Jack Henry turns to Geezeo for personal finance management tools
Jack Henry and Geezeo team up
Jack Henry & Associates, one of the “big four” banking technology vendors in the US, has joined forces with personal financial management (PFM) firm Geezeo to help consumers manage their finances.
Geezeo is a white-label PFM provider for banks and credit unions in the US. The new service – JHA Online Financial Management – integrates transaction data from Jack Henry’s systems using the Geezeo platform to provide consumers with PFM tools such as transaction categorisation, budgeting, alerts and cash flow calendars.
It can also help banks and credit unions to compile the financial and behavioural data “to generate accurate consumer insights and highly targeted promotional offers”, according to the two companies.
“The integration between digital banking, core data, and financial management tools is a critical part of today’s user experience,” states David Foss, Jack Henry’s president and CEO.
“Beyond being a digital differentiator, this enables financial institutions to create a nurturing environment where they can have more of an impact on consumers’ financial health.”
Last year, Geezeo inked a similar deal with another domestic core banking software provider, Nymbus. Nymbus is a newcomer to the US fintech space and hopes to take on Jack Henry and other “big four” incumbents with its Smartcore offering.
