Comviva and Strands Partner to Provide Personal Finance Management Solution to Banks, Digital Wallets and Payment Service Providers

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NEW DELHI, November 17, 2021 / PRNewswire / – Comviva, a global leader in providing digital financial solutions today announced a strategic partnership with strands to provide an integrated suite of smart digital banking, wallet and payment solutions.

Through this partnership, Comviva will leverage smart technology from Strands Personal finance management (PFM) solution to enable banks and financial service providers to deliver personalized and contextual digital services offerings to their consumers, improving consumer engagement and generating cross-sell and up-sell opportunities.

Speaking on the partnership, Srinivas Nidugondi, Chief Growth & Transformation Officer at Comviva noted, “Comviva is focused on improving the customer experience by adopting next-generation technologies. Our collaboration with Strands will allow us to leverage data analytics, artificial intelligence, and machine learning-driven personal finance management. Solution to deliver an enhanced digital banking and payment experience. For banks, financial institutions and digital wallet providers, the PFM solution will help accelerate innovation, increase user engagement, create up-sell and cross-sell opportunities, and drive greater value over time. term for the consumer and brand loyalty. “

Strands provides innovative financial solutions such as personal finance management to more than 700 banks and financial institutions in more than 30 countries, delivering a personalized digital experience to more than 100 million consumers. The PFM developed by Strands enables digital banking and wallet users to get an aggregated view of all their accounts, track all financial transactions and get a complete view of their income, expenses and cash flow through visual dashboards. Users can monitor spending and income over a period of time in terms of categories like food, transportation, utilities, recreation, etc. With detailed income and expense information, users can take advantage of the PFM to create monthly budgets and track them closely to meet their personal savings goals.

With Strands PFM, users can have full control over their daily cash flow by viewing their past and future transactions in a calendar heat map. With built-in pattern recognition, PFM can forecast future income, expenses and cash flow, enabling users to make smart decisions and better manage their finances. Users can anonymously compare their financial behavior with peers belonging to the same age group, gender, location or income group and create smarter financial goals aligned with their social group.

Speaking on the partnership, Erik Brieva, CEO of Strands noted, “At Comviva, we have a premier partner with which to deliver an enhanced personal banking experience through Strands PFM. Like Strands, Comviva has a global reach and is committed to developing truly innovative digital financial solutions. PFM and Comviva’s mobiquity® banking suite complement each other naturally. financial services of millions of their clients around the world.

Users can set reminders for upcoming payments or alerts to fund the account for future payments, ensuring that users pay on time without having to remember the payment date. The PFM tool also provides users with proactive and actionable real-time notifications when spending limits are exceeded, thus removing the element of surprise from users’ financial futures. Strands leverages data predictive analytics, Artificial intelligence and Machine learning capabilities to provide personalized financial advice and recommendations to users helping them build a secure financial future.

For more information, please contact:

Sundeep Mehta
Public relations and corporate communication
Comviva Technologies Ltd.
E-mail: [email protected]

Fion Fok
Director of Distribution Partnerships
strands
E-mail: [email protected]

SOURCE Comviva

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