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waiz: Transition to a smarter banking experience

How many times have we all wondered: But where did I spend all this money? A reasonable question, when you see the account empty in a few days, without any major expense or investment.

Every day we make small and large transactions for purchases and money transfers using different means. Other times the debit card, other times the mobile payment application and other times via mobile or internet banking. Tracking expenses becomes even more difficult, as each of us rarely uses payment instruments from only one bank and one online transaction application. The exercise is complicated when we have income, such as salaries, rents, etc., in different bank accounts.

The solution is provided by the innovative waiz application that was developed with the support of the National Bank and is available through google play and app store, ready to function as our personal accountant, but also as a consultant. With the use of high technology, constantly evolving, and user-friendly environment, the app connects all bank accounts and, consequently, all transactions, in one place. On the screen of our mobile.

Through the waiz, the screen of our mobile phone becomes the gathering point of all our banking activity. With information and as much real time data as possible from our accounts in the four largest Greek banks, as well as in N26. But the smart and useful of the application is not limited there. In order to effectively manage our finances, with the waiz we can set goals and create our personal budget.

The application classifies expenses and income into categories, such as personal care, supermarkets, fuel, rent, etc. In addition, the user has the ability to create their own categories, putting new tags on each expense. The application becomes familiar with personal financial habits and then ranks the transactions based on the categorization set by the user.

The ability to create cost categorization is central to managing our money. First, it gives us an idea of ​​where and how we spend our money. Second, it enables us to set goals and budgets so that we do not overspend on one or more categories. The app has an extensive list of categories for each user to choose in order to have a fully personalized report of their banking transactions.

Thus, with the waiz we always have control over our finances, with early warning of when we exceed the spending limit in a category. Targeting is important as we create personal budgets to save money from one category of spending to create savings or to use that money in another expense that interests us most. For example, reducing costs for tobacco products and increasing those for attending seminars, for fitness, entertainment or postgraduate installments.

The waiz application is especially useful in case we share expenses, such as rent, utilities, etc. The “personal, online, accountant” on our mobile has categorized these expenses and with the push of a button, the amount to be shared is available.

Finally, to questions such as “where did I spend my salary this month”. The waiz allows you better control and smarter management of your finances, giving you a knowledge that frees you from unnecessary expenses and useless micro-expenses and re-putting the concept of saving for something more important in our daily lives.

Source From: Capital

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