MONETT, Mo., Oct. 10, 2012 /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 ProfitStars® division introduced today MaxConnect Interactive™, which offers the hosted integration between clients' core processing system and Margin Maximizer Interactive™ (MMi), a Web-based loan and deposit pricing engine. The solution is supported by Microsoft ® Silverlight, its application framework, and Windows ® Azure, the cloud computing platform.
ProfitStars' MMi helps financial institutions bring greater control, discipline, and consistency to pricing, enabling them to maximize net interest income and better qualify growth opportunities. It provides all the benefits of cloud computing, including access to configurable pricing capabilities from any location at any time; limitless capacity that can be scaled on demand with an unlimited number of seats at no additional expense; and lower costs due to the elimination of hardware purchases and upgrades, software installation, and on-premise client/server application support.
The availability of MaxConnect Interactive allows financial institutions to more fully benefit from the online management and reporting of MMi, automating the input of all loans and relationships residing within any core system but not previously entered into MMi. The result is increased accuracy of deposit, loan, and relationship data populating the MMi database via regular updates.
According to David Foss, president of ProfitStars, "The evolving regulatory environment, recovering economy, and competition for quality credits challenge most lending departments. What we offer through Margin Maximizer gives lenders the help they need to accurately determine the profitability of each loan and more effectively address dynamic regulatory requirements such as documentation of loan pricing decisions and the impact new capital requirements have on product profitability."Margin Maximizer clients have outperformed the industry on net interest margin by a 16 basis points average during the last six years, with performance exceeding the industry every quarter during that period.