SAIB rolls out Moneythor’s PFM solution

The Saudi Investment Bank (SAIB) has selected digital banking solution provider Moneythor to implement personal financial management (PFM) tools.

SAIB implements new PFM tech

The vendor says the new PFM offering will “provide the bank’s customers with more holistic experiences and enable them to have a better understanding of their personal finances”.

This will be achieved thanks to the Moneythor tech platform – an orchestration engine that sits between data sources and customer channels – which is “powered by real-time data, machine learning and behavioural science techniques”.

According to Moneythor, SAIB’s PFM is the first service in Saudi Arabia to offer customers a solution that serves them with personalised, contextual and actionable recommendations and insights into their day-to-day finances.

“SAIB customers deserve a unique digital experience beyond traditional internet banking with more data-driven digital services,” comments Faisal Al-Omran, the CEO of SAIB.

Olivier Berthier, CEO at Moneythor, says the integration has been “smooth”.

Singapore-based Moneythor was founded in 2013. It has an international client base, including ANZ in Australasia, Standard Chartered in Asia Pacific, Orange Bank in France, Zand in the UAE, and Ogaki-Kyoritsu Bank (OKB) in Japan.