As the Dow drops and concerns climb, a new financial network is hoping to make money management a little easier for the folks Down Under. Mozo, just launched this week, combines user-generated content with live data feeds from all of Australia’s banks. The idea is to let you easily compare financial companies on both their up-to-the-minute performance, and on consumer-based marks ranging from interest rates to customer service.
Some of the site’s early findings include the idea that smaller community banks may be the preferable choice for Australians, compared to the big corporate entities. Mozo’s research indicates Bendigo Bank ranked most favorably of all. The site also found regional banks were rated as “most trusted.” Commonwealth and NAB, on the other hand, got the unfortunate honor of being the least favorite financial institutions in all of Australia.
This site couldn’t be launching at a better time — and, most significantly, it’s free for end-users. Mozo has seven employees on its staff and is based in Sydney.