Core banking platforms and digital channels form the foundation of how financial institutions operate and serve customers. Together, they determine how transaction data is captured, understood, and ultimately turned into value for accountholders.
Jack Henry is a long-standing leader across both core and digital banking, with Banno acting as the primary digital interface between financial institutions and their customers. We’re proud to share that Bud has been working closely with Jack Henry to integrate our Enrich product into the Banno platform, enabling native transaction enrichment at scale.
This integration is now live and operating in production with over 250 Banno customers, processing transaction volumes that rival those of the largest U.S. financial institutions. It marks a significant milestone in bringing high-quality, enterprise-grade transaction enrichment directly into a leading digital banking platform.
With evolving spending patterns and ongoing financial challenges and opportunities, gaining a firm grasp on individual finances is more important than ever. Understanding financial transactions is essential for both financial institutions and their accountholders. As a first step in expanding its enrichment offerings, Jack Henry is integrating Bud’s Enrich product into Banno to provide high-quality transaction categorization and merchant detection with exceptional accuracy and speed. This enhancement helps the Banno platform deliver even more user value while giving financial institutions actionable data to personalize experiences and inform decisions.
“Integrating this capability into Banno will give clients clearer visibility into spending behaviors and merchant activity, enabling them to deliver more relevant and trusted experiences,” said Julie Morlan, Assistant Vice President of Core and Digital Product Management at Jack Henry. “Enrichment technology is imperative as we continue to evolve our human-focused user experience that provides the most intuitive and immediately insightful experience possible.”
“Bud was founded to make financial data truly useful,” said Edward Maslaveckas, CEO of Bud. “We’re thrilled to work with Jack Henry to bring our transaction enrichment to Banno. Together, we’re equipping banks and credit unions with cleaner, smarter transaction data so they can deliver intuitive digital experiences today and unlock powerful data-driven opportunities tomorrow.”
With native transaction enrichment now available on-request to Banno customers, financial institutions can expect:
Bud’s Enrich platform combines enterprise-scale performance with high-quality enrichment, forming the foundation for Bud’s wider product suite to help financial institutions turn transaction data into better digital experiences, deeper customer understanding, and smarter decisions.
Want to learn more? Get in touch to see how Bud-powered transaction enrichment can help your institution deliver clearer insights, better digital experiences, and more value from transaction data.
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