Consumer Finance

Intuit’s Mint Updates iOS App With Data-Driven Insights

Mint

To offer users actionable advice, Intuit’s Mint is updating its personal finance iOS Mint app with added benefits, new design features and data-driven MintSights™. The MintSights feature seeks to help users budget accurately, spend wisely and save, Mint said in an announcement.

“We’ve heard from users for years that they wished for an easier way to figure out what actions they should take to improve their financial health,” Intuit’s Consumer Division Vice President of Product Management Varun Krishna said in the announcement. “With this refresh, we are leveraging the rich financial data that users have shared to help create unique financial profiles and insights for each user.”

Currently, MintSights can make recommendations for 10 situations, such as consolidating debt, growing investments and creating a first budget. And the feature will grow with time to learn behavior patterns, allowing users to uncover trends and save more money. At the same time, the app will provide offers from Mint’s partners.

The news comes as financial services firm BBVA Compass is upgrading its mobile business banking app to add new features. In a press release on Wednesday (Aug. 15), BBVA Compass said it will integrate budgeting and spend tracking tools later this year. The financial tools, which are already available through its online banking platform, will be added to BBVA’s mobile app.

The new tools include spend management, which categorizes spend for greater visibility of how users spend their funds; budgeting, which provides monthly budgets for users; and accounts, which lets users link other accounts into the BBVA mobile app for a more holistic view of finances.

The bank noted that the upgrades follow additional features added to the app earlier this year, including access to personal or business lines of credit, the Green Button to more quickly apply for banking products, international transfer capabilities, card activation and disable features, and others.

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