12 AI News Investors Should Not Miss This Week

7. Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Number of Hedge Fund Holders: 31

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a financial technology company that connects people and financial institutions through technology solutions and payment processing services. The company also leverages AI to enhance financial institution operations, focusing on building an AI-enabled platform for fraud prevention and improving efficiency. On March 10, Algebrik AI confirmed it had joined the Jack Henry™ Vendor Integration Program (VIP).

Participation in the program paves the way for the company to enable the integration of its AI-powered Loan Origination System (LOS) with Symitar® through SymXchange as it seeks to revolutionize the lending experience. By utilizing Algebrik AI’s sophisticated, artificial intelligence-driven Loan Origination System (LOS), credit unions can quickly shift to a contemporary lending environment.

“By reducing operational overheads, we empower credit unions to focus on delivering more personalized, borrower-centric experiences. This collaboration brings AI-driven automation and cloud-native scalability to credit unions nationwide, helping them stay ahead in a rapidly evolving lending landscape,” said Pankaj Jain, Founder & CEO at Algebrik AI.