Lovemoney launches UK online money management service
21 January 2010 | 10061 views | 1
UK consumer finance Web site lovemoney has launched an online money management service powered by technology from US outfit Yodlee.
Established last year by the team behind Fool.co.uk, lovemoney provides price comparison tools and personal finance information.
Now the site has moved to replicate US sites such as Mint and Wesabe by offering a variety of money management tools that tap Yodlee's technology.
The site gives users an integrated view of their income and expenditures all in one place, offering a detailed analysis of spending behaviours, demonstrating the proportion of income withdrawn and how much is spent on things like mortgages, bills, grocery shopping and entertainment.
In addition, a digital spending diary provides users with an at-a-glance look into where they may be overspending.
Saul Devine, MD, lovemoney, says: "People waste time and lose money on bad financial decisions and it doesn't have to be that way. With our online money management service, we are giving people the tools to keep more of their hard earned money in their pocket."
Lovemoney will face competition from another new UK personal finance management service, Money Dashboard, which plans to launch soon, also tapping Yodlee technology.