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.
Business Financial Manager (BFM)
Mellon offers Strands’ BFM application that empowers business customers to better forecast and manage their cash-flow by aggregating accounts and invoices into a single platform. It is the ultimate tool for SMEs, which allows them to run their business more efficiently and helps the bank to provide more tailored solutions to their business customers’ needs.
Key Features
- Instead of a static list, transactions become actionable through search, filter, edit and split functions.
- Makes AR/AP management effortless and enables banks to handle end-to-end payment cycles for SME customers.
- Enables users to visualize expense categories and income sources over a defined date range through a frictionless, intuitive UI.
- SME customers can analyze and understand cashflow by tracking historic, actual and forecasted inflows & outflows.
- An interactive heat map shows daily, monthly and yearly spending patterns.
- Helps keep business expenses under control.
- Custom thresholds allow business financial goals to be met faster and more intelligently.
