Santander UK launches money management solution with Personetics

By Megha Bhattacharya

Santander UK has teamed up with Personetics for facilitating the launch of a new digital solution called ‘My Money Manager’. The solution will be integrated into the Bank’s mobile banking app and will offer financial tips, personalised spending insights as well as upcoming financial commitments through push notifications.

Andy Warren, Head of Customer Journey Design at Santander UK said, “My Money Manager is the result of a new kind of partnership between Santander and Personetics. Working collaboratively, the Personetics team is an extension of our internal teams, generating new use cases and co-creating beyond off-the-shelf solutions. Building long-lasting and meaningful relationships with our strategic partners is key to accelerate Santander’s digital transformation. We’re proud to bring innovation to our customers.”

According to Santander, My Money Manager users can view cash flow analysis, including deposits and regular payments, and analysis of their spending broken down by category. The solution will offer insights and tools including expected deposit dates for regular payments, push notifications, purchase analysis, a notice of subscription service, advanced warning etc.

Recently, JCB and Banco Santander announced that they have expanded their partnership in a bid to support e-commerce exchange between JCB’s 140 million cardmembers and the Bank’s online merchant portfolio in Spain. The new development will enable Banco Santander’s merchant partners to welcome increased revenue by utilising J/Secure 1.0 on their online platforms.

David Sosna, CEO and co-founder of Personetics, commented, “We’re proud to be working with Santander to provide the technology to deliver personalised, proactive insights that significantly impact a customer’s financial confidence and ability to make lasting improvements to their financial situation. Santander’s continued investment in customer-centric technologies demonstrates their innovative approach to customer engagement and digital innovation to better service their customers in a very tumultuous time.”