What happened to Mint? • Hacker News Board

Re: What happened to Mint?

#281

Post by delecti » Thu, Jan 23, 2020, 9:48 PM UTC

basch wrote: post #208

matmann2001 wrote: post #163

Earlier quoted context omitted.

I feel like they aren't even trying with the categorization. Every payday, I get an email notification from Mint asking if I recently made a large purchase, in the amount of my paycheck. Why even bother having a transaction categorization system, if it can't tell the difference between a deposit and a withdrawal?

Cant you tell it "always categorize"

You can tell it, it won't necessarily work.

I've recategorized a certain transaction pattern and marked it "always categorize" every paycheck for several months.

Re: What happened to Mint?

#282

Post by shashank » Thu, Jan 23, 2020, 9:50 PM UTC

zifnab06 wrote: post #169

Ozzie_osman wrote: post #29

Co-founder of a (yet to be launched) Mint competitor here [1]. One pattern I think we all see over and over again is when products get bought by a large company, they often lose their "soul" (and the original team). Both those things happened with Mint. Another important pattern I've seen is that products, in the long-term, morph to take the form of their revenue model. Many personal finance products are free, but ma…

I’ve looked at a lot of budgeting apps. In order of priority, I want: 1. Don’t be evil (aka don’t be intuit) 2. Web based with some sane security (2fa, encryption at rest, etc) 3. The ability to sync transactions from my bank. 4. Budgeting/reporting. 5. Some sort of sane forecasting. You’ve got N months of data from a customer, why can’t you tell them in 6 months this account is expected to have $x in it? 6. Sane API…

I'm the founder of Buxfer (https://www.buxfer.com)

Forecasting is one of the strongest aspects of our product. We also provide alerts ahead of time if we can predict your account balance will fall below zero (or whatever threshold you configure). Forecasting can also be used to preview your expenses/income/cashflow for the upcoming months / years.

We do have an API, but I admit it's not the best around. Other than that, our product does all the 6 things you point out.

Happy to hear more feedback at shashank@buxfer.com

Re: What happened to Mint?

#283

Post by dlandis » Thu, Jan 23, 2020, 9:50 PM UTC

djstein wrote: post #92

Just going to post a great alternative that people over at http://reddit.com/r/financialindependence/ recommend Personal Capital http://personalcapital.com/ I've been using it for about 4 years now. Best money management system I've used in a long time

Can it aggregate/scrape data from your accounts though if you have 2FA setup on all your various accounts?

Re: What happened to Mint?

#284

Post by rokhayakebe » Thu, Jan 23, 2020, 9:57 PM UTC

wyclif wrote: post #272

ASinclair wrote: post #135

Earlier quoted context omitted.

> I think you could run a reasonable lifestyle business here if you don’t take VC, but I’m skeptical this can ever be truly mass-market. You Need a Budget (YNAB) is proof of this. I don't believe they've taken any VC funding and are a pretty successful lifestyle business in the Budgeting/Finance space.

I hate the phrase "lifestyle business." Look: it's a business. No, it's not going to make VCs billionaires. But it's a perfectly respectable business nonetheless. Nothing wrong with that.

Do not worry. There is only a tiny group of people who know the meaning of the term.

Re: What happened to Mint?

#285

Post by KirinDave » Thu, Jan 23, 2020, 9:57 PM UTC

Ozzie_osman wrote: post #29

Co-founder of a (yet to be launched) Mint competitor here [1]. One pattern I think we all see over and over again is when products get bought by a large company, they often lose their "soul" (and the original team). Both those things happened with Mint. Another important pattern I've seen is that products, in the long-term, morph to take the form of their revenue model. Many personal finance products are free, but ma…

Sure but... Let's not kid ourselves. The FIs are actively killing these products because we all realize how much we can damage the PBR stickiness of American banks.

The "KLO-ification" of Mint, the C1Acquisition of Level, Visa tactically grabbing Plaid: they're all to consolidate the industry and allow existing players to stifle the American banking landscape.

Re: What happened to Mint?

#286

Post by dfischer » Thu, Jan 23, 2020, 10:00 PM UTC

I really like `albert` on the Apple Store for this. They even have texting as a component to it which is really nice.

Re: What happened to Mint?

#287

Post by peter303 » Thu, Jan 23, 2020, 10:00 PM UTC

ghostpepper wrote: post #254

The killer feature I am waiting for is any site or app with automatic transaction importing from my bank without requiring me to input my online banking password and thus being one data breach away from someone having full access to all my accounts (sms-based 2FA notwithstanding) This is a solved problem in tech (OAuth, I think) so clearly there are perverse financial incentives (ie. my bank doesn't want to make it e…

Or a financial institution could create read-only accounts with no permission to transfer any money anywhere. Besides fintech apps, these are useful for guardians of young or elderly to monitor them. Or when I am traveling in an area with untrustworthy wireless or cellular and want to see if a transaction cleared.

Fidelity Brokerage has this kind of account.

Re: What happened to Mint?

#288

Post by whatsmyusername » Thu, Jan 23, 2020, 10:02 PM UTC

I mean, they were feature complete. There was nothing to add, only to remove to add an upsell.

It also doesn't help they run on Plaid and Plaid's a ticking time bomb piece of tech (despite what they sold for).

Re: What happened to Mint?

#289

Post by tobylane » Thu, Jan 23, 2020, 10:03 PM UTC

ghostpepper wrote: post #254

The killer feature I am waiting for is any site or app with automatic transaction importing from my bank without requiring me to input my online banking password and thus being one data breach away from someone having full access to all my accounts (sms-based 2FA notwithstanding) This is a solved problem in tech (OAuth, I think) so clearly there are perverse financial incentives (ie. my bank doesn't want to make it e…

Try a European bank, but I get the impression that they firmly wait until local regulation allows what they’ve built for elsewhere.

Re: What happened to Mint?

#290

Post by ThePowerOfFuet » Thu, Jan 23, 2020, 10:06 PM UTC

ghostpepper wrote: post #254

The killer feature I am waiting for is any site or app with automatic transaction importing from my bank without requiring me to input my online banking password and thus being one data breach away from someone having full access to all my accounts (sms-based 2FA notwithstanding) This is a solved problem in tech (OAuth, I think) so clearly there are perverse financial incentives (ie. my bank doesn't want to make it e…

This is a solved problem in the EU thanks to PSD2.