News

Sav launches 'MyMoney'

Thursday 22 August 2024 11:46 CET | News

Sav has announced the launch of `My Money`, in order to provide its UAE customers with access to a single view of all their finances within a single application.

Following this announcement, `My Money` is expected to optimise the way mass-affluent UAE residents track, analyse, and gain deeper insights into their cash flow. The application was developed in order to consolidate users’ financial data from all their bank accounts, while also presenting it on one dashboard. Customers will have the possibility to also look up transactions by merchants or categories and get reminders for bill payments and subscriptions. 

In addition, the company will continue to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market, while also prioritising the process of remaining compliant with the regulatory requirements and laws of the local industry.

Sav has announced the launch of `My Money`, in order to provide its UAE customers with access to a single view of all their finances within a single application.

More information on the announcement

In order to set Sav `My Money`, customers will need to link their bank accounts and allow the application to automatically categorise their expenses, track their payments, and analyse their overall spending habits. At the same time, to provide improved categorization and intelligent insights, My Money leverages Google’s Gemini AI which incorporates multimodal capabilities that allow it to generate and process text and images safely and quickly.

In addition, the application also offers a transaction history of up to 180 days, which is set to allow clients to review past spending patterns and identify habits in order to make informed financial decisions. Included in Sav’s commitment to privacy and security, user data is leveraged solely for the purposes that customers have consented to, such as providing data into clients’ financial reality and helping them shape it. With this capability, users can revoke consent at any time. 


Source: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: product launch, banking, online banking, mobile banking, digital banking, financial services, financial institutions
Categories: Banking & Fintech
Companies: Sav
Countries: United Arab Emirates
This article is part of category

Banking & Fintech

Sav

|
Discover all the Company news on Sav and other articles related to Sav in The Paypers News, Reports, and insights on the payments and fintech industry:





Industry Events