Monitise and Intuit Financial Services are forging a strategic alliance focused on delivering Mint to financial institutions through the former’s Enterprise technology platform.

The companies also plan to work collaboratively to identify additional joint opportunities, including the possibility of Intuit enhancing its mobile banking suite by leveraging Monitise’s m-commerce and m-payment solutions. The alliance will have an initial focus on Europe and the US. “Whether at work, home or on the go, people are increasingly using a multitude of devices to get the personalised financial insights they need to make better financial decisions and take action,” says CeCe Morken, general manager of Intuit Financial Services and senior vice president of Intuit. “Working with Monitise could provide even more consumers and small businesses access to these capabilities on the device of their choice, through the partner of their choice, consistent with our open platform strategy. Together we hope to solve a wider array of specific customer challenges and, ultimately, help financial institutions delight their customers.”

Customers of more than 500 US banks and credit unions currently use Intuit's mobile web, SMS and downloadable app solutions, while Monitise provides mobile money services to more than 300 financial institutions and partners.

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