'iBank Access' Seeking to Remake Personal Finance on the iPad

intuit's quicken options mac users continue falter in wake of stripped-down quicken essentials release , company's ongoing efforts make more fully-functional quicken 2007 compatible os x lion, other personal finance software firms have attempted step void.

1 of more successful companies has been igg software ibank software, available both mac application , companion iphone app. igg software has been teasing few tidbits work on ipad application on past few months, , noted in new blog post today, company appears making significant progress in moving toward release of ibank access ipad. forthcoming app serve double duty either companion app ibank mac or standalone personal finance app.




among significant features of ibank access "direct access", igg's new service provide users more options automatically importing account data financial institutions.

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after enter valid credentials log in bank's website, given list of accounts have @ financial institution - option of choosing accounts want in ibank. example, many folks might have checking, savings , credit card @ same bank , in last screen given option choose of these might not want import. users link of accounts. when accounts created, ibank imports available historical transactions associated each account , automatic categorization.

here beauty of our new aggregation system begins shine. each time launch app, goes out , fetches new transactions. unlike ibank mac, however, there no separate window appears have manually verify transactions import. new transactions automatically appear conveniently marked.

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in effort learn more ibank access , igg's broader ibank efforts, macrumors spoke igg's chief architect james gillespie, 15-year veteran of intuit joined brother ian's company in 2008 oversee ibank , other projects.

change direct access automatic syncing of information on 5,000 financial institutions, ibank access represents paradigm shift igg in require small monthly fee ("in range of fancy cup of coffee") in order users take advantage of service. users choose manually import transactions not need pay monthly fee, igg believes many find service worthwhile. gillespie says:

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internally, people have used excited , love experience. plan on offering sort of free trial wants to, can try out. if people it, great - can sign up, if don't, fine too. not pushing everyone, people want import banks , not go through mac.

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the new direct access capabilities making way ibank mac, increasing tenfold number of financial institutions able feed data directly ibank. users prefer existing ofx import solution, remain available.

gillespie notes igg working on icloud compatibility ibank products. mobileme's idisk service has been popular method ibank users keep data in sync, , igg continue support idisk syncing until apple discontinues service @ end of june. transition icloud relatively straightforward coming idisk, enable igg make further enhancements syncing capabilities down road.

asked gillespie impact of mac app store on ibank sales. ibank has been available in apple's marketplace mac software day one, , gillespie notes has become second-largest distribution channel ibank, behind boxed software , ahead of igg's own download store. sales have been increasing across board, suggesting mac app store sales not cannibalizing other distribution channels , may indeed helping bring increased visibility company.

finally, gillespie shared details on of igg's recent hires, have included 2 former intuit employees core members of team led mac software development , turbotax ipad development during time there. igg providing them new home focused solely on mac , ios applications, company believes has right team in place continue challenging intuit in personal finance software market.

ibank access ipad still under development , igg has not yet promised release date, company intending launch sometime summer.

article link: 'ibank access' seeking remake personal finance on ipad

 

lately have been hear things ibank. need check them out. i'm still using quicken windows via vmware because mac offerings suck.

full featured ipad app great idea along works. give shot right away! i'll keeping eye on this.

 

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