Intuit Inc. (NASDAQ: INTU) today announced that 61 more financial services companies are offering customers the ability to connect their financial data with their Quicken® software via Intuit's Open Financial Exchange-based Web Connect technology. Web Connect allows users to download updated account information from their financial institutions directly into Quicken.
The leader in efinance solutions, Intuit now provides online data connectivity to 745 banks, brokerages, credit unions, credit card companies and other financial services companies. Additionally, Intuit has business relationships with more than 40 technology companies actively marketing OFX-based connectivity to Intuit products. Intuit's software and Web services are the most connected financial solutions available today, accessible to more than 50 percent of all U.S. consumers. The 61 additional financial institutions represent the largest number of financial services companies to simultaneously introduce connectivity solutions through Intuit products since Intuit introduced online banking with Quicken in 1995.
"We see significant momentum in this space as more and more financial services companies realize the tremendous benefits of efinance connectivity for their customers," says Enrico Roderick, vice president and general manager of the Desktop Personal Finance Group. "Connecting customers and their financial data to Quicken absolutely revolutionizes the way people manage their personal and small business finances. Intuit has pioneered efinance connectivity at the desktop level since 1995 and continues to lead the industry as the solution provider of choice for financial institutions, billers and consumers."
Intuit's industry-leading Quicken personal finance management software is used by more than 11.6 million customers in the US. The recently-released Quicken 2000 software, with its streamlined usability and enhanced investment, tax and financial planning tools, is expected to expand the ranks of the more than one million Quicken customers currently banking and connecting with their financial institutions online. Additionally, there are more than 40 financial services companies using Intuit's connectivity solutions to offer online banking to small businesses via Intuit's QuickBooks® software.
Also fueling the growth in online banking is increasing adoption of Open Financial Exchange (OFX), the unified specification for the electronic exchange of financial data between financial institutions, business and consumers via the Internet. OFX is enabling more and more financial services companies to embrace Intuit's connectivity solutions.
Intuit is the leading provider of financial connectivity and solutions linking consumers and financial services companies. 745 banking, brokerage, mortgage, insurance and other financial services companies rely on Intuit's best-selling desktop financial software and one of the Web's most popular financial sites to better serve existing customers and also to acquire new customers.
