CRED Launches New Feature to Simplify Personal Finance Management

• CRED, a Bengaluru-based fintech startup, introduces CRED Money to help users manage and gain insights into their cash flow.
• The feature consolidates financial data from all bank accounts, allowing users to track transactions and recurring payments on a single dashboard.
• Leveraging India's account aggregator framework, CRED Money ensures secure, purpose-specific access to financial data across multiple institutions.
• Despite not monetizing the feature, CRED employs data science algorithms to provide actionable insights, aiding in financial optimization.
• Launching in phases, CRED Money is part of the startup's broader strategy to enhance its portfolio, following the recent acquisition of Kuvera.

Source: Techcrunch