LendingTree Updates App to Link Users’ Checking and Savings Accounts

9/29/20

By Maeve Sheehey, NC Biz News

LendingTree, Inc., the largest online lending marketplace in the U.S., updated its app to connect directly with users’ checking and savings accounts, the company announced Tuesday.

The My LendingTree app also connects with users’ credit cards and loans. The app updates aim to give users a “more comprehensive overview of their financial profile,” the company said in a press release.

LendingTree is an online platform that connects potential borrowers with loan offers from lenders. By teaming up with fintech company Plaid, LendingTree app users can now connect their bank accounts from over 11,000 financial institutions.

In addition to connecting their bank accounts, users can now view their monthly cash flow projections, track their budgets, view their monthly spending compared to other months, view their transaction history across all connected accounts and see a summary of all linked accounts in one place.

“Fintech is helping to make money easier, which often begins with understanding your financial situation and the options available to you. 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,” Plaid COO Eric Sager said in a statement.

Shares of LendingTree stock were trading at $304.74 Tuesday morning, up $3.62, or 1.2 percent.

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