A few months after its acquisition by Intuit, Mint.com has linked up with Intuit Financial Services’ aggregation capabilities, a move that should add millions of potential users to Mint.com’s roster, which currently totals one million people.
The aggregation engine will allow Mint.com to provide transaction information from double the number of accounts, as well as broaden the financial snapshot the site provides to consumers by providing data from more financial products and relationships.
With this added reach, Mint.com will be able to connect securely and download transactions from more than 16,000 U.S. financial institutions, support more than 17 million individual financial accounts, and add the 20 top-requested financial institutions.
Mint.com says it is currently adding 3,000 new users every day and tracking $175 billion in transactions and $47 billion in assets. A key feature of the portfolio aggregation website is identifying cost savings, which Mint says have represented $300 million in potential savings thus far.
Aaron Patzer, VP and general manager of Intuit’s personal finance group, said the use of the aggregation platform will help ensure the information that customers get is more timely and accurate. He also said if “even one” financial relationship can’t be viewed with a Mint account, “they lose some of the value of our product.”
Intuit purchased Mint.com in September for $170 million.