Mashreq has introduced Money Insights, a personal financial management tool integrated into its NEO mobile banking app.
The feature is available to the bank’s 1.5 million UAE customers, providing them with greater visibility over their spending and cash flow.
It includes an activity tracker that automatically sorts transactions into more than 40 categories. Users can view up to six months of historical data, track month-on-month comparisons, and detect duplicate charges.
The product also features a subscription tracker that consolidates all recurring payments into a single dashboard.
This function helps customers identify forgotten or overlapping subscriptions and calculate their total monthly financial commitments.
“With Money Insights, we are moving beyond transactions to deliver a proactive and insight-driven banking experience,”
said Fernando Morillo, Group Head of Retail Banking at Mashreq.
He added that embedding financial insights directly into the app reinforces the bank’s focus on digital progression for its retail customer base.
The bank reported that early testing with over 30,000 customers yielded an average rating of 4.6 out of 5 for the new capability.
Mashreq plans to use the platform as a foundation for further personalisation and future digital banking enhancements.
Featured image credit: Edited by Fintech News UAE, based on image by Mashreq
