Netcetera partners with Contovista and launches mobile financial assistant

The new module shows a clear overview of account transactions and also contains budget, analysis, and search features. Now banks can give their customers a better idea of how much they are spending. At the end of May, Schwyzer Kantonalbank (SZKB) integrated the PFM module into its Finnova Mobile Banking as the first cantonal bank. SZKB is one of around 60 banks in Switzerland relying on the mobile banking solutions of Netcetera.

The new PFM module expansion of Netcetera's mobile banking app was developed in collaboration with Zürich start-up Contovista. They supplemented their PFM with the necessary mobile web application and Netcetera integrated it into its overall solution. The module offers an expenditure analysis that automatically categorizes transactions. Bank customers can also comment on and tag their own payments, while a semantic search feature makes it easier to find transactions. Graphs of expenditures and income allow users to see how much money they are spending and what they are spending it on at any time. Personal budget management also helps them to better organize their finances.

Netcetera has established itself as a market leader for mobile banking in Switzerland. It recognized mobile banking's growing potential early on. As early as 2010, the Swiss software company provided PostFinance with the first Swiss app with a payment feature. An important technology partner since 2012 is Finnova maintaining the most-used banking software in Switzerland with over 100 customers. In 2013, the two companies joined forces to launch Finnova Mobile Banking for the Swiss finance industry. «We are proud that our product allows even the smaller banks to offer a revolutionary mobile banking app» says Ronnie Brunner, responsible for Netcetera's product business.

As of the start of June, around 60 Swiss banks already rely on Netcetera's mobile banking app. Among them are Graubündner Kantonalbank, Genfer Kantonalbank, Schwyzer Kantonalbank, Clientis Banken, the majority of the regional banks, savings banks in the Esprit network, and the majority of Entris Banking AG customers. Netcetera has also developed customized mobile banking solutions, e.g. for Migros Bank, PostFinance, and Zürcher Kantonalbank.