Comdirect bank launches PFM Service powered by Meniga

Meniga is pleased to announce that comdirect, a leading direct bank in Germany, has implemented Meniga’s Personal Finance Management (PFM) Solution as part of its banking services and is the first German bank to launch a comprehensive PFM service.

The new Service, called „ Persönlicher Finanzmanager”, is already available to all owners of a comdirect current account and allows them to intuitively and effortlessly manage their money. It has been specifically designed for the German market in collaboration between Meniga and comdirect. Key functionality includes: Automatic categorization of transactions into user-friendly categories, various visualizations of income and expenses, personalized budgets based on past behavior, budget notifications, and several customizable widgets that provide an overview.

“We are thrilled to be the first bank in Germany to offer a high-quality PFM Solution. comdirect has a long history of innovation and technical leadership and the launch of Persönlicer Finanzmanager once more demonstrates our ongoing commitment to stay ahead of the curve and keep improving our customer service. I am also happy to say that our customers played a big role in building Finanzmanager as we asked many of them what they wanted and used their feedback to adapt Meniga’s world-class PFM Solution to the German market.”, says Mrs. Sabine Münster, Lead of Productmanagement-Banking at comdirect

„Meniga is proud to be part of helping comdirect become a PFM first-mover in Germany. PFM is the foundation of next-generation online banking and more banks in Germany are certain to follow their lead.”, says Georg Ludviksson, CEO and Co-Founder of Meniga. „Working with the comdirect team has also been a particularly rewarding experience as they share our strong focus on creating innovative, simple and highly usable solutions.”, he adds.

„The Meniga PFM Solution has been seamlessly integrated with comdirect’s online banking infrastructure and we are impressed by Meniga’s quality and professionalism during the implementation project.”, says Mr. Konstantin Reznikov, Head of the PFM Project at comdirect.

About Meniga

Meniga is the European market leader of white-label Personal Finance Management (PFM) and next-generation online banking solutions. The Meniga PFM Solution was first launched in 2009 and has since been implemented by almost 20 financial institutions in 11 countries, reaching well over 10 million online banking users. Meniga’s PFM Solution has received multiple awards for innovation, such as „Best of Show” at FinovateEurope in both 2011 and 2013, and boasts market leading adoption and retention metrics.

About Comdirect

Comdirect bank AG is part of the comdirect group and comprises the B2C business line. As a leading direct bank and market leader in online securities business for modern investors, comdirect offers brokerage, banking and advice. More than 1.7 million private customers place their trust in comdirect. With around 200 million page impressions a month, is one of Germany’s most frequently visited financial websites.