National Australia Bank (NAB) has launched a fully integrated personal financial management solution designed to provide customers with more insight into their financial situation.
Branded NAB Money Tracker, the Sandstone developed solution has been fully integrated into NAB’s internet banking system and is available for free to NAB’s 2.1 million internet banking customers.
“We’re making saving simpler. Money Tracker is the complete package for budgeting and tracking your money, with customers now able to plan ahead by viewing their projected savings while comparing their income and expenses by category,” said Sam Plowman, NAB Executive General Manager Direct Banking.
Powered by a sophisticated categorisation engine, the system uses information from a customer’s transaction history to automatically generate visual representations of spending behaviour and projected balances in an easily understood and intuitive manner.
“Sandstone’s engineers have developed a highly sophisticated categorisation engine which accurately classifies thousands of transactions per second," said Dom Monty, Sandstone’s General Manager Direct Banking.