To help Singaporeans manage their finances PiSight, a Singapore based financial technology firm, has unveiled PiMoney, a personal digital financial assistant.
PiMoney claims it will help users see a complete picture of their finances all in one place and actively control their monthly expenses and savings. The new platform is powered by eWise´s patented account aggregation technology, Aegis, the firm said in a statement.
With features such as PDF statement reader, automatic categorisation, and budget/goals tracking will cater to needs of different user segments. PiMoney will help people to take a more involved and proactive approach to meeting their financial goals.
Personal Data Vault
Unlike similar platforms that store user’s credentials such as bank login ID and password on cloud servers, the patented eWise technology used by PiMoney encrypts and stores the user’s credentials on the user’s chosen device. eWise is used by financial institutions including HSBC and WestPac.
PiMoney, initially launched as a web application, is now available on AppStore for iOS based mobile applications. The Android based mobile app is expected to be launched soon.
Founders Rajesh Singh and Abhishek Kumar have significant experience in the financial sector having previously worked with Barclays and Ernst & Young respectively in Singapore. They felt there was a need for an efficient personal finance management platform to help people achieve their financial goals without compromising online security and data privacy.
