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Twilio (TWLO) to Help Jack Henry Enhance Financial Services
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Twilio (TWLO - Free Report) extended its long-standing relationship with Jack Henry by providing the latter with its suite of communication and collaboration products. Jack Henry will utilize these products to enhance its Banno Digital Platform with Twilio’s capabilities.
The Banno Digital Platform is a suite of digital banking solutions provided by Jack Henry. It is designed to offer a comprehensive and user-friendly digital experience for banks and credit unions, enabling them to provide customers or members with various online and mobile banking services. As of Jun 30, 2023, the platform boasts close to 10 million registered users.
Jack Henry has been using Twilio products, including 2FA with Authy for two-factor authentication and its Programmable-messaging API-based integrated SMS text alerts, into its system for managing phone numbers, replies, deliverability and compliance.
In 2019, Jack Henry integrated 2FA with Authy into its Banno Digital Platform, replacing its less-secure security questions-based authentication system. This integration also reduced the total number of questions asked during the enrollment process for the Banno Digital Platform.
In 2022, the company broadened the functionalities of the Banno Digital Platform by incorporating Twilio Video. This enabled Jack Henry's customers to establish personalized, one-on-one video interactions.
Expanding its partnership with Jack Henry, Twilio reaffirmed its commitment to establishing and maintaining valuable alliances to maintain a larger market presence. The firm’s communication business, covering Programmable Messaging, Programmable Voice, Email and Account Security, has significantly benefited and is poised for continued growth through the Twilio-Jack Henry Partnership.
TWLO’s key business, the Programmable messaging division, is expected to grow, primarily due to the global Application-to-Person SMS market, which is projected to grow by 4.9% annually from 2023 to 2030, per Grand View Research Report.
Zacks Rank and Stocks to Consider
Twilio carries a Zacks Rank #3 (Hold). Shares of TWLO have gained 45.3% year to date.
The Zacks Consensus Estimate for Intel's fourth-quarter 2023 earnings has been revised 11 cents northward to 44 cents per share in the past 30 days. For fiscal 2023, earnings estimates have moved upward by 34 cents to 95 cents per share in the past 60 days.
INTC’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same on one occasion, the average surprise being 136.31%. Shares of INTC have gained 66.6% year to date.
The Zacks Consensus Estimate for Upwork's fourth-quarter 2023 earnings has remained unchanged for the past 90 days at 17 cents per share. For fiscal 2023, earnings estimates have been revised 11 cents upward to 48 cents per share in the past 60 days.
UPWK’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 326.89%. Shares of UPWK have soared 36.6% year to date.
The Zacks Consensus Estimate for Science Applications' fourth-quarter 2024 earnings has been revised downward by 4 cents to $1.43 per share in the past seven days. For fiscal 2024, earnings estimates have been revised 11 cents upward to $7.81 per share in the past seven days.
SAIC’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 27.39%. Shares of SAIC have climbed 15.5% year to date.
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Twilio (TWLO) to Help Jack Henry Enhance Financial Services
Twilio (TWLO - Free Report) extended its long-standing relationship with Jack Henry by providing the latter with its suite of communication and collaboration products. Jack Henry will utilize these products to enhance its Banno Digital Platform with Twilio’s capabilities.
The Banno Digital Platform is a suite of digital banking solutions provided by Jack Henry. It is designed to offer a comprehensive and user-friendly digital experience for banks and credit unions, enabling them to provide customers or members with various online and mobile banking services. As of Jun 30, 2023, the platform boasts close to 10 million registered users.
Jack Henry has been using Twilio products, including 2FA with Authy for two-factor authentication and its Programmable-messaging API-based integrated SMS text alerts, into its system for managing phone numbers, replies, deliverability and compliance.
Twilio Inc. Price and Consensus
Twilio Inc. price-consensus-chart | Twilio Inc. Quote
In 2019, Jack Henry integrated 2FA with Authy into its Banno Digital Platform, replacing its less-secure security questions-based authentication system. This integration also reduced the total number of questions asked during the enrollment process for the Banno Digital Platform.
In 2022, the company broadened the functionalities of the Banno Digital Platform by incorporating Twilio Video. This enabled Jack Henry's customers to establish personalized, one-on-one video interactions.
Expanding its partnership with Jack Henry, Twilio reaffirmed its commitment to establishing and maintaining valuable alliances to maintain a larger market presence. The firm’s communication business, covering Programmable Messaging, Programmable Voice, Email and Account Security, has significantly benefited and is poised for continued growth through the Twilio-Jack Henry Partnership.
TWLO’s key business, the Programmable messaging division, is expected to grow, primarily due to the global Application-to-Person SMS market, which is projected to grow by 4.9% annually from 2023 to 2030, per Grand View Research Report.
Zacks Rank and Stocks to Consider
Twilio carries a Zacks Rank #3 (Hold). Shares of TWLO have gained 45.3% year to date.
Some better-ranked stocks from the broader technology sector are Intel (INTC - Free Report) , Upwork (UPWK - Free Report) and Science Application (SAIC - Free Report) , each sporting Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Intel's fourth-quarter 2023 earnings has been revised 11 cents northward to 44 cents per share in the past 30 days. For fiscal 2023, earnings estimates have moved upward by 34 cents to 95 cents per share in the past 60 days.
INTC’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same on one occasion, the average surprise being 136.31%. Shares of INTC have gained 66.6% year to date.
The Zacks Consensus Estimate for Upwork's fourth-quarter 2023 earnings has remained unchanged for the past 90 days at 17 cents per share. For fiscal 2023, earnings estimates have been revised 11 cents upward to 48 cents per share in the past 60 days.
UPWK’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 326.89%. Shares of UPWK have soared 36.6% year to date.
The Zacks Consensus Estimate for Science Applications' fourth-quarter 2024 earnings has been revised downward by 4 cents to $1.43 per share in the past seven days. For fiscal 2024, earnings estimates have been revised 11 cents upward to $7.81 per share in the past seven days.
SAIC’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 27.39%. Shares of SAIC have climbed 15.5% year to date.