The Arab National Bank (ANB) and Finshape partnership aims to better banking services and fulfil the needs of all customers through Finshape’s technology personalisation and data analytics platform. After this news, Finshape said that their partnership with ANB shows how committed they are to putting customers first in the Middle Eastern banking market. Also, both organisations want to change the way clients handle their money and provide them personalised solutions to help them attain their financial objectives.
The Banking and Payment System in Saudi Arabia
The payment and banking ecosystem has changed from being a digital second priority to a digital-first priority in less than 10 years. As technology keeps becoming better and makes life easier, people’s preferences are changing too, as we live in a culture that is becoming gradually more digital. Because of this change, client needs have started to change in a positive way.
As part of the ANB and Finshape partnership, the two companies created and launched the new Money Stories format, as more people become tech-savvy and digitalisation spreads. But digitisation is more than just modernisation; it is making fundamental changes that tear down old boundaries and modify how financial institutions work, interact with customers, and provide rewards. So, as finance and technology come together to a greater extent, becoming digital is increasingly seen as a must-do, not a choice.
The Money Stories style
Finshape worked with the Arab National Bank to create and launch its newest feature, the Money Stories format. This style shows classified expenditure and projections to help consumers remain on top of their money. Also, the bank will be able to send you relevant offers that are connected to other offers.
The official news release says that both companies want to provide their consumers customised financial tools and services that make banking easier and help them reach their financial goals.
So, this partnership will concentrate on data-driven insights, sales, and personal financial management to provide personalised solutions that fit each customer’s requirements and preferences in order to get them more involved.
Arab National Bank said that this partnership would greatly change the way their customers bank, giving them options that are designed to make banking easier and help them reach their financial objectives. This cooperation also wants to raise the bar for digital banking by adding fun and informative elements, such a social media story-like style, to the bank’s app. The ANB and Finshape partnership marks a big step forward for Saudi Arabia’s digital banking ecosystem and overall economy.