Intuit

Intuit and Ramp, two firms that work with fintechs that compete with banks, are using agentic artificial intelligence to automate mundane tasks.

The agency's recent update to its guidelines for banks on working with data aggregators and other third parties was not extreme, but some critics say its heavy emphasis on security could be a setback for open banking.

The Supreme Court will hear arguments on the agency’s structure; the company, desperate after losing Costco’s business, allegedly pressured and misled applicants.

Payments firm announces leadership changes; the bank will place restrictions on fossil fuel lending while adding to sustainable projects.

Observers speculate that Intuit simply wants to enhance revenue and protect its tax software business, but the CEOs of each company say the deal would also give consumers more control of their overall finances.

Intuit’s reportedly nearing a $7 billion deal to acquire Credit Karma, giving it an offering that could empower fintechs to more closely encroach on bank territory.

Intuit has agreed to buy Credit Karma for $7.1 billion. The move is seen as a way for Intuit to get access to more consumer behavior data, generate new sources of income and potentially protect a key business.

The deal, which could be announced Monday, would push the TurboTax maker into consumer finance; the bank would follow U.S. rival Goldman Sachs into the British market.

Thirty-seven years after the release of Quicken desktop software, the company is launching a streamlined app to reach a new demographic.

Intuit has partnered with Visa to enable QuickBooks users to get faster access to funds through Visa Direct, the network’s debit push payments service.

OFX is used by 7,000 banks while FDX is used by 2 million consumers. The two standards are converging.

Intuit has added new features to QuickBooks Payroll so employers can make payroll at the last minute, delivering same-day paychecks to workers with the option to make direct deposits to contract employees.

As more small businesses hire workers for short-term gigs, Intuit is adding features to QuickBooks to streamline the paperwork around paying these contract employees.

Another goal of the integration is to encourage more small businesses to convert from paper to electronic payments.

By partnering with Intuit, Wells Fargo is continuing its journey toward API-based data sharing, and away from screen scraping.

How can AI help consumers spend and save wisely? If friction should be added back into the system, can we put it where it is useful, not frustrating?

The Open Financial Exchange has 7,000 installations. More than a decade ago, the industry saw the data standard as the solution to screen scraping, a practice that bedevils them today.

Intuit's personal finance app Mint has launched a bill tracking and payment function to keep customers on top of their bill management.

Transaction records reveal a lot about consumers that can go a long way toward building marketing campaigns that keeps them coming back.

Small merchants need to adopt omnichannel, but it can be difficult in a low resource environment. Staying flexible to add technology fast is key.