What’s old is new again – Mvelopes, the PFM platform from Finicity that uses a digitized version of the time-tested envelope budgeting method to help people improve their saving habits, is launching Budget Makeover. The 10-week crash course in personal finance leverages the same strategies behavior modification strategies used by health and fitness coaches to provide financial education, resources, and a financial plan. Even the length of the program is based on studies from the University of College London that indicate that 66 days is the amount of time needed to permanently develop new habits.

“The coaching aspect of the Mvelopes Budget Makever is unlike anything else offered in the personal finance space,” EVP of Consumer Services for Mvelopes Christopher Tracy said. “It’s a high-touch and highly personalized program that benefits our users with measurable, long-term financial impact.”

During the program, Budget Makeover clients will get an initial financial assessment, seven financial training sessions, daily check-in texts, bi-weekly budget reviews, and a weekly challenge from an Mvelopes-certified financial trainer. Clients will also have access to the Mvelopes app – available in iOS and Android – which provides real-time insights into their personalized budget.

“In the 17-plus years we’ve spent perfecting our budgeting products, we’ve seen that accountability is the single, most important factor in actually developing new behaviors that lead to long-lasting change,” Mvelopes director of financial training Wes Shelnutt said.

To find out more about how to become a part of the Mvelopes Budget Makever, visit www.2018Budget.com.

Created by Finicity in 1999, Mvelopes offers a trio of plans – Basic, Plus, and Complete. Each provides varying levels of service, ranging from auto transaction importing and account balancing monitoring with the Basic plan, to debt assessment and a dedicated personal coach with the Plus and Complete plans. The plans range in cost from $4 a month for Basic, to $19 a month for Plus, to $79 a month for Complete.

Finicity demonstrated its Credit Decisioning platform at FinovateSpring 2017. The solution simplifies access to its Verification of Income (VoI) and Verification of Assets (VoA) reports, making it easier for lenders to quickly verify information on borrowers. The company has also participated in our developer’s conference, discussing The Frictionless Aggregation Experience at FinDEVr New York 2017.

Based in Salt Lake City, Utah, Finicity has raised more than $50 million in funding, and includes fellow Finovate alum Experian among its investors. Steve Smith is CEO.

Data aggregation and insights company Finicity announced it has integrated with risk mitigation firm DataVerify to offer mortgage lenders real-time borrower asset verification.

This capability will combine Finicity’s Verification of Assets (VoA) solution– part of the Utah-based company’s set of asset and income verification tools launched earlier this year– with DataVerify’s DRIVE platform that automates underwriting for lenders. DataVerify works by comparing borrower data across multiple databases to assess risk and fraud levels, identifying the legitimacy of borrowers to help lenders avoid loan quality issues.

“With real-time asset verification from Finicity, lenders that use our DRIVE platform will be able to get quick insight into a borrower’s financial information and thus make more efficient and smarter lending decisions” said Brad Bogel, ‎senior vice president at DataVerify. He continued, “The data can be accessed and verified in a matter of clicks, shortening the loan approval process for a greater overall consumer experience.”

Finicity was founded in 1999 and has since developed more than 16,000 bank integrations. The company most recently demoed its credit decisioning solution at FinovateFall 2017. Earlier this summer, Finicity signed a data exchange deal with JP Morgan Chase to allow bank partners to leverage third party financial apps without disclosing their login credentials.