Monday, May 31, 2010 - 10:37 AM

Privacy Concerns of Mint.com and Other Start-Ups

Mint.com is one of the start-ups mentioned in this New York Times article which reviews the potential issues of the business strategies that depend on using private data. Here's an excerpt about Mint.com:

Aaron Patzer, who founded Mint in 2007 (the company was acquired by Intuit in 2009 for $170 million), believed that users would give the site private information in return for allowing Mint to analyze their finances to alert them when they had exceeded their budget, or to send them offers from cable companies or banks.

I reviewed my Mint.com experience in February.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905

1. Tuesday, June 1, 2010 - 1:09 AM

I use a similar free service-Yodlee.com. Not all Banks/S&L's/CU's are supported by this website, so I have several manual accounts that I have to update monthly one-by-one manually. Not sure if this same problem haunts mint.com.

OC Steve

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819

2. Tuesday, June 1, 2010 - 9:03 AM

yodlee powers the mint service

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819

3. Tuesday, June 1, 2010 - 11:52 AM

I use Fidelity's FullView service, which is also powered by Yodlee. Unlike Mint.com, however, Fidelity already has a lot of my personal financial information, and aren't using the additional information to sell me anything.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819