MONETT, Mo., July 17, 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 that Premier
America Credit Union is converting
to Symitar EASE™, the outsourced delivery model of the
Episys® core processing platform.
The Chatsworth, Calif.-based
credit union is one of 27 competitive core takeaways Symitar
recorded for the latest fiscal year, just ended June 30.
Premier America had developed concerns with its existing core
provider's innovation strategy as well as its reliability with
system responsiveness and support. The credit union chose Symitar
EASE as the replacement system that would provide an immediate
positive impact and a full range of already developed interfaces
and integrations.
Rudy Pereira, CEO of the
$2.5 billion-asset Premier America,
said, "The vote for Symitar was unanimous across our management and
non-management, 18 people strong. The Episys platform is agile,
allowing us to meet our members' needs today and tomorrow, and
there's an ease that comes with modifying the system to our fit.
And with Symitar's outsourcing offering, we're strengthening the
performance of our core across all key areas of measurement –
efficiency, cost, compliance and resiliency."
Premier America opted to outsource its core via EASE to relieve
its staff from performing day-to-day tasks that do not provide
tangible value to the member experience. Instead, the credit union
can focus team members to deliver on the promises of improved ease
of banking, member engagement and financial success. According to
Pereira, "Episys is good for everyone."
Disaster recovery and business continuity planning also factored
into Premier America's decision to outsource. The credit union's
location brings the possibility that natural disasters might impact
operations during any season. Pereira added, "The core is a
financial institution's lifeblood. We need the assurance it can be
recovered and accessible quickly. With EASE, we are in a constant
state of disaster recovery preparedness and are assured our members
can get to us, to their accounts, whenever they need."
The credit union is engaging Symitar for a number of other new
solutions to complement the core, including jhaEnterprise
Workflow™ to automate multi-step business processes and Advanced
Reporting for Credit Unions™ (ARCU) for business intelligence and
analytics.
Ted Bilke, president of Symitar,
said, "Each new partnership is important to the Symitar family, and
we were excited to help close out another strong year with the
addition of Premier America Credit
Union. This organization has its eyes on tomorrow by
incorporating technologies that benefit its members today and will
prepare them for the future. As outsourcing continues to grow as
the preferred approach for deploying services for credit unions of
all sizes, Symitar remains committed to building upon the
sophistication of our offering so it's everything our clients can
imagine it to be, and more."
About Symitar
Symitar, a division of Jack Henry & Associates, Inc.®,
is the 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
more than 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.