Money Dashboard
 | |
| Industry | Personal finance, Software |
|---|---|
| Founded | 2009 |
| Founder | Gavin Littlejohn |
| Headquarters | Edinburgh, UK |
Area served | United Kingdom |
| Products | Rich Internet application |
| Revenue | N/A |
| Website | www.moneydashboard.com |
Money Dashboard is a free online personal financial management service in the United Kingdom.[1] It provides users with the ability to view all of their online financial accounts in one place[2][3] and categorises and analyses all of their transactions so they can understand how they use money. The app aims to help consumers make better financial decisions and budget for the future.[4]
The app is powered by Yodlee, an account aggregation service used by many of the world’s leading banks and financial institutions.[5]
The service is regarded as the UK’s first significant personal finance service, an equivalent to Mint.com in the US,[6] and promotes a strong emphasis on security. It is a read-only application and does not store users bank account usernames, ID’s or passwords; data services are handled by Yodlee.[7]
In 2015 it was reported to be the UK's largest PFM provider, having attracted over 100,000 users.[8]
History
Money Dashboard was started in 2009 by serial entrepreneur Gavin Littlejohn,[9] and officially launched the first version of its service in 2011, which was developed with the intention to offer a free and easy solution to consumers who have lost control or who are struggling to control their finances.[10] In 2012 the company launched the second version of its service.[11] Since that time it has been continued to release upgrades to its service, including launching applications on both iOS and Android. This has included facilities to identify and promote money saving opportunities to consumers, such as product switching.
In 2014 it was a founding member of the Financial Data and Technology Association (FDATA) [12] a FinTech trade association that works with government, regulators and financial industry stakeholders to securely open up access to customer financial data so that consumers can be empowered to have fully control of their financial information and so make better decisions.
In 2015, Steve Tigar was appointed as CEO.
In 2016, in conjunction with FData, Money Dashboard became involved in working on the development of the UK's Open Banking Standard and implementation of the EU's Payment Services Directive also known as PSD2.
References
- ↑ "UK PFM site Money Dashboard launches open beta". Finextra. Retrieved 13 May 2011.
- ↑ "Webscape: Tracking your money". BBC. 19 October 2012. Retrieved 19 October 2012.
- ↑ Meyer, Julie (13 October 2012). "The UK is best placed to grab a tech dividend". London: The Telegraph. Retrieved 13 October 2012.
- ↑ Sawers, Paul. "Money Dashboard: Britain's Mint.com relaunches to help you manage your spending in incredible detail". The Next Web. Retrieved 31 August 2012.
- ↑ "Online money managers take strain out of finances". London: The Independent. 6 February 2011. Retrieved 6 February 2011.
- ↑ "Finance Gets Personal". Techcrunch. Retrieved 19 January 2011.
- ↑ "Money Matters". Entrepreneur Country. Retrieved 18 April 2011.
- ↑ "Tech Fundamentals - Money Dashboard". TechInsider. Retrieved 11 May 2016.
- ↑ "Money Matters". The Herald. Retrieved 21 August 2010.
- ↑ "Money Dashboard and Bank of Montreal launch PFM tools". Retail Banker International. Retrieved 19 January 2011.
- ↑ "Money Dashboard 2.0 launched". The Money Pages. Retrieved 1 September 2012.
- ↑ "Group Launches to give Bank Customers Control of their Finances". FDATA. Retrieved 1 June 2016.