BankBazaar.com, the personal finance marketplace backed by Amazon, has unveiled new features on its Android App to further help users manage their finances. In the new Personal Finance section, a user views a real-time snapshot of their aggregated balance across multiple savings accounts and transaction history of individual bank accounts. Most people use more than one bank account, which makes it difficult to keep track of transactions and balances. BankBazaar.com solves this problem by displaying consolidated information in one single simple interface.
Customers can view a personalized summary of their consolidated bank balance from the Home Screen itself, with the option to view bank-specific balances too. They can also use the app to quickly and seamlessly update their balance in real time. In addition, the app also tracks credit card spends, due & minimum due amounts corresponding to the billing cycle. All this is done in a reliable, secure, non-intrusive manner after the user signs in using their Google or Facebook login credentials.
Rati Shetty, CPO and Co-founder, BankBazaar.com says, “In our busy day-to-day lives, keeping track of personal finance transactions can take a backseat. When mobile applications help people make every aspect of their lives simpler, why should money matters be any different? We’ve simplified everyday banking transactions and accessibility to the right financial products together in one simple, secure, unobtrusive application.”
According to BankBazaar.com, the app helps reinforce responsible fiscal habits in the user in three ways:
1. Enhance savings: The app provides a direct window into a user’s financial health and will help a user get a better handle on over-expenditure and better budgeting.
2. Schedule payments: The app keeps track of a user’s credit card billing cycle with gentle reminders to pay their bill on time. This will help improve credit score.
3. Easy credit access: The app delivers the best loan and credit card offers with the added convenience of instant approval, real-time application status tracking and a paperless process.
The new feature update combined with the app’s existing features such as EMI calculators, IFSC search, application tracking etc, gives the user extra fire power with absolute control over cash assets and credit card liabilities in a simple interface. This is yet another firm step in BankBazaar.com’s mission to help users access the right financial products.