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Envestnet | Yodlee Budgets
Get the Full Financial Picture
This valuable app uses historical transaction data to automatically display budget categories for the consumer and suggest budget amounts based on their past transaction data. The app automatically tracks the consumer’s spending by category and sends notifications to help them stay on track to improve their financial health.
Empower Consumers to Set a Budget
Key Benefits
By streamlining budget planning, consumers can gain critical insights into their spending behavior that can be used to proactively manage their spending and improve their finances.
Behavioral Design
Behavioral design guides consumers through a simple process to create budgets and better manage their finances
Filtered Displays
The app displays high level categories for income, spending, and bills to more easily analyse one's finances
Historical Data Integration
Pulls in historical data to educate consumers on what they are spending and saving in each category
Flexible Spending
View of flexible spending indicates how a consumer is tracking against their goals
Timely Notifications
Notifications tell consumers when they are near a budget or going over it so they can make better spending decisions
Increase Customer Engagement
By pairing budget planning with timely notifications, financial institutions can strengthen loyalty and raise retention rates