Fintech Powerhouse Jack Henry Acquires PFM Provider Geezeo
Jack Henry plans to offer Geezeo solutions to its core credit union and bank clients.
Monett, Mo based provider of financial technology and payment processing Jack Henry & Associates announced the acquisition of Braintree, Mass.-based provider of retail and business digital financial management solutions Geezeo.
Founded in 2006, Geezeo, a privately held company, evolved from a white label personal financial management provider to a strategic fintech partner of financial institutions, core processors, and complementary digital banking solutions. By processing, augmenting and storing millions of transactions, Geezeo occupies a key role with their clients as a data partner. Geezeo’s open and user-centric application programming interface allows for flexible integration within most financial institutions’ online and mobile banking environments. By integrating, financial institutions maintain their brand’s look and feel, while creating differentiated digital banking experiences that could translate into higher revenue opportunities and increased customer engagement.
According to Ron Moses, vice president of Jack Henry & Associates and general manager of consumer and commercial solutions, “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 personalized, seamless and appropriately simple digital banking solutions. Geezeo takes personal financial management 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.”
Shawn Ward, CEO and co-founder of Geezeo, said, “We’ve already enjoyed a long relationship with Jack Henry & Associates, so we’re thrilled by this acquisition. We look forward to what comes next as Jack Henry continues to build best-in-class digital platforms for financial institutions.”
Jack Henry plans to offer Geezeo solutions to its core credit union and bank clients and to non-core clients, supported by its ProfitStars division. The companies did not disclose terms of the acquisition.