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PFM Hysab Kytab to be integrated by NdcTech into Bank of Punjab digital app

Punjab Bank will integrate Hysab Kytab’s local FinTech personal finance management (PFM) solution into its digital banking services. This collaboration will be carried out through NdcTech, Temenos’ award-winning regional partner. The Bank of Punjab has acquired leading digital banking platform Temenos for all its channels in Pakistan.

As part of this collaboration, Hysab Kytab will license its personal finance management (PFM) solution and NdcTech will integrate the solution to provide a next-generation user experience for mobile and web users. Once integrated, this app will allow users to have a 360-degree view of their financial activities, track and record their spending, create budget plans, track savings goals, get personalized information, and more. Using PFM, users should be able to make informed financial decisions based on the additional analytics available to them. The Hysab Kytab consumer app has users in over 160 countries with over 12 million transactions and the number continues to grow.

Commenting on the partnership, Mr. Yasser Ilyas, head of Hysab Kytab, said that

“Hysab Kytab’s Personal Finance Management (PFM) tool will allow BOP clients to view their financial information in one big picture. Customers can create budgets and track their spending, achieve their dreams by creating savings goals, know their net worth and access visualizations of their spending by category, track subscriptions, view trends, access their spending and cash flow information, and a lot more.”

Mr. Navaid Karim, Director of Sales and SEVP at NdcTech, said that

“NdcTech focuses on building the banks of the future by enabling them to go digital. With Hysab Kytab’s extensive PFM experience and NdcTech’s extensive experience in banking implementations, Punjab Bank will be able to provide its digital users with a holistic view of their finances, enabling them to make sound financial decisions. We look forward to creating amazing digital user experiences.”

Mr. Zahid Mustafa, Head of Consumer & Digital Banking at The Bank of Punjab, quoted this:

“Digital financial services are rapidly becoming a lifestyle for customers, our customers expect personalized banking services available to them at their fingertips, 24/7, anytime, anywhere. At The Bank of Punjab, our customers are at the center of everything we do, all of our digital initiatives are built around providing contextual and superior customer service. Personal finance management is one of the key digital capabilities we intend to create for our clients. We are excited to partner with NdcTech and Hysab Kytab to bring their market leading PFM solution built into our mobile app and internet banking solution. Even though PFM adoption in the country is generally low, we will strive to make it user-friendly in order to increase the level of adoption.”

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