Moneythor rolls out smart PFM for The Saudi Investment Bank

The Saudi Investment Bank chose digital banking solution provider Moneythor to implement personal financial management (PFM) tools that will provide SAIB’s customers with more holistic experiences and enable them to have a better understanding of their personal finances.

The Moneythor solution is powered by real-time data, machine learning and behavioural science techniques to help banks improve functionality and power highly personalised experiences for their customers across digital channels.

Moneythor’s engine and data-driven personalisation capabilities allow SAIB to focus on customer centricity and to enhance its digital engagement capabilities while deepening its relationship with customers by providing them with a more intuitive experience to address their financial needs and goals, both short and long-term.

SAIB’s PFM is touted as the first service in Saudi Arabia that provides consumers with a solution that serves them with personalised, contextual and actionable recommendations and insights into their day-to-day finances.

“We congratulate SAIB on a smooth integration project to deliver best-of-breed customer-first digital banking experiences with enhanced financial wellbeing capabilities, which is a central tenet of our solution.,” said Olivier Berthier, CEO at Moneythor. “We look forward to implementing the additional use cases we have in store for local users.”

Faisal Al-Omran, the CEO of SAIB, said they enable the customers to understand their financial behaviour and provide them with smart recommendations using our PFM platform, which can support their financial decisions.

Moneythor provides financial institutions with a modern toolkit to enhance their digital services by providing actionable insights and data driven personalised recommendations enhanced with Open Banking. 

The solution is a fully scalable orchestration engine that sits between data sources and customer channels, delivering highly personalised and engaging customer experiences in real-time.