Summary

ID	UC001
Use Case	PFM - Personal Banking Data
Description	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
Benefits	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.
Industry	Banking
Category	Data
Consumer
SME
Corporate
API Functionality	Account access consents - /account-access-consents/{ConsentId} Consents - /accounts/{AccountId}/consents Key APIs GET /accounts GET /balances GET /transactions (This endpoint is for a specific account - i.e., /accounts/{AccountId}/transactions) Optional APIs GET /beneficiaries GET /direct-debits GET /parties GET /product GET /scheduled-payments GET /standing-orders

Benchmarking

Location	Type of Use Case	Reference Players	Usage	Best-in-class Example

Location	Type of Use Case	Reference Players	Usage	Best-in-class Example
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)

*OBIE 2022 - requires updated statistic