Jack Henry Partners with Pair of PFMs
Jack Henry & Associates has inked a pair of strategic partnerships to market personal financial management (PFM) solutions to its customer credit unions and banks.
They are the FinanceWorks product from Intuit Financial Services and OurCashFlow from Lodo Software Inc., the company said, adding that the latter uses aggregation services from CashEdge, calling for a third remarketing agreement.
"While it is highly unusual for Jack Henry & Associates to offer two similar solutions, we felt it was important to give our diverse clients a choice. ... While there are functional distinctions, both solutions support personal and small business accounts, budgeting, internal and external account aggregation, and categorization," said Pete Hopkins, general manager of Internet Solutions at Jack Henry, the Missouri-based firm whose client list of 10,800 institutions includes users of the Symitar core processing platform for credit unions.
FinanceWorks is a product of California-based Intuit Financial Services, formerly Digital Insight. Lodo Software is based in Omaha, Neb., and specializes in PFM solutions for banks.