New York, NY (PRWEB) September 9, 2010
CashEdge Inc. (http://www.cashedge.com), provider of AllData, the only premium account aggregation service, today announced that it will offer its industry-leading aggregation service to power exciting new features in Bundle’s My Money toolset. My Money adds personal financial management tools complementing Bundle’s groundbreaking comparison tool, Everybody’s Money, the most comprehensive collection of free spending and savings data on the web.
"Aggregation technology has allowed us to expand our business proposition in ways that can deliver significant value to our customers. This brings us closer to our vision of Socially Informed Money Management," said Jaidev Shergill, CEO of Bundle. “The highly reliable, comprehensive and far-reaching financial information that AllData delivers will allow us to provide more information to help our users become more informed about their financial situation.”
Bundle allows users to search financial information of people like themselves to see how they spend money in categories including dining out, groceries, gas, entertainment and travel. Visitors can modify the results by age, income, and household status. The results can also be broken down even further to include spending in a specific area and at what stores, restaurants and businesses people are doing their spending.
“Account aggregation provides invaluable information to consumers across the financial spectrum and working with Bundle allows us to deliver the benefits of aggregation to the segment of the financial community looking for world-class personal financial management tools,” said Tom Roberts, General Manager of Aggregation for CashEdge. “We look forward to working with Bundle as they continue to innovate and provide their users with an insightful outlook into their financial future.”
AllData will provide Bundle with detailed, accurate and timely financial data for its users from more than 12,000 data sources, including bank accounts, credit cards, investment and retirement accounts, insurance plans, mortgages and annuities.
This aggregated data allows Bundle to provide its visitors with a consolidated view of their peers’ financial situation, specifically showing how they are planning and budgeting. This enables users to compare their financial situation in real terms with their peers and allows them to see how they can better manage their personal finances.
“We are pleased to be working with Bundle.com to integrate our industry-leading aggregation technology into their innovative, forward thinking approach to Personal Finance Management. This unique approach will provide consumers with new tools to improve their financial decision making and we’re happy to be able to support it” said Sanjeev Dheer, CEO & President, CashEdge.
About CashEdge AllData Aggregation
CashEdge’s AllData, the only premium account aggregation service that delivers a complete view of a person’s financial picture to power better-informed financial decisions across the financial spectrum and provide institutions with stronger, more meaningful customer relationships and opportunities for additional revenue. Scalable, flexible and highly secure, AllData provides a complete view of a person’s financial picture, delivering aggregated data from more than 12,000 sources, including banking, investment, retirement, insurance, credit card, mortgages and annuities.
CashEdge is headquartered in New York with offices in Silicon Valley and India. For more information, visit http://www.cashedge.com.
Bundle is a new social media company dedicated to helping people make smarter spending and saving choices through comparison, community and one of the most extensive collections of free spending data on the web. Bundle is based in New York and supported through investments from strategic partners that include Citigroup, Microsoft and Morningstar.
For a complete press kit, please visit http://www.bundle.com/press.