The uneasy relationship between banks and companies that use their data to provide personal finance services has shown signs of fraying in recent months, causing some frustrating disruptions in service to people trying to track their spending.
Who knew keeping tabs on your monthly coffee budget could be so contentious?
Personal finance web sites and apps that can provide a way for users to monitor their finances across all of their banks and credit cards have become popular because they give users an almost real-time view of their financial lives in a way that was impossible a few years ago. Mint, a personal finance service is owned by Intuit, has 2.5 million daily users. BillGuard, which monitors for fraudulent transactions, has 1.3 million users and was bought by the lending company Prosper earlier this year.
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