Traditional finance apps use a single data provider to allow their customers to sync with real banks. With MoneyWiz we’ve decided to challenge that so we’ve made MoneyWiz the first and only finance software that uses multiple data providers for bank integration. That allows us to support more banks in more countries than any other software.
Unlike traditional apps that categorize transactions based on the payee, MoneyWiz uses its own sophisticated algorithms that also monitor how you categorize transactions and aim to repeat that behavior. For that reason, the more you use MoneyWiz the more accurate it becomes. MoneyWiz also does many optimizations that normalize the transaction data to assure its high quality.