ICICI Money Manager – Online Personal Finance Management Solution

ICICI Bank Ltd, India’s largest private sector Bank and Intuit, a leading global developer of business and personal finance management solutions, announced the launch of “Money Manager”. It is an on-line personal finance management solution which helps banking customers understand their spending habits and organize their finances by providing them with details of all their ICICI Bank accounts on a single platform.

This web-based solution, available through ICICI Bank’s website, delivers the flexibility to focus on specific details such as earnings, savings, spends and loans. “Money Manager” makes it easy for customers to quickly and easily categorize their expenses and set and track a realistic budget to achieve their financial goals.

With “Money Manager”, ICICI Bank net banking customers can:

• Aggregate all their ICICI Bank Accounts (Savings Account, Credit Cards, Loans, DEMAT etc.) automatically on one screen
• It will automatically segregate transactions across different income or expense categories
• Set their monthly budget and monitor the performance of investments
• Get customised alerts on their balances, transactions and bill payments

“Money Manager” is currently available for all ICICI Bank Net Banking customers. It is a subscription based product with 90-Day free trial.

Intuit’s flagship products and services, including QuickBooks, Quicken and TurboTax, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries and Lacerte are Intuit’s leading tax preparation offerings for professional accountants. Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.

Mr Rajiv Sabharwal, Executive Director, ICICI Bank Ltd, said, “Our bank has always focused on innovation in technology for customer empowerment. Internet Banking is core to our technology prowess and we constantly innovate to provide path-breaking solutions for our customers on-line.” “Money Manager” is a unique personal finance management solution which will give customers convenience of aggregating their accounts and providing output required for managing expenses.”

“Money Manager is the latest in a line of Intuit offerings that improve people’s financial lives so profoundly that they cannot imagine going back to the old way of doing things,” said Mr Alex Lintner, President, Global Business Division, Intuit Inc. “Money Manager is unique to India and was specifically built for the market, while leveraging the insights and learning’s from our Quicken and Mint products. As a result Intuit and ICICI Bank can deliver a world-class offering that addresses the unique needs of banking customers.”