Personal finance management system based on integrated electronic receipts

A computer program product for building a personal finance manager, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:

• an executable portion configured for identifying an electronic communication associated with a transaction between the customer and the merchant;
• an executable portion configured for extracting purchase transaction data from the electronic communication, wherein purchase transaction data comprises product level data about the transaction between the customer and the merchant;
• an executable portion configured for storing the purchase transaction data extracted from the electronic communication in a structured database;
• an executable portion configured for integrating the purchase transaction data extracted from the electronic communication with data in an online banking application for the customer;
• and
• an executable portion configured for creating a personal finance manager with the integrated purchase transaction data and data on the online banking application for presenting item level spending categorization on the online banking application.

A computer-implemented method for building a personal finance manager, the method comprising:

• providing a computing system comprising a computer processing device and a non-transitory computer readable medium, where the computer readable medium comprises configured computer program instruction code, such that when said instruction code is operated by said computer processing device, said computer processing device performs the following operations:
• identifying an electronic communication, wherein the electronic communication is associated with a transaction between the customer and the merchant;
• extracting purchase transaction data from the electronic communication, wherein purchase transaction data comprises product level data about the transaction between the customer and the merchant;
• storing the purchase transaction data extracted from the electronic communication in a structured database;
• integrating the purchase transaction data extracted from the electronic communication with data in an online banking application for the customer;
• and
• creating, via a computer processing device a personal finance manager with the integrated purchase transaction data and data on the online banking application for presenting item level spending categorization on the online banking application.