4th April 2011

Sammedia: moneyinfo 2.0 launch includes support for enterprise consumer services

Sammedia, the leading provider of IFA client facing solutions, today announced the launch of Moneyinfo 2.0, which delivers a white-labelled consumer facing, own-brand solution for IFAs and a new bespoke ‘Enterprise’ capability for direct to consumer and execution only propositions.

Following its launch last year, Moneyinfo became the first Personal Financial Management (PFM) service in the UK to allow advisory firms to aggregate a client’s entire personal financial information online - including banking, credit cards, mortgages, loans as well as platform held assets and adviser fact-find information. The new version¹, built following adviser feedback, includes many new features such as the ability to track clients’ daily valuation histories and analyse these over time with portfolio graphs.

Moneyinfo version 2.0 also expands its white-labelling capability with ‘Moneyinfo Enterprise’ - a new bespoke version of the solution which allows advisers and providers to deliver a completely unique own-branded consumer service.

Mike Free, CEO of Sammedia, explains:

“When we launched Moneyinfo last year it was widely lauded for its advanced consumer interface and its unique ability to aggregate a consumer’s banking & platform data.  Moneyinfo Enterprise takes this capability and delivers it to organisations providing B2B & D2C propositions. Our advanced consumer interface components, powered by our banking and investment aggregation services, are integrated with the organisation’s own data and transaction capability, and delivered through a completely bespoke look and feel”

Free continues:

“Many enterprise organisations are busy developing their online and direct strategies and are asking ‘What ‘hook’ can we provide to engage consumers with our proposition?’. The PFM approach, as proven in the US (and now being introduced by Lloyds Bank in the UK), delivers this ‘hook’ by giving consumers simplicity, convenience and a reason to keep returning. Moneyinfo Enterprise positions PFM  within a D to C or execution-only proposition and in doing so, enables  an organisation to benefit not only from the user appeal a PFM based services delivers, but does so whilst  reducing risk, costs and time to market”. 

“From the adviser’s perspective, our new Moneyinfo service provides a much higher degree of confidence to gather facts about their clients as they complete much of the important data themselves and update on a regular basis. It replaces all the ‘guess-finding’ with real data analysed directly from clients’ policies and vitally also includes important bank and credit card accounts as well as their existing portfolios.”

Moneyinfo provides the client and adviser with continually updated fact-find information.  Banking and credit card transactions are categorised and presented as animated, highly interactive income and spending summaries. Portfolio information is created and updated on a daily basis through links to wrap platforms and fund supermarkets and up to date pricing and fund information is provided daily from Financial Express.

For further information, please contact:

Michael Free, CEO Sammedia    mike@sammedia.com

Back Office