Mx and H&R Block together launched the Spruce mobile banking platform to promote greater financial inclusion. MX is the financial data platform and leader in modern connectivity. Spruce provides customers with increased transparency into how they spend, save, and manage their money, as well as assistance in reaching their financial objectives, thanks to MX data improvement. MetaBank, N.A. is the issuer of Spruce.
Spruce contributes to financial inclusion for millions of Americans by providing increased transparency, access, and assistance in achieving financial goals.
Les Whiting, Chief Financial Services Officer, H&R Block said, "MX's data will enhance the customer experience of our Spruce mobile banking platform and provide the visibility and insights customers need into their finances. MX's data enhancement capabilities are an important feature of the Spruce mobile banking platform.”
Spruce combines premier neobank capabilities and H&R Block's trusted knowledge with MX's industry-leading data augmentation solutions. With MX's data upgrade, Spruce customers will have a complete view of their spending history with merchant names and locations. The Spruce mobile banking software is intended to assist individuals who wish to improve their money management skills.
"H&R Block helps millions of Americans every year with their tax returns. This is the next step and we're excited to partner with them for the launch of Spruce."
Nate Gardner, Chief Customer Officer, MX