Think about your own financial routine. You probably receive your salary at the same bank where you have your loan, but for everyday smaller purchases or online orders you may already use a modern digital provider such as Revolut. When you want to know how much money you actually have in total, the nightmare begins:
You have to log in to three different applications, add up the figures in your head and try to remember which card you used for each payment. This fragmentation is why we lose control. Szumma’s built-in personal financial assistant module brings your entire financial life together in one clean, beautiful interface.
Using the secure framework of the European Union’s PSD2 open banking directive, the application can connect your Hungarian and international bank accounts on one shared platform.
Forget endlessly combing through bank statements. In a fraction of a second, Szumma’s artificial intelligence reviews and labels every purchase in the background. We turn raw data into clear charts and graphs, so you can immediately see how much you spent on groceries, fuel or entertainment in a given month. Of course, we know the world is not made up of bank cards alone, so you can also record cash expenses that cannot be synchronised automatically by creating manual “pockets” in the application.
What does this look like in everyday life?
Imagine setting a maximum monthly budget of HUF 40,000 for restaurants and cafés in the application’s smart budgeting feature. Halfway through the month, you go out for dinner with friends. As soon as you pay by card, Szumma processes the transaction and discreetly notifies you on your phone: “Careful, you have already used 90% of your restaurant budget.” You do not have to maintain spreadsheets: Szumma proactively protects you from overspending before it becomes a problem.