Rekyvik-founded software company Meniga has announced its partnership with Portuguese national financial group Grupo Crédito Agrícola to launch its new banking app, moey! – reports Ruby Hinchliffe of Fintech Futures (Finovate’s sister publication).
The free app will give Crédito Agrícola customers “a better understanding of their spending and finances”, as well as providing “seamless payments through services like Apple Pay and MB WAY”, said inovação e digital director Ricardo Madeira.
The financial advice app, which will also integrate with Android Wallet and Group expenses, inflicts no costs for account opening or maintenance.
“Through the moey! app’s intuitive interface and features, users will enjoy a seamless mobile experience which will significantly improve their everyday banking and personal finances,” said Madeira.
moey! will rely on Meniga’s technology as an engine, and will offer various services including an activity feed for personalised messages and targeted rewards, insights and expense reports which can be filtered, as well as budget and financial planning advice which will automatically generate your budgets and manage them for you.
Meniga’s CEO and co-founder Georg Ludviksson is “very proud” to be working with one of Portugal’s “most reputable banking groups.”
He said the bank’s team has “unrivaled insight” about the needs of its local banking customers, feeling confident that the new app “will excite users right across the region”.
The century-old Portuguese bank has more than one million clients and is one of the larger, more financially stable groups in the country.