Banking software provider Jack Henry & Associates has purchased Geezeo, which offers retail and business financial management solutions.
The companies did not reveal the value of the deal.
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The transaction builds on the existing partnership between the two parties.
Headquartered in Boston, Geezeo was set up in 2006.
The firm integrates with financial institutions’ online and mobile banking platforms through an API.
At present, Geezeo counts around 500 financial services providers as clients.
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By GlobalDataUnder the agreement, core bank as well as credit union clients of Jack Henry will gain access to Geezeo solutions.
Jack Henry’s non-core customers working with the ProfitStars unit can also avail Geezeo tools.
Commenting on the transaction, Jack Henry & Associates vice president and general manager of consumer and commercial solutions Ron Moses said: “Consumers and businesses are relying on digital technologies now more than ever, and Jack Henry is committed to ensuring our clients are future-ready with personalised, seamless and appropriately simple digital banking solutions.
“Geezeo takes personal financial management (PFM) to the next level, using relevant data to create meaningful interactions between financial institutions and accountholders.
“The result is better control for consumers and businesses over their daily and long-term finances so they can achieve greater financial confidence.”
