We've rolled out a number of improvements to Finnomia this week, with much of the work focused on keeping your financial information accurate and giving you more flexibility over how you manage it. The biggest changes involve investment tracking, Canadian bank connectivity, and our Family plan. We're also preparing to introduce optional transaction review, which will let you decide how much involvement you want in categorizing your everyday spending.
Here's a closer look at what we've been working on.
Track Your Investments Without Connecting a Brokerage
Not every financial institution supports automatic connections, and some people simply prefer to manage their investments manually. Until now, that could make it difficult to maintain a complete picture of your finances in one place.
We've expanded Finnomia's investment tracking capabilities to address that. You can now create an investment account directly from the Investments page and choose how you want its value to be calculated.
If you're primarily interested in net worth tracking, you can use a balance-only account. Simply enter its current value and update it whenever you have new information. There's no need to enter individual securities or maintain a detailed record of your holdings.
For people who want more detail, Finnomia also supports holdings-based tracking. You can enter the securities you own, maintain the cash balance in your account, and record investment activity. Finnomia uses available market prices to calculate the value of your holdings, combining that with your account's cash balance to determine its total value.
These options are available for Canadian registered investment accounts, including TFSAs, RRSPs, and FHSAs, as well as regular brokerage accounts and other supported investment account types.
More Accurate Portfolio Performance
We've also made an important change to how portfolio performance is calculated when financial institutions return incomplete information.
Bank and brokerage connections occasionally fail to return all the accounts or balances associated with a connection. Previously, this could result in an investment account being omitted from a portfolio calculation, creating the appearance of a sudden decline even though the underlying investments hadn't changed.
Finnomia now retains the last recorded account balance when updated information isn't available. That balance may not represent the account's current market value, but it avoids treating missing information as an actual investment loss.
We've also improved how newly connected investment accounts are incorporated into performance calculations. When you add an account containing existing investments, its initial value is treated as money entering your tracked portfolio rather than investment growth. This helps distinguish changes caused by adding accounts from actual investment returns.
Together, these changes provide a more consistent picture of investment performance, particularly for users with multiple accounts across different financial institutions.
Continued Improvements to Canadian Bank Connectivity
Reliable access to Canadian financial institutions remains one of our highest development priorities. Finnomia integrates with both Plaid and Flinks, giving us broader access to Canadian institutions than we could provide by relying on a single connectivity network.
This week, we made several improvements to how those connections are managed.
One change addresses situations where a Flinks reconnection attempt fails. Finnomia can now recover from certain errors by starting a new connection session rather than leaving the user with an unsuccessful reconnection attempt.
We've also improved how we handle changes to the account identifiers returned by financial institutions. These identifiers aren't always consistent between synchronization attempts, and changes can sometimes interfere with subsequent account updates. Finnomia now has additional recovery handling for these situations, helping maintain continuity between an existing account and its incoming data.
On the Plaid side, we've improved the connection dialog so that if the bank connection window fails to open, users can still access the retry and cancel options.
We've also adjusted how transaction dates are displayed. The account transaction list and transaction details now use the bank's activity date, which more closely reflects when a purchase or other transaction occurred. We continue to retain the posted date separately.
None of these changes eliminates every possible connectivity issue. Banks, aggregators, and their authentication systems all play a role in the process. However, improving how Finnomia responds when something unexpected happens is an important part of making those connections more dependable.
More Control Over Household Finances
We've been working through feedback from Family plan users and made several improvements to how financial information is shared and displayed within households.
One of the more significant changes gives household owners additional control over transaction-level visibility. An owner can choose to prevent other members from seeing individual transactions from their accounts while still allowing those accounts to contribute to household budget totals.
This is particularly useful for couples or families who want to manage shared financial responsibilities without making every personal purchase visible to everyone in the household.
We've also added personalized default views. Each member can choose whether Finnomia opens in their personal view or the household view, and switching views during a session won't overwrite that preference.
Finally, we've improved the account information displayed in household views. Connection providers, account statuses, and last synchronization details are now presented more accurately, making it easier to understand the state of connected accounts. Connection management remains with the member responsible for the account.
These changes are part of our ongoing effort to make the Family plan useful for real households, where financial arrangements and preferences can vary considerably.
Coming Soon: Optional Transaction Review
We're also preparing to introduce a new feature that gives users more control over how they manage incoming transactions.
Finnomia already uses automatic categorization and user-defined transaction rules to organize spending. For many people, that's exactly what they want. Once their rules are configured, they're happy to let the application categorize transactions automatically and review their spending when it suits them.
Others prefer a more hands-on approach. They want to look at transactions as they come in, confirm that the categories are correct, and work through their spending regularly.
Our upcoming Transaction Review functionality is designed to support both approaches.
With Transaction Review enabled, you'll be able to review newly imported transactions as part of your regular financial routine. If you'd rather rely on automatic categorization and your own rules, you can leave the feature disabled and continue managing transactions as you do today.
We don't think either approach is inherently better. The right workflow depends on how involved you want to be in managing your finances, and Finnomia should be flexible enough to accommodate that.
We're preparing to release Transaction Review shortly and will share more information once it's available.
A Few Smaller Improvements
We've also addressed several usability issues affecting iPhone Safari, including camera handling and navigation within the Settings menu.
Behind the scenes, we've made improvements to our support and administrative tools to give us better visibility into account activity, household memberships, and issues reported by customers. These changes help us investigate problems and respond to support requests more effectively.
What's Next?
We're continuing to focus on investment management, Canadian bank connectivity, and the overall reliability of the platform. We're also paying close attention to feedback from Family plan users as we refine the experience of managing shared finances.
New features are important, but much of the work involved in building dependable financial software happens behind the scenes. We want Finnomia to be a platform that Canadians can rely on, not just one with a long list of features.
Thanks to everyone who's been using Finnomia and taking the time to share feedback. Several of this week's improvements came directly from issues and suggestions raised by users, and that feedback continues to influence what we work on.
If you're looking for a Canadian financial management platform that brings budgeting, investments, debt management, cash flow forecasting, and retirement planning together, we'd love for you to give Finnomia a try.
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