NEW YORK, May 29, 2007 (PRIME NEWSWIRE) -- CashEdge, the pre-eminent provider of online data collection and financial applications, and Geezeo (www.geezeo.com), a provider of online personal finance solutions that leverage the latest Web 2.0 technologies to help consumers better manage their finances, today announced the integration of CashEdge's AggregateNow financial account consolidation solution and Geezeo's web-based financial management applications. The partnership will offer Geezeo's users the most up-to-date and accurate data available, supported by the highest levels of privacy and security controls in the industry.
Unlike generic aggregation solutions that "scrape" data, AggregateNow leverages patented technology to harvest HTML and structured files of historical, position and transaction-level detail from the widest range of sources in the industry. AggregateNow supports an open architecture -- the data is easily integrated into third party applications using a batch file or XML API.
Utilizing CashEdge's aggregated data, Geezeo gives individuals more control over their finances by providing them with financial planning and management strategies, based on automated balance and credit data from more than 10,000 data sources. The partnership gives consumers the ability to directly monitor and manage their total financial picture more effectively.
"Leveraging the latest Web 2.0 technologies and adding in the power of social networking, Geezeo is revolutionizing the way individuals manage their finances," said CashEdge Director of Sales and Business Development Brent Chandler. "By interpreting, categorizing and augmenting the data with financial management strategies, Geezeo empowers consumers to fully leverage the promise of retail data aggregation for better personal money management. We are pleased to have been selected by Geezeo to power the consolidated data component of their cutting-edge financial management engine," he concluded.
"Geezeo's Web 2.0 applications give consumers the ability to track all their accounts and incorporate personalized strategies to save money, reduce debt and meet financial goals," stated Geezeo Co-Founder Shawn Ward. "To achieve this mission, it is critical that we offer them automated access to all of their financial accounts in one place, in real-time, protected by the highest level of privacy and security controls available. Given these demands, CashEdge was our first choice."
About CashEdge
CashEdge(r) provides innovative, online financial applications for banks, credit unions and wealth management firms. CashEdge's solutions include end-to-end online account opening and funding, funds transfer and data consolidation. These proven solutions are flexible, scalable and supported by extensive risk management capabilities. Working with CashEdge, financial institutions are able to create compelling online offerings that attract customers, generate revenues and reduce costs.
Recognized by Inc. magazine as one of the 500 fastest growing private companies in the United States, CashEdge currently serves more than 600 leading financial institutions, including five of the top ten banks. CashEdge has offices in New York and Silicon Valley. For more information, please visit www.cashedge.com.
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About Geezeo
Geezeo is revolutionizing the way people manage their finances, leveraging the latest Web 2.0 technologies to help consumers quickly and easily consolidate and track bank accounts, credit card balances and outstanding loans; set financial goals; and create strategies to meet those goals. Geezeo offers a strong social networking community where people share success stories, making sound personal finance a reality. Geezeo's personal financial management applications are free to all consumers, are completely web-based and offer an intuitive interface with just the right number of features to make it user friendly.