I don’t really get all the hate on the comments.
Agreed. “Oh no! Not an ETL!” I wish more applications were backed by MySQL, MariaDB, Mongo, etc. Give me the option of encryption at rest, and when it’s time to change apps, I have granular control over everything.
On the other hand, the advantage of all the hate is everyone presenting their faves and providing their reasons. So …net win for the audience?
Hello (former) fellow Lehi worker! Although I was remote except for the onsite weeks. I’m not a fan of 99% mobile apps, maybe more than 99%. I didn’t work on mobile, but I am quite sure that it is in fact a PWA.
Different financial institutions (FI) will all have different appearances, because of the nature of how MX is implemented, and whether on desktop or mobile. In the case of my credit union, it’s right here:
The interface of MX Platform on desktop looks like this:
You might see something like this in your online banking home page:
There are two ways that MX can get data from other accounts which you have to explicitly link in your bank/CU interface. The first method is through Open Banking protocols, which are mercifully obfuscated from the end user. Seriously, if you’re having trouble sleeping, try reading some of the Open Banking specifications. :D One selects their FI from the list, and enters creds and 2FA challenge. The other method is screen-scraping, but again this is abstracted away from the end user.
One of the features where MX slaps more than anyone else (for now) is identifying the source of debits and classifying them. Underneath the hood, debit and credit card transaction strings are chaos. But even if MX gets it wrong, you can manually re-classify your expenses, and it will apply that to future transactions (optional). I already mentioned the burndowns, but if you have an idea for a saving schedule, MX will provide reminders and factor in your growth. Platform will also provide reminders for almost everything.
Let me know if you have any other questions.
Sure thing. On which part would you like more detail?
Negative all around. I was replying to OP. The company to which I referred is MX. The public-facing product (API) is actually called Platform, but it’s very explicitly white label software. Customers will generally have little to no idea that they are using MX Platform. It might actually say MX somewhere, but that can be eliminated in implementation.
As others have said, a spreadsheet is the simplest. If you do your banking with a credit union, chances are they make MX available to you in your online banking. A lot of banks use MX too. Their software provides the projections and forecasting you seek, as well as Open Banking connections to all of your other accounts. If you have loans, it also has burndowns of outstanding debts. Extra bonus: MX doesn’t sell your data.
Disclosure: I used to work for MX.
<Chicago pizza has entered the chat>
That’s your example of softcore porn? There’s much racier content on magazine covers in the grocery checkout line. Stop trying to impose your puritanical aesthetic on the rest of the world. It’s called /all for a reason. What’s wrong with you?!