DBS Bank said it is launching ‘Your Financial GPS’, Singapore’s first holistic digital financial advisor that is now available to all DBS/POSB customers via DBS/POSB iBanking and digibank apps. More than 2.5 million DBS/POSB customers can now access the digital advisor. It is an extension of the bank’s financial planning initiative ‘NAV – Your Financial GPS’, aimed at helping customers navigate through life’s changes, uncertainties and opportunities. Users can set and track budgets against specific expense categories. The digital financial advisor is integrated into customers’ banking transactional activities through DBS/POSB iBanking and digibank apps. This enables its budgeting functionality to provide analysis of customers’ bank account activity as income and expenses are automatically categorized. Customers are also provided with an overview of their set budgets and can see how they are tracking against long-term financial-life goals with just a few clicks anytime, anywhere.
