Personal Finance Manager (PFM) enhances customers’ engagement with your financial institution. It offers financial data aggregation from any account via a stable and secure environment using cutting-edge technologies and military-level encryption. Finext provides your bank with a PFM solution that will increase your customer retention rate. The explanation is simple: PFM users are more likely to use banking application and more often purchase banking products.
Based on our innovative and secure financial data API your clients can consolidate all their finances in one place for easier management and analysis. They will be able to track finances in their bank accounts, eWallets, or even Bitcoin: all in one interface.
No more continuous manual adjustment! Every transaction is assigned a meaningful category immediately after being imported. Over 70 categories and subcategories will give your clients a clear understanding of what they spend most on, e.g. utilities, food, or maybe shopping. Thus they can cut down some of the expenses that are not that necessary. Our categorization engine has a self-learning feature and can even take the created custom categories into account.
Our platform covers all the account types supported by your bank - checking, savings, credit cards, e-wallets, money-market accounts, prepaid cards, investments, insurance, loans and mortgages.
An unlimited number of cash wallets can be created for manual transaction entry, one for each currency your user may require. Wallets allow to manage manual transactions and track any cash purchases made, be that a cup of coffee or a taxi ride.
Guide your clients to better financial decision-making. We provide the best budgeting suggestions based on their transaction history throughout all connected accounts. The system will automatically update the status and progress of each budget in accordance with newly added transactions to help your clients keep their expenses within the limits.
All your clients have to do is set important goals they are saving for, allot a certain amount of their regular or casual income, and keep track of the progress. Having essential goals visible at all times motivates people to save regularly. Pursuing goals has become easier with Personal Finance Management tools.
To help your clients project their spending, we have designed a built-in financial calendar. It allows them to plan the expected spending ahead, introduce recurring transactions, and get an estimate on their future expenses. Cash flow forecast, estimated savings, income and expenses for the next month are based on the data for the previous period of time. Finext provides your clients with an innovative personal financial advisor.
Users may assign designated tags to specific transfers, income and expenses. This allows for easy and fast transaction browsing. Tags facilitate transaction identification, giving the possibility to group transactions that were assigned different categories for effortless management and analysis.
With the help of over 10 intuitive in-depth reports your clients will gain access to detailed information on their finances through various interactive charts. The account holder gets a holistic visual overview of his/her finances from every possible angle.
Take advantage of the integrated Digital Money Manager (DMM) and offer your customers a personalised next generation digital banking experience. DMM goes beyond personal finance management; it covers the PFM features, but apart from providing a holistic view and analysis of the financial data, it allows to interact with the funds making payments and transfers supported by the bank.