Personal Finance Management (PFM) helps financial institutions to establish a new generation platform that creates a unique user experience for their customers and enhance customer loyalty. While customers can easily and securely manage their financial lives, based on the data provided by the Personal Finance Management solution, financial institutions can increase their sales by meeting the actual needs of the customers. Thanks to the data about what customers spend on and save up for, financial services institutions can offer better products to their customers based on their needs.
Personal Finance Management is a great way to offer remarkable customer experiences for your customers, who demand personalized services by,
- Defining personal budget areas and specify thresholds,
- Setting goals for savings and manage the goals,
- Performing financial health checks,
- Categorizing spending based on different filters,
- Categorizing payments and transactions.