Kuwait’s Burgan Bank boosts digitalization with Personal Finance Manager Tool

By Salma C, Intern Reporter
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Kuwait-based Burgan Bank’s Personal Finance Manager tool (PFM), available on the Burgan App, offers features that enable customers to keep track of their spending habits through detailed insights that help them to better manage their personal finances.

As a practical comprehensive tool supported by user-friendly money management features, the PFM promotes smarter financial habits by facilitating the management of users’ personal finances and the tracking, organization, and analysis of their expenditures anytime and anywhere

Users can create customized monthly budgets based on their preferred categories and easily understand drops in their spending using the live reports through the App. Therefore, they can set their own financial goals and plan well for their financial future.

Commenting on PFM, Mr. Deniz Cengiz, Group Chief Digital Banking Officer stated that “By facilitating budgeting and saving, the PFM tool enables our customers to be proactive and in control of planning their financial future. They can also invest the money they have saved using the PFM by choosing an investment option easily and directly through Burgan App, like a daily investment account or a deposit account. Customers can also invest their savings by opening a Kanz account to have the highest return on investment and enjoy the flexibility and freedom to handle their saved deposits. In addition, Kanz account offers the chance to enter multiple draws including an annual 1,500,000 KD annual prize draw and win great valuable prizes for every KD 25 deposited in the account.”

Mr. Cengiz further added that “We always strive to provide the best offers to our customers. We will continue to push towards advancing our digital transformation journey, as we constantly seek to create new products and services that help fulfill our customers’ short and long-term financial needs and guarantee an enhanced overall banking experience.”

The PFM Tool is one of the best digital solutions to reflect Burgan Bank’s efforts to upgrade its existing digital platforms and to deliver new solutions and products to meet the needs of all customers and to help them invest for a better future.

Burgan App is one of the smart solutions designed to offer customers a better well-rounded digital banking experience in line with the Bank’s strategy to invest in elevating its digital platforms.

Related: SunTec urges UAE & GCC banks to move towards ‘Lifestyle Banking’

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