Intuit and Bottomline Technologies have partnered to use core expertise and combined market strength to deliver innovative products and services for businesses to the banking and financial services industry. The two companies plan to bring more innovative business banking offerings to more financial institutions faster using Bottomline’s services-oriented architecture (SOA) and Intuit’s open platform architecture.
As part of the partnership, Bottomline will acquire the commercial banking business from Intuit’s financial services segment.
Rob Eberle, president and chief executive officer (CEO) of Bottomline, said: “We will accelerate the transition of our commercial banking solution set to the cloud. This will allow us to better serve not only the large banks we currently focus on, but also to offer an extremely attractive proposition for the many medium-sized and smaller financial institutions which make up the majority of the banking market today.”
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