Askari Bank partners with Hysab Kytab to integrate Personal Finance Management (PFM) solution into Askari Digital Banking

Islamabad 8th, Feb 2022: Hysab Kytab – one of the leading Fintech has signed an agreement with Askari Bank. This collaboration will empower Askari bank’s Internet and Mobile banking app users to take greater control of their financial well-being.

 

With PFM, users can effortlessly record and track expenses, create budgets in various categories, plan and track saving goals, view all accounts in one place and much more.

Speaking about the partnership and why PFM solutions are a must-have for banks Veqar-ul-Islam –  CEO & Director JBS and Founder of Hysab Kytab said \” I believe the partnership between FinTech and banks is key for the development of compressive solutions offering to end customer. This collaboration with Askari bank will help to boost the digital financial awareness and inclusion of banking customers”

Speaking about the partnership Yasir Ilyas – Head of Hysab Kytab said ‘’ This partnership is a major milestone. Hysab Kytab is a PFM born in Pakistan and I thank Askari Bank for trusting and selecting it for their own digital platform. This is the kind of support that our local banks can offer to help Pakistan’s FinTech industry to grow and provide solutions for the local requirements.

Commenting on the partnership Mr.Khurshid Zafar COO of Askari bank said: “Askari Bank has always strived to provide state of the art digital solutions to its customers. Our partnership with Fintechs is yet another step forward in this endeavor. We are equipping our customers with a digital tool that will enable them to track their spending patterns in the most effective way possible. I strongly believe this partnership will help us achieve our goal towards digitization.”

Mr. Shehryar Ali Shah CDO of Askari Bank said: “We are very excited to collaborate with Hysab Kytab on this project as it aligns with our strategic vision to be the best digital bank for our customers. This technology will capitalize on our momentum towards the use of digital and self-service channels and will elevate customer experience through Askari Bank’s Digital Channels with an unrivaled mobile banking technology.”

Insights by Hydab Kytab

In this time of crisis, leaders like you are taking the necessary actions to get your business through uncertain times. HK gathers insights on consumer spending, budgeting and saving behaviour to help you not only respond to this crisis, but recover and thrive.

We want to help businesses in reimagining the endless possibilities with relevant data insights.

 

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A FinTech that provides white-labelled Financial Management solutions to banks to enhance the banking experience.

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Getting Started

Starting your financial journey is super simple!

To keep track of your spending, you first need to set up an account to spend from!

Press the + button on the first card on your dashboard. Select an account type and add how much you have in this account. You’re all set to track your spending!

Track your spending through the + button at the bottom of the screen. Select whether this is something you’re spending (an expense) or something you’re receiving (an income), or even if this is a loan you’ve taken or given to someone.

Add in the amount, category, and account you’re spending from – and you’re all set to record your transaction! Want to add more details so you can recall the transaction better? No, problem! You can add in a description, labels, link a receipt from your storage, and even connect it to an event happening in your life.

Take this to the next level and add a budget to decide what you can spend this month. Scroll to the bottom of the dashboard and press Create next to Your Budgets. Select a category and an amount you don’t want to cross; this will create a monthly repeating budget for you.