Jack Henry & Associates acquires digital banking platform Geezeo

Jack Henry & Associates, a payment processor, has acquired digital financial management startup Geezeo.

Founded in 2006, Geezeo offers a selection of solutions designed to support the digital banking space. The company processes, augments and stores millions of transactions.

Open APIs empower financial institutions to build and enhance their digital banking systems to access new opportunities. The Boston-based company offers tools to increase engagement, such as personal finance management tools, financial alerts, such as bills, saving and spending, account aggregation, and integration with existing mobile banking technology.

In addition to this, Geezeo supplies data insights and analytics for identifying risks, customer financial behaviour and customer segmentation.

Jack Henry & Associates vice president Ron Moses said, “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.

“We’ve been strong business partners with Geezeo for years, and we’re excited to have them join Jack Henry, bringing their outstanding technology and talent to continue enhancing our digital platform.”

The solutions of Geezeo will be sold to the core bank and credit union clients of Jack Henry.

Jack Henry & Associates is a technology solution developer and payments processor, supporting banks across the US with services such as online banking, fraud mitigation, data analytics, and onboarding.

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