Innovation in Banking: Personal Financial Management – Credit Sesame and Money Dashboard – Empowering consumers to monitor their finances and get the best deal

Keeping track of your finances and making sure you get the best deal is difficult. At the moment you end up with a pile of paper, a string of internet passwords and a headache. New Personal Financial Management (PFM) services are promising to help you cut through the complexity, better understand your financial circumstances and save money. Could PFM help empower consumers?

Innovation in Banking: Fidor bank – banking with friends – get rewarded for liking your bank

When was the last time you ‘liked’ your bank’s official Facebook page? Or Re-Tweeted something positive about them? What did you receive in return for highlighting this bank to your friends? At Germany’s Fidor bank (Banken Mit Freuden) each social interaction you have with the bank is rewarded. Social banking is at the heart of its business model.