UC001

PFM - Personal Banking Data

Personal Financial Management (PFM) is a use case that helps users manage their money. PFM generally allows users to categorize transactions and add accounts from multiple institutions into a single view. It can also make comparison of products and personalized recommendations.

Includes: Balance and Transaction History

Consumers can understand their full financial health, benefit from financial management tips and sweeping features to reduce fees, service debt and save larger proportion of their income.

FIs can understand their customers’ history, their trends, risks and opportunities for them. It can help create the aggregated picture from across all their financial services products.

Banking

Data

☑️

Key APIs

• GET /accounts

• GET /balances

• GET /transactions

Optional APIs

• GET /beneficiaries

• GET /direct-debits

• GET /parties

• GET /product

• GET /scheduled-payments

• GET /standing-orders
  

UK

Mandatory - implemented

Monzo, Barclays, Truelayer

55% of data users using PFM tools to reduce fees and costs*

Emma, Plum

Brazil

Mandatory - implemented

Banco Do Brasil, Next, mercado pago

Other locations

Mandatory - implemented

Tink (Europe), fintonic (Spain)

24% of all API calls (Europe)