Fintech Insider By 11:fs

In this episode Is PFM dead? Invisible? Or has Personal Financial Management evolved from data-driven piecharts to something more useful? Joining us for today’s deep dive on PFM and Digital Money Management are: Frankie Woodhead, Director of Commercial & Channels at Barclays @FTWoodhead Victor Trokoudes, Founder of Plum, the first Facebook bot for automated savings @vmtrok Pau Velando, GM at Strands Finance @Pau4ir “For us, it’s about taking information, and transforming that information to give relevant services at the right time,” Frankie says. “It’s very easy to say, ‘You’ve overdrawn, sorry.’ What we like to do is think a week ahead. Things like Netflix, which is generally a monthly subscription, comes in a certain way. What we’ve tried to do is second-guess if that payment is going to happen. Like, ‘FYI, your Netflix of £9.99 is due to come out in four days.  You might need to think about doing something different about [your spending].” “The old way to consume PFM was based on charts,” Pau