(Omaha, Neb.) September 16, 2013 – Lodo Software, Inc., provider of Data Driven Digital™ banking solutions (www.D3Banking.com), announced today that 200 financial institutions have adopted its personal financial management solution through its partnership with Jack Henry & Associates, Inc.® (www.jackhenry.com). Each financial institution offers OurCashFlow™, the Lodo solution, fully integrated with Jack Henry & Associates’ NetTeller® Online Banking system.
“We are pleased with the rapid acceleration of personal financial management usage among our credit unions and banks,” said John Venzon, General Manager of Internet Solutions at Jack Henry & Associates. “These leading institutions are providing their customers with an easy way to better manage their financial health. At the same time, each of these organizations is now better able to understand what products and services those customers need to reach their financial goals.”
Lodo’s personal financial management solution automatically establishes budgets for end users that can then be customized to meet the individual’s needs, categorizes transactions according to budget categories and tracks individual’s spending patterns. During the past 18 months, end user adoption of OurCashFlow by Jack Henry & Associates’ bank and credit union clients has grown more than 600 percent.
“The rate of end user adoption by customers at Jack Henry & Associates’ institutions has been impressive,” said Mark Vipond, CEO at Lodo Software. “A key reason for this is that more banks and credit unions are taking the time to promote the value of personal financial management to their customers.”
Vipond added, “Another important contributor to this trend is the level of convenience we offer in our solution. Most users would benefit from better tracking and planning around their personal finances but most won’t do that if it complicates their lives further. We at Lodo automate as much of the process as possible while still providing the flexibility the end user needs to personalize the experience.”
About Jack Henry & Associates
Jack Henry & Associates, Inc.® (NASDAQ: JKHY) is a leading provider of computer systems and electronic payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,300 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community to mid-tier institutions with information processing solutions. Symitar® is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides best-of-breed solutions that enhance the performance of domestic and international financial institutions of all asset sizes and charters using any core processing system, as well as diverse corporate entities. Additional information is available at www.jackhenry.com.
About Lodo Software
Lodo Software delivers Data Driven Digital™ banking that provides the end user with a consistent, personalized experience anytime, anywhere, on any device. D3 Banking provides a comprehensive set of capabilities that empower the individual and provides banks and credit unions with cross-selling tools designed to meet the needs of their customers at various stages in life. Founded in 2007, Lodo is headquartered in Omaha, Nebraska, with software development based in Denver, Colorado.