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1. Is your new service still based on Yodlee backend? Everyone else who provides any consolidation service seems to. I am not saying they are bad, but it is bet
by harikb 7y ago
1. Is your new service still based on Yodlee backend? Everyone else who provides any consolidation service seems to. I am not saying they are bad, but it is better to be clear upfront.
2. Are their any features for Pro consumers who are not looking for budgeting or retirement planning? I don’t mind paying $100 a year for a good service. I would rather not have it free.
3. I am ready to switch banks or even brokerage firms if they provide a saner integration with your service
- vagostino 7y agoHi. Monarch co-founder here. 1. We are primarily using Plaid, but will support multiple data aggregators to provide our users with the best coverage for their financial institutions. 2. Yes. We will go way beyond what current products do. I can't go into specifics ahead of our launch, but we are confident we can help people achieve better financial outcomes cheaper and faster. Our view is that a subscription-based model allows us to align our incentives with our users and focus on building the best product, rather than trying to optimize for advertising partners or data sales. On the latter point, we highly value privacy and will not share nor sell your financial data. 3. That's great to hear!