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29
Oct

Moneythor, ANZ partner to improve customer personal finance

Digital banking solution developer Moneythor has been selected by Australia-based bank ANZ to boost its customer experience.

Through this partnership, ANZ is hoping to utilise Moneythor to provide recommendations and insights to help its customers better manage their finances.

In the initial stage of the deployment, Moneythor will look to help ANZ’s customers reach saving goals through personalised spending insights and actionable nudges.

Founded in 2013, Moneythor delivers digital banking tools to banks and FinTechs, with a focus on data-driven, personalised and contextual recommendations. Headquartered in Singapore, its solutions are used by clients in Australia, France, India, Japan, Hong Kong, Vietnam, Malaysia, and Indonesia.

Its APIs can help financial institutions upgrade existing infrastructure, launch a new digital solution or implement chatbot services.

ANZ program director Joe Lewis said, “We constantly look at unlocking the power of data and analytics to help our customers better understand where their money is going and to assist them in building savings habits.

“The Moneythor technology with its built-in transaction data analytics and its nudge engine will be a core component of this solution.”

Last month, fellow Australian bank Tyro also partnered with a FinTech company, forming a deal with Alipay to support Chinese tourist transactions.

This partnership makes Tyro the first Australian bank to provide an all-in-one EFTPOS solution through Alipay. The deal will improve Australian businesses access to the Chinese visitor market, and is expected to launch by the second quarter of 2019.

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