KARACHI: Habib Bank Limited has joined forces with Hysab Kytab to launch the first comprehensive ‘personal finance manager (PFM)’ solution, offered for the first time by any bank in Pakistan.

Hysab Kytab’s PFM (budgeting) tool is integrated into HBL Mobile and will enable app users to take control of their financial well-being.

In a press release, Veqarul Islam, founder of Hysab Kytab and director of Jaffer Group of Companies, said: “Going live with HBL is a major milestone”.

He said Hysab Kytab is a PFM born in Pakistan, and thanked HBL for selecting it for their own digital platform.

HBL’s chief digital, innovation and financial inclusion officer Abrar Mir said: “This partnership with Hysab Kytab is a pivotal step in providing our mobile banking users with a holistic view of their finances, and will empower them to make sound financial decisions.”

In the first phase of the launch, HBL mobile app users will be able to record and track expenses, create budgets in various categories, plan and track saving goals, and view all accounts in one place. The next phase includes auto-categorisation and data integration that will further enhance the customer experience.

Published in Dawn, April 5th, 2021