ReadWriteWeb

There was a time when managing finances from your computer meant you had to use desktop software. Today, that's no longer the case. There are now a number of applications that let you do your banking in the cloud, a trend we've dubbed "banking 2.0."

These sites aren't just simplified versions of our former desktop apps, either. Instead, they offer a number of features that take advantage of their "always on" status. Forget downloading updates and typing in your transactions line-by-line, these new banking 2.0 sites can offer you better insight into your financial situation with no additional effort on your part beyond just logging in.

When Mint.com launched, they were taking a big risk - would people trust a web app to manage their finances online? Web 2.0 apps don't necessarily have a reputation as offering hardened security. However, Mint's efforts to prove they were safe and trustworthy won people over as did their easy-to-use personal finance tools. Today, Mint.com serves nearly 400,000 users, manages over $12 billion in transactions, and has saved $100 million+ for its users. However, one problem the site has struggled with was keeping its users informed as to all the new features of its product. Today, the Mint.com site gets an overhaul to specifically address this issue.