Nordic IT company Tieto and Finland-based
Balancion plan to launch a customisable PFM tool, just as banks
begin to wake up to rising consumer interest in PFM tools.

Balancion, a company that develops and provides
PFM tools, said the PFM tool will track information about the bank
user’s expenditure habit and income and be able to automatically
categorise expenses.

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The tool will combine information from the user’s
bank account activity and credit card spending, and offer follow-up
and forward planning opportunities.

Tieto’s business advisor at financial services,
Sami Uski, said:

“Banks can now broaden their consumer services
portfolio and improve customer satisfaction, to strengthen their
position in the highly competitive consumer market. With
Balancion’s help, we can enable banks to offer user-friendly and
dynamic service based on real consumer’s needs.”  

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