NatWest trials new personal finance app Mimo


#1

Mimo will help customers budget, remind them of the financial tasks they need to do and provide proactive and personal insights into their money, looking at their bills or day-to-day spending, as well as insurance, subscriptions and utilities.

Chief Digital Officer for NatWest, Frans Woelders said: “We know that customers want to keep better track of their money, but find it hard to find the time or the motivation to manage the admin around that, so we’ve developed Mimo to make it easy, simple, and as straightforward as possible to keep on top of their finances.”

Mimo has been designed to help make their financial life easier and uses contemporary technologies, including Open Banking APIs, AI and data analytics to help customers manage their money, and show them new insights about their finances.

Mimo stands for ‘money in, money out’ and is designed to help customers budget and remember admin tasks, such as paying bills.


(sam) #2

Sounds like what a millennial would call breast milk


#3

This is presumably separate to Bó, the other budgeting app RBS are releasing?


(Lord Chimpington... the 3rd) #4

I’m just waiting for the RBS rebranded App…

Oh wait… it already happened… “The Royal bank of Scotland now” (as opposed to RBS)