Winter Release 2023

We’re constantly working on optimisations and new features for our data-driven finance management and data analytics solutions for the financial transformation of the banking world. And we’re delighted to make these available to our customers in our next release.

🆕Multibanking: 360°- Financial Overview in the Personal Finance Manager (PFM)

👉Quick Overview of Regular Outgoings: Subscription Overview in the PFM

🌍New Features in the Carbon Footprint Manager in the PFM

✅Full Control over Saving Goals: Saving Spaces in the PFM

👏The Business Solution for Multibanking: Business Finance Manager (BFM) with bLink

❇️ Enrichment Engine: Counterparty Category and the new Geolocation Feature.

The PFM is a financial assistant for retail customers, offering intuitive digital tools and analytics options that allow for extremely convenient management of personal finances. This includes features such as instant search and the automatic categorisation of transactions, along with the correct logos and merchant names. The new release now comes with an extension for multibanking, which banks can also offer their retail customers.

Multibanking provides users with a holistic overview of all their accounts, with all PFM features available to them across all accounts. The assets page also covers all connected accounts. In the future, customers will be able to view all transactions in the PFM. What’s more, the PFM also offers daily updated indicative exchange rates (via an e-banking API). All of this is offered centrally and conveniently in e-banking, which in turn cements their role as the principal bank and boosts customer loyalty. After all, why log in somewhere else when you can have everything in one overview in your banking app?

The new extension “Multibanking for retail” is based on bLink, the platform for Open Banking in Switzerland. Users can add second and third accounts in just a few steps – completely digital without any paperwork.

1. Select bank from the list
2. Redirect to the authentication page of the third-party bank (for confirmation and authentication)
3. Return to the PFM: access to the linked account is ready

With our additional module known as the Carbon Footprint Manager, the PFM becomes even more relevant for consumers. This tool supports them in their everyday lives with personalised tips on how to reduce their carbon footprint. Our data-based climate assistant now offers the following capabilities:

• The Carbon Footprint Manager analyses transaction data and calculates an individual’s carbon footprint based on Swiss data – broken down by category and at the level of individual transactions. By comparing this with the Swiss average, users can see how to interpret their personal carbon footprint. They can also view the CO2 contribution of certain categories (home, food, etc.) and trace it right down to individual transactions.
• The Carbon Footprint Manager now also provides a selection of personalised tips for greater sustainability, which are compiled based on the largest individual CO2 emitters. This way, users gain new ideas and inspiration in the form of gamification elements, as well as valuable information on the topic of sustainability. The tips can be bookmarked, hidden, or directly applied and completed – the status is also saved. This makes it possible to regularly check and improve your behaviour.
• The Carbon Footprint Manager also supports users in actively reducing their carbon footprint. They can set up shopping budgets for individual merchants, create sustainable shopping goals (e.g., saving for an e-bike), and receive suitable options for sustainable financial investments if they are interested.

It goes without saying that we offer multibanking both in the PFM and in our solution for business customers (BFM), where we now work with bLink/SIX. Thanks to the optimised digital process, onboarding accounts with third-party banks is now just as fast and efficient as in the PFM.

The bLink platform allows data to be exchanged between end customers, financial institutions, and third-party providers via open API interfaces. What’s more, users only need to be authenticated once thanks to the standardised interfaces.

Multibanking in the BFM provides a complete overview of asset information and enables the recording of account transactions across all accounts. In addition, outstanding payments can be monitored and further analyses, such as liquidity, can be imported.

The Enrichment Engine is our solution that enables the automatic analysis, categorisation, and intelligent enrichment of account data. In order to enrich the transaction data even more effectively, we are introducing the counterparty category with over 1,000 categories.

This hierarchical categorisation makes it possible to identify payments to third parties or to classify merchants down to the finest detail (e.g., pharmacy vs. chemist). The counterparty category represents a new dimension of data analytics and enables the construction of new variables for your machine learning models. This makes the models less error-prone and increases accuracy.

Further benefits:

• Banks receive meaningful information about counterparties and can now see to whom payments are made.
• Merchants can be classified by a hierarchical structure up to the desired level of detail.

Das Feature zur Geolokalisierung – also die Ortung, wo eine Kartenzahlung stattgefunden hat – wurde komplett redesigned und deutlich verbessert. Neu können genaue Standortinformationen zu Händler:innen in der Schweiz angegeben werden. Zusätzlich bietet das Feature die Möglichkeit, die Händler-Koordinaten auf einer Karte darzustellen. Unser Framework zur Geolokalisierung ist so flexibel aufgebaut worden, dass es uns erlauben wird, fortlaufend Händler auch aus dem Ausland orten zu können.

Zu Kreditkartentransaktionen liegen normalerweise ausser Ort oder Postleitzahl keine weiteren Adressdetails vor. Pro Händler wird meist nur eine Adresse unterstützt (typischerweise der Hauptsitz). Unser Geolocation Feature liefert exakte Standortinformationen, wie z.B. den genauen Standort der Filiale, in der eine bestimmte Transaktion stattgefunden hat.

Die Erweiterung des Geolocation – Feature beinhaltet:

• Angabe der Koordinaten (Längen- und Breitengrad) der Kartentransaktionen, die physisch (d.h. ohne E-Commerce) in der Schweiz stattgefunden haben.
• Unser Zusatzservice für dich: Koordinaten auf einer Karte anzeigen lassen, die auch in andere Applikationen integriert werden können.

The geolocation feature, which shows the location of a card payment, for example, has been completely redesigned and significantly enhanced. Precise location information on merchants in Switzerland can now be entered. In addition, the feature offers the possibility to display the merchant coordinates on a map. Our geolocation framework has developed so flexibly that it allows us to locate merchants from abroad as well.

Credit card transactions usually have no address details other than city or postcode. Only one address is usually supported per merchant (typically the head office). Our geolocation feature provides exact location information, such as the precise location of the branch where a particular transaction took place.

The extension of the geolocation feature includes:

• Indication of the coordinates (longitude and latitude) of the card transactions that took place physically (i.e., excluding e-commerce) in Switzerland.
• Our additional service for you: display coordinates on a map that can also be integrated into other applications.