The Bank associated with Punjab will be integrating a local FinTech Hysab Kytab’s option for Personal Finance Management (PFM) into its Digital Banking services. This collaboration is going to be enabled through NdcTech, a good award-winning regional partner of Temenos. The Temenos top Digital Banking platform has been acquired by The Bank associated with Punjab for all its channels across Pakistan.
As part of this collaboration, Hysab Kytab will license their particular Personal Financial Management (PFM) solution while NdcTech may integrate the solution to provide a next-generation user experience, for cellular & internet users. Once built-in, this App will allow the users to have a 360-degree look at of their financial activities, monitor and record their spending, create budget plans, monitor saving goals, receive individualized insights, and much more. By using PFM, the users shall be able to create informed financial decisions depending on additional analytics available to them. Hysab Kytab’s consumer app has users in over 160+ countries clocking above twelve Million transactions and keeping track of.
Commenting on the partnership Mr. Yasir Ilyas – Head of Hysab Kytab said that
“Hysab Kytab’s Personal Financial Management (PFM) tool will allow BOP’s customers to view their financial home elevators one big picture. Clients may create budgets and track their expenses, accomplish their dreams by generating saving goals, know their particular net worth and have access to visualization of their category-wise investing, track subscriptions, view tendencies, have access to their spending plus cash flow insights, and much more. ’’
Mr. Navaid Kareem, Movie director Sales, and SEVP with NdcTech said that
“NdcTech concentrates on building Banks of future, enabling them to become digital-first. Through Hysab Kytab’s PFM & NdcTech’s extensive expertise in Banking Implementations, The lender of Punjab will be able to supply its digital users having a holistic view of their financial situation, empowering them to make audio financial decisions. We look forward to creating an amazing digital consumer experience. ”
Mister. Zahid Mustafa, Group Primary Consumer, and Digital Banking, at The Bank of Punjab quoted that,
“Digital financial services are rapidly becoming a client lifestyle, our customers expect personalized banking services available at their fingertips, twenty-four hours a day, anywhere and everywhere. In the Bank of Punjab The Customer is at the heart of all things we do, all our digital initiatives are built about achieving contextualized and superb customer experience, Personal Financing Management is one of the key electronic capabilities we are set to build for our customers. We are capable to partner with NdcTech and Hysab Kytab to implement their market leading PFM solution embedded in our Mobile application and internet banking option. Though PFM adoption is generally low in the country, we will strive to design it in the user-friendly manner in order to enhance adoption. ”