Bank from UAE launched personal finance management app

The bank has selected Strands as its key FinTech partner

Bank from UAE launched personal finance management app. Source: shutterstock.com

Abu Dhabi Commercial Bank has gone live in the United Arab Emirates with its personal finance management (PFM) application built on Strands’ technology. The MoneyBuddy app is intended to help ADCB customers understand and manage their finances in a smarter way.

Strands has a proven track of record of developing and delivering customizable digital money management software to top-tier banks worldwide – and was selected by ADCB as their key FinTech partner.

More than half a million ADCB customers can already use the MoneyBuddy PFM app, which allows them to:

  • Track their spending, savings goals and budgets;
  • Predict how purchases will impact their overall financial health;
  • Understand their monthly cash flow so they’re never caught unaware.

Moreover, to speed up the customer onboarding process in MoneyBuddy, iOS users are able to log into the app through Face ID.

According to ADCB, customer feedback has been outstanding so far, with registrations currently doubling their initial target.

SEE ALSO: Banks vs. startups: from observers to active partners

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