KARACHI: According to a statement released on Saturday, Habib Bank Limited (HBL) has partnered with Hysab Kytab to create the first comprehensive Personal Finance Manager (PFM) solution, which will be given for the first time by any bank in Pakistan.
The PFM (budgeting) tool from Hysab Kytab has been integrated into HBL mobile, allowing all app users to take control of their financial well-being.
“Going live with HBL is a huge milestone,” said Veqar Ul Islam, founder of Hysab Kytab and director of Jaffer Group of Companies. Hysab Kytab is a Pakistani PFM, and I’m grateful to HBL for believing in it and choosing it for their own digital platform. This is the kind of assistance that our local banks can provide to assist Pakistan’s FinTech industry in growing and providing solutions for local needs.”
‘This relationship with Hysab Kytab is a critical step in giving our mobile banking users with a holistic view of their money, and will empower them to make informed financial decisions,’ said Abrar Mir, HBL’s chief digital innovation and financial inclusion officer.
“HBL continues to provide innovative banking solutions, and this PFM will serve as a major differentiator in online and mobile banking services.”
HBL mobile app users will be able to manage and record costs, make budgets in several categories, plan and track saving objectives, and access all accounts in one place in the first phase of the launch, among other capabilities.
