HBL launches Pakistan’s first comprehensive Personal Finance Management tool, powered by Hysab Kytab

Karachi, 6th April 2021: HBL 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 all app users to take control of their financial wellbeing.

Veqar Ul Islam, Founder of Hysab Kytab and Director of Jaffer Group of Companies stated \”Going live with HBL is a major milestone. Hysab Kytab is a PFM born in Pakistan and I thank HBL for trusting and selecting it for their own digital platform. This is the kind of support that our local banks can offer to help Pakistan’s FinTech industry to grow and provide solutions for the local requirements.”

Commenting on this partnership Abrar Mir, Chief Digital, Innovation & Financial Inclusion Officer at HBL 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. HBL continues to deliver innovative banking solutions, and this PFM will act as a key differentiator in the internet and mobile banking services.\”

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, amongst other features. The next phase includes auto-categorization and data integration that will further enhance the customer experience.

Reinforcing its passion for customer-centric digital banking under the slogan of ‘more than just banking’, HBL Mobile is tirelessly working towards developing a deeper understanding of customer needs to serve them better by offering them intuitive banking solutions.

We encourage our customers to log in to the HBL Mobile app, click on the ‘budget’ section and make use of this facility.

Insights by Hydab Kytab

In this time of crisis, leaders like you are taking the necessary actions to get your business through uncertain times. HK gathers insights on consumer spending, budgeting and saving behaviour to help you not only respond to this crisis, but recover and thrive.

We want to help businesses in reimagining the endless possibilities with relevant data insights.

 

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A FinTech that provides white-labelled Financial Management solutions to banks to enhance the banking experience.

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Getting Started

Starting your financial journey is super simple!

To keep track of your spending, you first need to set up an account to spend from!

Press the + button on the first card on your dashboard. Select an account type and add how much you have in this account. You’re all set to track your spending!

Track your spending through the + button at the bottom of the screen. Select whether this is something you’re spending (an expense) or something you’re receiving (an income), or even if this is a loan you’ve taken or given to someone.

Add in the amount, category, and account you’re spending from – and you’re all set to record your transaction! Want to add more details so you can recall the transaction better? No, problem! You can add in a description, labels, link a receipt from your storage, and even connect it to an event happening in your life.

Take this to the next level and add a budget to decide what you can spend this month. Scroll to the bottom of the dashboard and press Create next to Your Budgets. Select a category and an amount you don’t want to cross; this will create a monthly repeating budget for you.