It includes features like saving goals, free credit status updates, and automatic categorisation of monthly spend to enable smart budgeting with limit alerts.
Raj Makanjee, CEO of FNB Retail, says, "The nav» functionality is part of our efforts to give customers platform-based tools to better manage their money across transactional needs, credit, insurance, savings and investments. Furthermore, users of these features have set up 14 000 active saving goals totalling R528 million, while over 200 000 customers have active budget alerts to help them stay on track, and over 600 000 users are working to improve their credit status. The findings are based on the money management behaviour of more than 2 million active users of the nav» Money functionality over a period of 12 months.
The nav>>Money tool is incredible simple and gives customers an outlook on what their current financial situation is. Customers can also set savings goals and ...
Since launching in 2020, FNB has seen a 56 percent increasing in usage of nav>>Money with the tool now being used by some 2.5 million users. “The nav» functionality is part of our efforts to give customers platform-based tools to better manage their money across transactional needs, credit, insurance, savings and investments. Over the last year FNB has been observing how customers make use of the nav>>Money tool and it found some interesting developments.