Wesabe Launches SpringBoard – Financial Tools Suite for Banks

Online financial services site Wesabe has announced the launch of SpringBoard today. SpringBoard is basically a white-label version of Wesabe’s tools and services that banks and other financial institutions can tie into to make mashups that will benefit the end consumer. Back in November Wesabe partnered with The Telegraph newspaper in the U.K. to create a similar personal finance site.

Colin Henderson describes the SpringBoard launch an application suite. Colin spoke with Wesabe CEO Marc Hedlunch regarding the launch. Marc noted that every transaction makes Wesabe smarter. If that’s the case, any partnerships with banks will make Wesabe brilliant.

Basically the banks and credit unions can either tie into Wesabe using their APIs or the full personal finance site similar to the Telegraph implementation I noted above. The service could be a great value add for the smaller independent banks which appear to still be doing well financially and could help these banks compete with the larger national banks with a better suite of services.

Last month competitor Geezeo launched a white-label service, Geezeo Spectrum.