Intuit, makers of Quicken and QuickBooks, is making its popular online personal finance service Mint available to financial institutions. As Ron Shevlin, senior analyst at Aite Group, told American Banker, “I’m surprised it took so long“.
Indeed, you could see this move coming at least three years ago when Aaron Patzer, Mint’s founder and then Intuit VP and GM of personal finance said, “Quicken Online will be going away, and we’ll be migrating to Mint“. At the time, he also suggested that Intuit “will have desktop products for at least another five years, simply due to comfort level more than anything else”. We’re two years away from that deadline. Could this be the first step to putting an end to desktop Quicken?
That would be premature.