Jack Henry & Associates (JKHY) 47th Annual Raymond James Institutional Investor Conference summary

Company overview and market positioning

• Provides technology solutions for banks and credit unions, covering core processing, payments, and complementary services.

• Operates in three segments: core, payments, and complementary, with a 50-year history and 40 years as a public company.

• Integrated with 1,100 fintechs, fostering partnerships and potential acquisitions.

AI strategy and innovation

• Adopted AI for 3.5 years, using over 100 approved tools and 500+ use cases across legal, HR, and development.

• Quarterly updates to LLMs ensure use of top-performing models.

• AI drives significant efficiency gains, such as 58% of contracts processed without attorney review and 70% improvement in development execution.

• Maintains a balanced approach involving risk, security, and regulatory oversight.

Pricing model and contract structure

• No exposure to seat-based licensing; contracts are account-based, asset-based, transaction-based, or subscriber-based.

• Core contracts typically last 6-7 years, payments and complementary products 3-5 years, with many customers opting for co-terminus agreements.