Lloyds Banking Group said it has introduced several new features for its mobile banking app, including spend tracking, bill payment alerts and spare change savings options. Available initially to users of Android mobiles, Lloyds Bank, Halifax and Bank of Scotland customers will be able to receive mobile notifications which can be customized to track their spending and transactions. The alerts can let users know when they receive money from a friend or contact, when refunds are credited or when standing orders or bills leave their accounts. New pilots are also being tested that use machine learning software to alert the bank’s 9 million mobile customers when a regular bill is higher than usual or when they are charged for the first time on a card subscription. At a later date, the customers will also be able to use these alerts to show how much they will have left to spend each month after regular bills, as well as when they are due to leave the account.
