Business
Jack Henry Announces 2025 Cobalt Award Winners
Financial institutions and fintechs honored for innovation, impact, and empowering financial freedom MONETT, Mo., Sept. 10, 2025 /PRNewswire/ -- Jack Henry™
About this update from Jack Henry & Associates, Inc.
[{"type":"text","content":"Financial institutions and fintechs honored for innovation, impact, and empowering financial freedom\nMONETT, Mo., Sept. 10, 2025 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) is proud to announce the winners of the 2025 Cobalt Awards – six financial institutions and fintechs that are redefining what it means to serve their communities through innovation, integration, and education.\n\n \n \n \n \n \n \n\n \nThis year's honorees – Bangor Savings Bank, Bits of Stock, Delta Community Credit Union, equipifi, Simmons Bank, and Y-12 Federal Credit Union – were selected for their outstanding achievements in leveraging technology to drive meaningful change and empower people to achieve financial freedom. The winners were revealed September 9 on the main stage of the San Diego Convention Center during the Jack Henry Connect annual client conference.\n\"The Cobalt Awards celebrate financial institutions and fintechs who break barriers, drive change, and weave innovation into the fabric of financial services,\" said Jack Henry President and CEO Greg Adelson. \"We're proud to celebrate their successes and share their stories.\"\n2025 Cobalt Award Winners\nThe Barrier Breakers – Recognizes financial institutions for tearing down barriers to financial health\nBangor Savings Bank – Delivered more than 1,500 Maine ABLE disability expense accounts with nearly $10 million in deposits by streamlining back-office efficiencies.Delta Community Credit Union – Created a credit and borrowing education series that boosted financial confidence for 98% of attendees.The Changemakers – Recognizes financial institutions for outstanding achievements using technology, services, and innovation\nSimmons Bank – Achieved a 96% reduction in fraud losses, saving hundreds of thousands of dollars annually and setting a new industry benchmark.Y-12 Federal Credit Union – Reduced fraud losses by 93% and cut manual interventions by about 80% through automation.The Integrators – Recognizes fintechs bridging the gap between service and technology\nBits of Stock – Embedded its platform into the Banno Digital Platform™, connecting users to thousands of fractional stocks and exchange-traded funds without leaving their banking app.equipifi – Seamlessly integrated its buy now, pay later solution with Symitar® and Banno™, driving an 18% increase in digital banking logins and a 14% l...