Money Dashboard
{{Infobox company
| name = Money Dashboard
| logo = Money Dashboard Logo.png
| foundation = {{start date |2009}}
| founder = Gavin Littlejohn
| industry = Personal finance, Software
| area_served = United Kingdom
| products = Rich Internet application
| revenue =
| homepage = {{URL |https://www.moneydashboard.com }}
}}
Money Dashboard is a free online personal financial management service in the United Kingdom.{{cite web|title=UK PFM site Money Dashboard launches open beta| date=13 May 2010 |url=http://www.finextra.com/news/fullstory.aspx?newsitemid=21385|publisher=Finextra|access-date=13 May 2011}} It provides users with the ability to view all of their online financial accounts in one place{{cite news|title=Webscape: Tracking your money|url=http://news.bbc.co.uk/1/hi/programmes/click_online/9761356.stm|publisher=BBC|access-date=19 October 2012|date=19 October 2012}}{{cite news|last=Meyer|first=Julie|title=The UK is best placed to grab a tech dividend|url=https://www.telegraph.co.uk/finance/comment/9607063/The-UK-is-best-placed-to-grab-a-tech-dividend.html|publisher=The Telegraph|access-date=13 October 2012|location=London|date=13 October 2012}} 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.{{cite web|last=Sawers|first=Paul|title=Money Dashboard: Britain's Mint.com relaunches to help you manage your spending in incredible detail|date=31 August 2012 |url=https://thenextweb.com/apps/2012/08/31/money-dashboard/|publisher=The Next Web|access-date=31 August 2012}}
The app is powered by Yodlee, an account aggregation service used by many of the world's leading banks and financial institutions.{{cite news|title=Online money managers take strain out of finances|url=https://www.independent.co.uk/money/spend-save/online-money-managers-take-strain-out-of-finances-2205577.html|work=The Independent|access-date=6 February 2011|location=London|date=6 February 2011}}
The service is regarded as the UK's first significant personal finance service, an equivalent to Mint.com in the US,{{cite web|title=Finance Gets Personal| url=https://techcrunch.com/2011/01/19/money-dashboard-the-uks-answer-to-mint-com-exits-beta-with-consumer-push/|publisher=Techcrunch|access-date=19 January 2011}} 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.{{cite web|title=Money Matters|url=http://www.entrepreneurcountry.com/news-features/betterbusiness/item/1041-finance-gets-personal|publisher=Entrepreneur Country|access-date=18 April 2011}}
In 2015, it was reported to be the UK's largest personal financial management (PFM) provider, having attracted over 100,000 users.{{cite web|title=Tech Fundamentals - Money Dashboard| url=http://www.techcityinsider.net/fundamentals/money-dashboard/|publisher=TechInsider|access-date=11 May 2016}}
History
Money Dashboard was started in 2009 by serial entrepreneur Gavin Littlejohn,{{cite web|title=Money Matters|url=http://www.heraldscotland.com/business/corporate-sme/money-matters-1.1049598|publisher=The Herald|access-date=21 August 2010}} 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.{{cite web|title=Money Dashboard and Bank of Montreal launch PFM tools|url=http://www.vrl-financial-news.com/retail-banking/retail-banker-intl/issues/rbi-2011/rbi-645/money-dashboard-and-bank-of-mo.aspx|publisher=Retail Banker International|access-date=19 January 2011|archive-url=https://web.archive.org/web/20121005105604/http://www.vrl-financial-news.com/retail-banking/retail-banker-intl/issues/rbi-2011/rbi-645/money-dashboard-and-bank-of-mo.aspx|archive-date=5 October 2012|url-status=dead}} In 2012, the company launched the second version of its service.{{cite web|title=Money Dashboard 2.0 launched|url=http://www.themoneypages.com/latest-news/money-dashboard-2-0-launched/|publisher=The Money Pages|access-date=1 September 2012}} Since that time, it has 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) {{cite web|title=Group Launches to give Bank Customers Control of their Finances|url= http://fdata.org.uk/news-release-16-12-14/|publisher=FDATA|access-date=1 June 2016}} 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 full control of their financial information and so make better decisions.
In 2015, Steve Tigar was appointed as CEO.
Money Dashboard, along with Moneybox and Plum, is among the new direct payment systems considered in the UK's Open Banking standard and implementation of the EU's Payment Services Directive also known as PSD2.{{Cite news|url=https://www.reuters.com/article/us-eu-payment-regulation/european-banks-braced-for-slow-burn-payments-revolution-idUSKBN1EZ2CU|title=European banks braced for 'slow burn' payments revolution|date=2018-01-10|work=Reuters|access-date=2018-01-11}}
In May 2022 it was announced that Money Dashboard had been acquired by the ClearScore Group.{{cite web |url= https://dailybusinessgroup.co.uk/2022/05/clearscore-buys-budgeting-platform-money-dashboard/|title= ClearScore buys budgeting platform Money Dashboard|date= 2022-05-20|website= Daily Business|access-date= 2022-05-27}}
Both the web and mobile applications permanently closed to users on 31st October 2023.{{cite web |url=https://www.moneydashboard.com/faq|access-date= 2023-10-03|website= Money Dashboard|title= Help Saving Money | Free Budget Planner FAQs | Money Dashboard}}
References
{{Reflist}}
External links
- [https://www.moneydashboard.com Money Dashboard]