Wednesday, June 12, 2024
21.9 C
New York

Chiba Bank to deploy Moneythor personalisation engine for Chibagin app

  • Partnership with Moneythor:
    • Chiba Bank partners with Singapore-based fintech Moneythor to enhance personalised banking experiences.
    • The bank will utilize Moneythor’s financial services personalisation engine for its Chibagin app.

Chibagin App Features:

  • Users can check account balances, transfer funds, make time deposits, card loan transactions, pay taxes, and utility bills.
  • The app enables users to perform various account functions without visiting the bank’s 181 branches in Japan.

Benefits of Moneythor’s Engine:

  • Provides personalised insights tailored to user preferences.
  • Includes money management and savings capabilities, and cash flow predictions.
  • Aims to create deeper connections with customers and enhance the digital banking experience.

Chiba Bank’s Mid-Term Plan:

  • Focus on evolving the customer-focused business model.
  • The plan includes delivering personalised proposals using data, enhancing the existing business model, and exploring new business areas.
  • Set to deliver outcomes by March 31, 2026.

Statements from Chiba Bank:

  • Hideki Shibata, executive officer and GM of the digital strategies unit, highlights that the Moneythor engine will provide personalised insights and recommendations, fostering a sense of community among customers and enhancing digital connections.

Financial Context:

  • Chiba Bank has assets of ¥20,261.7 billion (approximately $130 billion).

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

U.S. Bank taps Greenlight for family-focused money management tools

U.S. Bank Partners with Greenlight to Enhance Financial Literacy...

Finseta offloads non-trading subsidiary Capital Currencies to undisclosed buyer for £150,000

Summary of Finseta's Sale of Capital Currencies:Transaction Overview:...

Peru becomes first South American country to adopt NPCI’s UPI tech

Summary of BCRP and NPCI International Partnership:Partnership Overview:...

Beobank selects Viva to power new corporate payment solutions for SMEs in Belgium

Beobank and Viva Partnership - Key Points:Partnership Objective:...

Siri and Google Assistant look to generative AI for a new lease on life

There’s a lot riding on next week’s WWDC 2024...

Centenary Bank embarks on tech overhaul with Oracle Flexcube core banking system

Centenary Bank Technology Transformation - Key Points:Bank Overview:...

Related Articles

Popular Categories

spot_imgspot_img