Intuit's Digital Insight Releases FinanceWorks
Intuit's Digital Insight unit has announced the availability of its FinanceWorks online financial management solutions for banks that "makes it possible for consumers to manage accounts across more than 5,000 financial institutions and credit card sites, ensure bills are paid on time regardless of the method they use to pay them, and see where their money is going, including future transactions. All this within the financial institution’s Web site."
“Leveraging the magic of Digital Insight and Intuit to deliver FinanceWorks, we are solving the most pressing needs of consumers and placing our client financial institutions at the center of their customers’ lives,” said Sasan Goodarzi, president of Digital Insight. “Nearly 80 percent of FinanceWorks users say they’re more likely to recommend their bank or credit union based solely on their FinanceWorks experience. Just imagine the tremendous growth opportunities we will deliver for our clients in the future.”
Currently more than 60 financial institutions are either live, in the implementation process, or contracted to offer FinanceWorks in the coming weeks. End user reaction so far supports the vision that FinanceWorks will make people more likely to recommend their financial institution to others. This is important since Digital Insight research shows that a quarter of all new customers have switched financial institutions based on the recommendation of a friend or family member.
“Our customers’ feedback on FinanceWorks has been overwhelmingly positive,” said Michael Lindsey, senior vice president, BancorpSouth in Tupelo, Mississippi. “Given the desire of Americans to get better control on their finances during tough economic times, we can see how this new capability could help drive even greater customer loyalty for BancorpSouth because it helps customers solve important financial tasks easily and all in one place.”
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