What are the PFM (Personal Finance Management) use cases?

By allowing Account Information Service Providers (<a href="/glossarycollection/account-information-service-provider" style="color:#48277C;" target="_blank" title="Account Information Service Provider"><u>AISP</u></a>) to access consumer accounts, Open Banking supports a number of Personal Finance Management (PFM) use cases. Some typical examples are budgeting and transaction categorisation, and more advanced providers are able to provide intelligent forecasting.<br/><br/>

Examples of PFM apps include <a href="https://cake.app" style="color:#48277C;"><b><u>Cake</u></b></a> and <a href="https://emma-app.com" style="color:#48277C;"><b><u>Emma</u></b></a>.