Financial Management

The digitalisation of banking, the emergence of younger generations into the banking sector, and the cost-of-living crisis have established the need for effective personal finance management (PFM) solutions.

Challenger banks have already set the standard for engaging digital banking UX and are moving at a fast pace to offer innovative PFM solutions to customers, threatening to leave incumbent banks behind. However, banks have clear advantages over other financial institutions that will help them outperform.

First, banks have a long-standing relationship with their customers and have gained their trust over time. During times of uncertainty, customers would rather rely on their primary banking provider rather than take the chance on a neobank.

Second, banks have the resources available to create a highly personalised PFM experience. The vast amount of transaction- and open banking data banks have at their disposal allows them to tailor the solution to the customers.

Financial insights & reports

Reports and personalised financial insights provide an easy-to-consume overview of one’s finances, regardless of the the level of user financial literacy.

• Income and expenses broken down into categories and sub-categories
• Easily adjustable time periods to see how spending evolves over time
• Merchant information including top merchant reports

Financial planning & budgeting

Meniga provides pain-free budgeting for everyday users to keep track of their spending while enabling more advanced financial planning for those who want to plan for their future.

• Automatic income and expense projections
• Auto-calculated budgeting on a sub-category level
• Ability to flag certain categories as “watched”