Technology provider Intuit wants to take full advantage of the data it gets from TurboTax and other financial applications to give users a holistic sense of their financials.
The company has launched ‘Turbo,’ announced today at the Money 20/20 conference currently taking place in Las Vegas. The mobile app is designed to give users the full view of their financial health through data aggregation. For now, that data is collected from a user’s TurboTax profile (after they’ve logged into the app, naturally) as well as the data of Mint users.
Currently, the app is seeking to provide its users with a clear look at where they stand compared to others of their age, “life stage,” and location.
Right now, the app looks at a customer’s credit score and income, as well as their debt-to-income ratio to “benchmark” that customer against others, using the (anonymous) data is has collected from TurboTax.
Of course, after receiving the full picture of their financial health, Intuit will then show users offers from partner financial institutions: currently, Discover, Quicken Loans, SoFi, and TransUnion are all providers on the Turbo platform. Goldman’s Honest Dollar and Marcus services have also partnered with the app.
The app is currently available for Apple users.
Read more at TechCrunch and BusinessWire.