Envestnet | Yodlee launches tool to track the cost of Covid-19

FinTech Envestnet | Yodlee has launched a new interactive map showing how Covid-19 has affected American customers.

This tool provides a visual of consumer spending trends impacted by the ongoing pandemic. This, in turn, gives an in-depth look at how the challenging public health and economic environment is financially affecting Americans. The insights used in the interactive map will be updated weekly.

Envestnet | Yodlee is a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services.

The interactive map will feature insights on retail, all types of discretionary categories including electronics and entertainment, grocery and food delivery, spending at supermarkets, dine-in restaurants and transportation.

“We believe that in-depth analysis of these spending trends can be useful to inform individuals, businesses, and government agencies in their decision making as they continue to seek a return to financial stability during this public health and economic crisis,” said Bill Parsons, group president of data and analytics at Envestnet | Yodlee.

“As we’ve seen since the start of 2020, the pandemic has had varying degrees of regional economic impact across the United States. With our interactive map, users are able to easily compare spending insights from all 50 states and analyse patterns and behaviours resulting from the pandemic. These insights can help with government policies and business strategy, and make sure we are supporting everyday Americans.”

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