Payments processing services firm Jack Henry & Associates is growing its alliance with Autobooks to integrate payment and invoicing competencies directly within the Banno Digital Platform.
“We’re fostering relationships with leaders in the space and enabling innovation to happen on behalf of our clients, creating more of an inclusive community where everyone wins,” Ben Metz, head of digital at Jack Henry, said in a Wednesday (July 28) press release.
Metz added that by integrating FinTechs such as Autobooks into Jack Henry’s open banking landscape, financial institutions are liberated to extend enhanced “financial experiences and own their business relationships.”
Over 500 community banks and credit unions, in addition to the 5 million-plus registered users of Banno Digital, are being offered enhanced solutions at no charge. The new tools will give them the full-scale digital tools they need to support local businesses.
The partnership with Autobooks puts Jack Henry in the position of being the first major FinTech firm to incorporate receivables tools as a regular digital banking tool, according to the press release.
“There’s never been a greater sense of urgency to provide small businesses with the tools they need to improve cash flow and grow. By partnering with Jack Henry, we’re helping financial institutions succeed and remain at the center of their customers’ financial lives with relevant, contextual, and self-service digital tools,” said Autobooks CEO Steve Robert.
“The Banno Digital Platform represents a new era for financial institutions to bring small business-focused solutions to market much quicker, ultimately driving meaningful outcomes for both the institution and its customers,” Robert added.
Headquartered in Detroit, Autobooks provides integrated payments to small businesses and tools for invoicing, payments and automated accounting. The company’s pre-built integrations include digital banking, merchant processing solutions and more.
Jack Henry, headquartered in Missouri, is a Software-as-a-Service (SaaS) provider that largely focuses on the financial services industry and serves an estimated 8,500 clients across the U.S.
Autobooks teamed with Bottomline’s Digital Banking IQ system in May. The collaboration will combine Bottomline’s digital banking system with Autobook’s back-office services.