This post brought to you by Personal Capital. All opinions are 100% mine.
It was just a few months ago when I wrote about the recent advancement in mobile banking and with a blink of an eye, those improvements were rendered obsolete by some more development. It is quite amazing how fast and vast the scope of latest innovative applications appear now that critical mass mobile-money solutions are available in many countries. I could write and enumerate the latest updates hogging the papers regularly, but the moment I finish my article, there will be ten more innovations that could be more than worthy to be included.
The other option to listing down all the advance technology to date is just to highlight a few that could be worth our time and may require serious consideration. This should be one of my pet topics this month. Converting cash into e-payments will most probably directly lead to an upsurge in the macro-economic fundamentals of a region. This fact is enough motivation for me to proceed.
The basic hypothesis I am assuming is that, in this day and age, money arrive in wallets faster and can then be spent faster. For instance, e-payments lead to an acceleration of payments. This acceleration directly increase the total value spent over a given period, which (in turn) leads to higher economic activities.
Because of the importance of faster and efficient transaction, each individual consumer should have an easy access to their financial resources. Unhindered by bureaucratic and procedural barriers, consumers should be able to keep tab of their personal finances in order to make a meaningful contribution to the country's economic development.
One mobile app that gives consumers a holistic view of their finances is the Personal Capital Application. The free app, which is available on iPad, iPhone and Android, allows consumers to access all their financial accounts and portfolio performance in one aggregated view. For instance, the asset growth and allocation is presented in concise and clear format by integrating information on mutual funds, stocks, money market accounts, checking/savings.
Personal Capital allows the user to talk with a personal financial advisors who can give financial advice using the universal check-up or investment check options. There is also a unique mutual fund fee calculator available for the user with adequate memory storage and organizing menu of up to 401k. This could further enhance the tracking ability of investors and help identify their target expense item.
The other option to listing down all the advance technology to date is just to highlight a few that could be worth our time and may require serious consideration. This should be one of my pet topics this month. Converting cash into e-payments will most probably directly lead to an upsurge in the macro-economic fundamentals of a region. This fact is enough motivation for me to proceed.
The basic hypothesis I am assuming is that, in this day and age, money arrive in wallets faster and can then be spent faster. For instance, e-payments lead to an acceleration of payments. This acceleration directly increase the total value spent over a given period, which (in turn) leads to higher economic activities.
Because of the importance of faster and efficient transaction, each individual consumer should have an easy access to their financial resources. Unhindered by bureaucratic and procedural barriers, consumers should be able to keep tab of their personal finances in order to make a meaningful contribution to the country's economic development.
One mobile app that gives consumers a holistic view of their finances is the Personal Capital Application. The free app, which is available on iPad, iPhone and Android, allows consumers to access all their financial accounts and portfolio performance in one aggregated view. For instance, the asset growth and allocation is presented in concise and clear format by integrating information on mutual funds, stocks, money market accounts, checking/savings.
Personal Capital allows the user to talk with a personal financial advisors who can give financial advice using the universal check-up or investment check options. There is also a unique mutual fund fee calculator available for the user with adequate memory storage and organizing menu of up to 401k. This could further enhance the tracking ability of investors and help identify their target expense item.
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