IND PFM Personal Finance Manager 

Besides  everyday  banking,  customers  also  use  the  internet  to manage  their  finances, including  insurance, credit, and investments. Help your clients  to monitor  their  incomes, expenditures and  investments online – strengthen your  relationships and be  their personal  financial advisor! Implementing  IND  Personal  Finance Manager  takes  you  closer  to  your  customers  and therefore builds  trust and uncovers new sales opportunities.

IND Personal Finance Manager  increases your customers’  financial awareness by providing a deeper insight  into  their  finances.  It supports  them  to keep  their  finances  in order by  forecasting  incomes and controlling expenses.  IND Personal Finance Manager comes as a standalone module can be used  to upgrade your existing  internet bank  to an  innovative  financial manager and advisor centre.


 

 

 Overview - Expenses and Budgets

 

 Saving Goals

 

 Analysis and Category List



Online personal  finance management

  • A new banking service helps people instantly monitor their  income  and
         spending  with  categories,  like housing, clothing,  food,  travel, utilities;
  • Predefined and automated categorization of  transactions to ensure ease of use;
  • Option  to  drill  down  on  account  transactions  within categories;
  • A smart  tool  for setting budgets;
  • Option to add cash transactions and split transactions to present a
         comprehensive  financial view;
  • Alerts about overspending and  low account balance;
  • Visual user  interface  (pie charts, graphs, progress bars) supporting users to
         get a better understanding of their financial status.


Net Worth

  • Comprehensive  overview  of  customers’  financial situation including their
          accounts, investments, loans, savings,  real estates and other assets;
  • It calculates the current value and shows fluctuation of net worth as well.


Saving Goals

  • Users  can  define  saving  goals  (e.g.  travelling,  a valuable gift or even
          wedding), choose a  time period over they wish to save, a payment
          contribution pattern (monthly, weekly) and a saving product from the bank;
  • They  can  also  keep  an  eye on  the progress of  their savings  displayed  in 
          percentage,  amount  and estimated completion date.


Add-on  to  Internet Banking

IND Personal Finance Manager can seamlessly integrate to current  internet banking systems.


Mobile Finance Manager

The  most  frequently  used  functions  of  IND  Personal Finance Manager are accessible via web enabled mobile phones which makes it easy to check account balances and budgets, add new cash transactions and get a quick overview of spending. Banks can  immediately send SMS  / MMS alerts or even marketing messages.


Functionality

Personal finance overview

  • Expenses and income of the current month displayed in amount and ratio form;
  • Expenses versus budgets;
  • Saving goals and achieved progress;
  • Uncategorized transactions.

Transaction categorization

  • All expenses and incomes categorized and sub-categorized (e.g. “restaurant”,
          “grocery” and “supermarket” sub-categories under “Food”); 
  •  Transactions: branch, card and cash;
  • All categories and sub-categories customized by the user .

Income and expense analysis, statistics

Detailed analysis and statistics with comparison feature for categories and time periods displayed on pie charts and  trend diagrams.

Budget setting, tracking and alerting

  • Setting up budgets: monthly, quarterly, annually; 
  • All expenses tracked and measured to the budget;
  • SMS and email alerts.