One system. One database. Designed-in integrity.
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What are you looking for?
One of the most substantial trends and demands in consumer banking today, is the ability for customers to self-serve and manage their own personal financial matters and budgeting, moving away from organisational dependence.
Ultradata’s How I Spend software solution is a highly visual personal finance management tool for customers to view and manage their expenses and take control of their financial choices.
Helps customers better understand and take control of their spending habits
Drives more engagement with
your bank app
Satisfies customers’ desire for information, and turns data into insight
How I Spend helps customers by tracking and analysing spending patterns across a range of time periods and categories (e.g. groceries, transport, rent and mortgage, and numerous other options).
When opting in, How I Spend will automatically sort a customer’s transactions, across all accounts, into a pre-determined list of categories based on transaction details.
Following this, consumers are able to extend the power of the solution, and re-assign expenses to their preferred categories for more personalisation.
How I Spend will even ask them if they want all similar transactions to be automatically assigned to that category. Future transactions will be automatically allocated to the new category providing real time data insights.
Data is displayed in interactive charts and graphs where users can view hundreds of transactions in a single glance, as the saying goes ‘a picture says a thousand words’!
Customers may use the power of this information to compare the past and project for the future;
For quick and easy spend insights, a How I Spend can populate current spending data on the Ultracs App 2 home screen, showing users their ‘top spend’ category for the month.
Similarly, a banner can be displayed at the top of the customer’s accounts summary with real time ‘top spend’ information.