Why LOCO-Bank improved Internet banking

On September 28, 2015 Loco-Bank announced improvement of Online Loco Internet bank by means of integration of service of planning and expense control and income "My finance" on the platform SaaS- a product Cashoff. Service is developed and implemented by the resident of a cluster of information technologies of Skolkovo Foundation the company Cashoff.

Project Results

On the basis of the analysis of cash flows of the user service details reports on expenses and creates personal financial recommendations. Aggregation of the accounts opened in other banks, web purses, personal accounts of mobile operators within one window in Loco by Online is supported. In a system income and expenses of cash are considered.

Loco-Bank (2014)

Service shows in what categories and shops the client makes more purchases in what month high income how many percent are earned on deposits and many other things is gained. In service the possibility of creation of the purposes which the client would like to reach is implemented. Adding the purpose "purchase of the motorcycle", the user needs to specify the amount of future purchase and to select the account from which a part of means will be postponed. A system will automatically analyze all account transactions and will calculate the amount which the client will be able monthly to postpone for the dream without encumbrance for the budget.

Service shows recommendations about economy through actions and discounts of shops. Recommendations consider consumer preferences of each client. For example, if the client for the last year spent 30 thousand rubles at restaurant, a system will prompt that the client could save 2 thousand rubles, having purchased the discount card for 1 thousand rubles allowing 10% a discount.

Dmitry Gorkov, the CEO of Cashoff Lab LLC, noted: "We started in bank not just service of management of personal finance, and the intelligent system capable to foresee desires of clients of bank, based on their financial activity. Thanks to Cashoff, each client of bank actually becomes VIP client".