ProfitStars, a division of Jack Henry & Associates, Inc. (NASDAQ:JKHY) that provides solutions to improve the performance of financial institutions and diverse corporate entities, today announced that it has renamed its Andiamo solution to Banno Mobile.
Andiamo was introduced in July 2013 as a mobile payments solution developed through ProfitStars' partnership with Banno. It was sold by ProfitStars' iPay Solutions™ group, and realized rapid success among its non-core banks and credit unions. As the partnership flourished, operational commonalities were identified between Banno and ProfitStars, leading to Jack Henry & Associates' acquisition of Banno. Since that time, JHA and Banno management teams have been busy integrating operational and marketing roadmaps. The decision to rename Andiamo to Banno Mobile is a nod to Banno's strong brand recognition in the online and mobile banking space and solid reputation among its clients.
Banno Mobile is a mobile banking app that enables financial institutions of all sizes to offer the latest innovative solutions in mobile banking. It lays the foundation for the mobile wallet by allowing customers and members to aggregate their balances and transactional data from multiple financial institutions into a single app. Banno Mobile includes mobile bill pay and remote deposit capture services that are not tethered to the online banking experience.
Banno Mobile allows customers and members to do more with their finances by going beyond traditional mobile banking. The solution includes native transaction enrichment that allows end users to geo-locate, tag, better search, and attach notes and images across all of their financial transactions.
According to David Foss, president of ProfitStars, "Banno Mobile is a comprehensive solution that appeals to our progressive financial institutions and their on-the-go customers. The evolution and repositioning of this product is a testament to how we're successfully combining our strengths with Banno's in a way that maximizes the value and visibility of our online and mobile suite."