Boursorama and Yodlee Announce Expanded Money Center Services
Integrated import of accounts from multiple banks and advanced budget management tools empower French consumers to control all aspects of their financial lives
REDWOOD CITY, Calif. and PARIS, April 19, 2011 /PRNewswire/ -- Yodlee, Inc., the leading provider of online personal financial management (PFM) and revenue-generating payments solutions, and Boursorama, a member of the Societe Generale Group and a major force in European financial services, today announced the launch of significant new services, powered by Yodlee, within Boursorama's Money Center personal financial management tool.
Boursorama is the first financial services provider in France to offer secure and comprehensive personal financial management to its customers. Money Center is available free of charge to Boursorama Banque's customers.
The Boursorama Money Center service enables customers to:
- Perform detailed budget management: Track and analyse spending by category and create alerts to understand and control personal budgeting
- Track assets and investments: Follow the value and amortization of assets and investments
- Manage scheduled transactions: Evaluate finances in the context of scheduled payments and transfers
- Review historical data: Information in Money Center does not expire, so users can review historical trends to gain valuable and actionable insight
Yodlee solution allows users to also:
- Automatically import accounts from any major French bank with only a few clicks to receive a comprehensive and actionable overview of finances and transactions
- Receive automatically updated data: All integrated bank account information is updated daily
"Because more than a third of French consumers have accounts in multiple banks(1) and with an ever-growing demand for secure and comprehensive PFM services from European consumers, Boursorama is in a great position to offer a valued and compelling consumer service," said Jason O'Shaughnessy, Yodlee's Managing Director, EMEA. "We are pleased to be working with Boursorama to bring these powerful money management capabilities to the French market."
"The Money Center service is the first PFM tool of its kind in France and through the new applications powered by Yodlee: automatic external account linking, we have provided a unique and innovative service to our clients," said Ines Mercereau, Chairman and CEO of Boursorama.
For more information, visit https://www.boursorama.com/moneycenter/index.phtml.
Leading financial institutions and portals trust Yodlee to power critical online banking applications that increase profitability and drive more value from the online channel. Yodlee's proven, patented personal financial management, payments, and customer acquisition solutions unify all personal financial account information to deliver a simple, centralized and secure way for consumers to manage all of their financial tasks anytime, anywhere. Yodlee makes financial institutions' websites essential to their customers and generates new deposit and revenue opportunities. Yodlee's patented data, payments and risk management utility supports more than 12,000 unique account sources and over 120,000 different account types. More than 300 leading financial institutions and portals offer Yodlee-powered solutions to millions of customers worldwide. Yodlee is headquartered in Redwood City, California. For more information, visit www.yodlee.com.
Founded in 1995, Boursorama is a major player in online savings in Europe and is part of the Societe Generale Group, with more than 6.2 million orders executed in 2010, 711,988 direct accounts and total assets under management of around euro 15bn at end-2010. Boursorama Group is present in four countries. In France, it is market leader in online financial information with the www.boursorama.com portal and a key player in online banking under the Boursorama Banque brand. It is a key online broker in the United Kingdom and Spain under the respective brands of Self Trade and Self Bank. In Germany, Boursorama holds 92.9% of the shares of OnVista AG, and operates under the OnVista Bank brand. Boursorama is listed on Eurolist by Euronext Paris - compartment B - ISIN: FR0000075228 (BRS) – Reuters: FMTX.LN – Bloomberg BRS FP. For all the latest financial news on Boursorama, go to: http://Groupe.boursorama.fr
Yodlee, Yodlee 10, and Yodlee FinApp Store are trademarks or registered trademarks of Yodlee, Inc.
(1) Report on banking tariffs by Georges Pauget and Emmanuel Constans, July, 2010
SOURCE Yodlee, Inc.
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