22seven, a personal financial management (PFM) service that was acquired by Old Mutual, has revealed that it will launch a mobile application for the Android platform on Thursday, 6 February 2014.
This follows the launch of 22seven’s app for iPhone in April 2013, when it promised that an Android app was on the way.
The PFM service lets users link their Internet banking and other online profiles with financial institutions to a 22seven account. Whenever you sign into 22seven it then automatically pulls your latest financial data and visualises it for you.
When it launched, 22seven emphasised that it doesn’t store the Internet banking credentials (account number or username, password, and PIN) of its users, but instead relies on Yodleee, a third-party financial data aggregation service used by many financial institutions around the world.
The mobile apps let users sign into 22seven from their smartphones, which means you can trigger an update of your financial data without signing into the 22seven website.
While the apps don’t include all the features available on the 22seven website, they do let users view their current financial position, and view and categorise transactions.
22seven costs R25/month, and has a 30-day free trial for new users.