Faizel Patel - 30/01/2020
First National Bank customers who use cellphone banking can now their spending activities, view available their funds and credit status.
The initiative is an expansion of FNB’s nav» Money solution to help customers bring their money to life and improve financial fitness by being on top of their financial habits at any time or place.
The nav» solutions were first launched on the FNB App and include nav» Money, nav» Home, nav» Car, and nav» Wellness; all intended to help customers manage a range of needs.
Jolandé Duvenage, nav» Chief Imagineer (CEO) says money functionality on cellphone banking is important to help clients stay on top of their spending.
“Research that we’ve conducted shows that tracking spending with the view of spending less or finding ways to ‘waste’ less money is one of the top financial goals for 2 in 3 of clients across all income groups.”
Some of the helpful features on nav» Money on cellphone banking include the following:
- Track my spend – this feature lets consumers know how much they are spending and should assist them with managing their cash flow better.
- My available funds – lets consumers know how much money will be left after all known upcoming payments like debit orders, before they reach the end of the month.
- My credit status – FNB assess various data sources, including internal information and credit bureau information, to rate a customer’s credit fitness across seven helpful drivers of behaviour.