KARACHI: The Bank of Punjab (BoP) is partnered with a Hysab Kytab’s solution for Personal Finance Management (PFM) into its Digital Banking services. This collaboration will be enabled through NdcTech, an award-winning regional partner of Temenos. The Temenos, leading Digital Banking platform, has been acquired by The Bank of Punjab for all its channels across Pakistan.
As part of this collaboration, Hysab Kytab will license their Personal Financial Management (PFM) solution while NdcTech will integrate the solution to provide a next-generation user experience, for mobile & internet users.
Once integrated, this App will enable the users to have a 360-degree view of their financial activities, track and record their spending, create budget plans, track saving goals, receive personalized insights, and much more. By using PFM, the users shall be able to make informed financial decisions based on additional analytics available to them. Commenting on partnership, 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 information on one big picture.
According to Navaid Kareem, Director Sales and SEVP at NdcTech, through Hysab Kytab’s PFM & NdcTech’s extensive expertise in Banking Implementations, The Bank of Punjab will be able to provide its digital users with a holistic view of their finances, empowering them to make sound financial decisions.
Zahid Mustafa, Group Chief Consumer and Digital Banking, at The Bank of Punjab has said that BoP is excited to partner with NdcTech and Hysab Kytab to implement their market leading PFM solution embedded in our Mobile app and internet banking solution. “Though PFM adoption is generally low in the country, we shall strive to design it in a user-friendly manner in order to enhance adoption”, he added.
Copyright Business Recorder, 2022
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