What is the name of the personal finance management platform launched by Paisabazaar?

The correct answer is PBMoney.

In News

• Paisabazaar has launched PBMoney, a personal finance management platform aimed at improving financial wellness for consumers.
• The platform provides a unified view of financial accounts, including bank accounts, mutual funds, and stock portfolios.

Key Points

• PBMoney is built on the Account Aggregator framework and integrates financial data for a seamless user experience.
• It provides actionable insights to track income, expenses, investments, and financial health.
• The platform features AI-driven investment advisory services offering tailored recommendations based on risk appetite and goals.
• Future updates will include insights on insurance coverage, emergency corpus planning, and GST filings.

Additional Information

• Paisabazaar
  • India’s largest marketplace for consumer credit and free credit scores.
  • Part of PB Fintech Group, listed on Indian stock exchanges since 2021.
  • Partners with 60+ banks, NBFCs, and fintech firms to provide wide-ranging financial products.
• PBMoney Features
  • Tracks income, expenses, investments, and portfolio performance.
  • Provides AI-powered investment advisory services with customized recommendations.
  • Ensures transparency by keeping advisory services independent of execution.
• Account Aggregator Framework
  • Allows seamless integration of financial data across multiple platforms.
  • Improves financial planning and decision-making for users.
• Future Enhancements
  • Will include insights on adequate insurance coverage and emergency financial planning.
  • Aims to provide a 360-degree view of financial health.