Personal Financial Manager (PFM)
Mellon offers Strands’ PFM an award-winning personal finance application that drives engagement between account holders and financial institutions. A tool which allows a 360º vision of all bank accounts, aggregating the user’s entire financial picture on one, easy-to-use platform.
Key Features
- Expenses are automatically categorized with 99% accuracy. Transactions become actionable through search, filter, edit, export and split functions.
- An interactive heat map shows daily, monthly and yearly spending patterns.
- Expense categories and income sources are visualized over a defined date range through a frictionless, intuitive UI.
- Users can anonymously compare spending patterns with any chosen segment of fellow bank customers.
- Users can create custom thresholds, which enables banks to gain granular insights into their financial goals and relative performance.
- Enables users to visualize and reach their life goals more easily. Can be associated with held or aggregated accounts.
