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So, the parent companies have sold the JV to Intuit.
CeCe Morken, president, Intuit Financial Services, says: “People and businesses are increasingly using mobile devices to get and manage financial information while on the go – they’re always connected. This acquisition will help us more rapidly bring new solutions to market so financial institutions can deliver important insights and services when and where their customers need them.”
Intuit’s already strong in consumer and small business software, i.e. Turbo Tax and Quick Books. By expanding its mobile capabilities, Intuit’s banking channel should be able to offer useful services to individuals and expand its small business offerings.