lovemoney.com Launches UK Online Money Management Service

REDWOOD CITY, Calif., Jan. 20 /PRNewswire/ -- Consumer finance website, lovemoney.com, one of the fastest growing consumer sites in the UK, has launched a new Yodlee-powered online money management service, enabling their more than 600,000 registered users to manage all their money in one place and truly take control of their finances.

lovemoney.com managing director, Saul Devine, comments: "The world doesn't need just another comparison site. From the beginning, lovemoney.com has been focused on helping to improve people's everyday finances. 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."

Anil Arora, CEO of Yodlee, stated, "Yodlee has been leading provider of PFM -- personal financial management -- solutions for more than 10 years and currently powers more than 85% of all PFM users. 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."  

Benefits of lovemoney.com include:

• A complete, integrated view for users, capturing their income and expenditures all in one place.
• Detailed analysis of spending behaviors over the last calendar month, demonstrating  the proportion of your income you withdraw, how much you spend on your mortgage, bills, grocery shopping, entertainment and even shoes and handbags.
• A digital spending diary provides users with an at-a-glance look into where they may be overspending.
• The highest level of online security with the same level of encryption as banks and credit card companies.
• A constantly evolving platform for user feedback.

Saul Devine adds, "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."

Notes to editors

For further information or to arrange an interview with Saul Devine, please contact Emma Davies on 020 7297 8143 or [email protected]

• Read the lovemoney.com blogs at http://www.lovemoney.com/blog
• Follow lovemoney.com on Twitter http://twitter.com/lovemoney_com

About lovemoney.com

lovemoney.com is an independent, employee-owned personal finance site that provides expert help, intelligent discussion areas and market leading comparison tools. lovemoney.com was established in 2009 by the personal finance team at the award-winning website, Fool.co.uk.  

About Yodlee

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 personal finance 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, forever. Yodlee makes financial institution and portal 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 account sources and over 100,000 different account types. More than 100 leading financial institutions and portals offer Yodlee-powered solutions to millions of customers worldwide. Yodlee is headquartered in Redwood City, California. For more information, log on to www.yodlee.com.

SOURCE Yodlee