Mint.com: So Close To A Great Web 2.0 App
Posted on October 17, 2007
Mint.com released its Web 2.0 financial app a few weeks ago and I have been dabbling with it ever since. What a great concept, but bad execution. This type of web based financial application has been destined to hit the market sooner or later, and from my experience Mint should have waited for the later. In my time testing the product I had multiple failures including:
- Difficulty connecting to approved banks. Some banks I could pull my information into the application and some would hang.
- Transactions labeled incorrectly. Transaction titles were changed from what was the correct title to some other label.
- Spending trends skewed. As a result of transactions having incorrect labels my spending trends were skewed greatly.
The bottom line is to get me to switch from Quicken to another product it has to exceed Quicken’s performance. Having a web based application that saved me time, effort, and money would be valued, but at this time Mint is not that product.
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2 Responses to “Mint.com: So Close To A Great Web 2.0 App”
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I’m not sure if you’ve checked out Geezo at all but in my limited experience with financial web applications it does a fantastic job integrating. I’ve never tried mint and in light of your entry I probably won’t.
I visited the Mint website and could not for the life of me figure out why I should give it a go. In what way COULD it be better than Quicken? Plus the whole idea of putting all my most sensitive financial information in a single place online and in the hands of a company who does not actually need it, sends chills down my back, and I don’t care about all the promises of encryption and security.
I just find the whole notion strange.