety of complementary Jack Henry & Associates products and
services to its members, including: Synergy Enterprise Content
Management™, iPay Solutions™, JHA Card Processing Solutions™,
Advanced Reporting for Credit Unions™, ProfitStars® CECL
Analysis and Reportingsm, and ProfitStars CECL DataStore
and Validationsm.
About Member Driven Technologies
MDT (Member Driven
Technologies) provides credit unions with a private cloud
alternative for core banking and IT needs. The CUSO's
service-first, hybrid approach to outsourcing enables credit unions
to gain efficiency and reduce costs while maintaining a high level
of control. MDT hosts the Symitar Episys® core platform,
along with seamlessly integrated solutions to run the entire
institution, including digital banking, payments, lending,
security, continuity and regulatory services. MDT serves
credit unions representing more than $22
billion in assets and approximately two million
members. Visit mdtmi.com or follow @memberdriven for more
information.
About Symitar
Symitar, a division of Jack Henry & Associates, Inc. (NASDAQ:JKHY),
is a leading provider of integrated computer systems for credit
unions of all sizes. Symitar has been selected as the primary
technology partner by more than 800 credit unions, serving as a
single source for integrated, enterprise-wide automation and as a
single point of contact and support. Additional information is
available at www.symitar.com.
About Jack Henry &
Associates, Inc.
Jack Henry
& Associates, Inc.® (NASDAQ: JKHY) is a leading
provider of technology solutions and payment processing services
primarily for the financial services industry. Its solutions serve
approximately 9,000 customers nationwide, and are marketed and
supported through three primary brands. Jack Henry
Banking® supports banks ranging from community banks
to multi-billion dollar institutions with information processing
solutions. Symitar® is a leading provider of
information processing solutions for credit unions of all
sizes. ProfitStars® provides highly
specialized products and services that enable financial
institutions of every asset size and charter, and diverse corporate
entities to mitigate and control risks, optimize revenue and growth
opportunities, and contain costs. Additional information is
available at www.jackhenry.com.
Statements made in this news release that are not historical
facts are forward-looking information. Actual results may
differ materially from those projected in any forward-looking
information. Specifically, there are a number of important
factors that could cause actual results to differ materially from
those anticipated by any forward-looking information.
Additional information on these and other factors, which could
affect the Company's financial results, are included in its
Securities and Exchange Commission (SEC) filings on Form 10-K, and
potential investors should review these statements. Finally,
there may be other factors not mentioned above or included in the
Company's SEC filings that may cause actual results to differ
materially from any forward-looking information.
JKHY-SY
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SOURCE Jack Henry &
Associates, Inc.