Besides offering an integrated view for users, capturing their income and expenditures all in one place it provides detailed analysis of spending behaviors over the last calendar month. Further, a digital spending diary provides users with an at-a-glance look into where they may be overspending and a platform for user feedback.
Anil Arora, CEO of Yodlee, said: “Smart money management is essential for consumers and banks to succeed, and we see this alliance with lovemoney.com as another important step in our organization’s global growth.”
Saul Devine, managing director of lovemoney.com, said: “We want to cut through the clutter that surrounds finance to help people have a better relationship with their money. In the coming months we will develop the social aspects of lovemoney.com, enabling us to connect people through shared interests or financial goals.
“Once connected, people can benchmark themselves against people with similar profiles so they can learn from each other and the community can evolve together.”
California-based Yodlee offers online money management applications like personal finance management, payments, and customer acquisition solutions to financial institutions.
