CHARLOTTE, N.C., Sept. 29, 2020 /PRNewswire/ -- LendingTree®,
the nation's leading online loan marketplace, today announced the
launch of a series of new features for My LendingTree users to help
consumers better manage their financial lives. The LendingTree app
can now connect directly with consumers' checking and savings
accounts in addition to credit cards and loans, giving users a more
comprehensive overview of their financial profile.
Powered by Plaid, a data network powering the fintech tools that
millions of people rely on to improve their financial lives, My
LendingTree users can connect their bank accounts from over 11,000
financial institutions. By integrating checking and savings account
information, My LendingTree will provide a comprehensive overview
of budgets, spending habits, transaction history and cash flow
analysis in the same place users can check credit scores, savings
recommmendations and identity monitoring updates. This new feature
consolidates the most important financial information in one place,
so consumers don't need to use multiple services or apps to get a
gauge on their financial health.
"Fintech is helping to make money easier, which often begins
with understanding your financial situation and the options
available to you," said Eric Sager,
COO of Plaid. "MyLendingTree now makes it easy to securely link
your financial accounts through Plaid, including loans and other
debts, and get a comprehensive view of your finances to help you
improve your money management."
New My LendingTree Features:
- Connect Bank Accounts: Users can connect their bank
account(s) to My LendingTree from over 11,000 financial
institutions, powered by Plaid.
- Cash Flow Analysis: Using historical financial
transactions and spending history, users can view monthly cash flow
projections.
- Budget Tracker: The budgeting feature informs users how
their monthly spending lines up with the recommended budget (below,
on track, too high) or they can set their own budgets. The app will
also give the user a snapshot into which categories they are
spending the most money on, where they may be off-track, and offers
the ability to drill-down to see transaction-level
information.
- Monthly Spending: Looks at the most current month of
spending compared to previous months.
- Transaction History: Provides expense and income records
across all connected accounts instead of being limited to a single
account or bank. Users can filter or search to find exactly
what they need.
- Linked Accounts Summary: Provides a high-level view of
all a user's connected accounts (including checking, savings,
loans, and credit cards) all in one place.
"We're thrilled to offer consumers even more tools to give them
greater control of their finances," said Sushil Sharma, Chief Product Officer at
LendingTree. "By integrating checking and savings accounts,
LendingTree is empowering consumers with a deeper understanding of
their financial lives so that they can make smarter financial
decisions in the future."
Visit www.MyLendingTree.com to sign up for the free,
comprehensive financial dashboard.
About LendingTree
LendingTree (NASDAQ:
TREE) is the nation's leading online marketplace that connects
consumers with the choices they need to be confident in their
financial decisions. LendingTree empowers consumers to shop for
financial services the same way they would shop for airline tickets
or hotel stays, comparing multiple offers from a nationwide network
of over 500 partners in one simple search, and can choose the
option that best fits their financial needs. Services include
mortgage loans, refinances, auto loans, personal loans, business
loans, student refinances, credit cards and more. Through the My
LendingTree platform, consumers receive free credit scores, credit
monitoring, customized recommendations to improve credit health,
and notifications when there are opportunities to save money. In
short, LendingTree's purpose is to help simplify financial
decisions for life's meaningful moments through choice, education
and support. LendingTree, LLC, is a subsidiary of LendingTree, Inc.
For more information, go to www.lendingtree.com, dial 800-555-TREE,
like our Facebook page and/or follow us on Twitter
@LendingTree.
MEDIA CONTACT:
Megan
Greuling
704-943-8208
Megan.greuling@lendingtree.com
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SOURCE LendingTree.com