Commonwealth Bank of Australia (CBA) is set to relaunch its revamped banking app in a bid to improve user experience.
Announcing the move, CBA CEO Matt Comyn said that the redesigned application will offer personalised experience to the nearly 5.3 million app users.
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Currently, the latest version is undergoing trials and will be launched in the following months.
Comyn said: “It will be an app that is for every one of our customers. We want it to really to feel like it’s your app.
“When you log into the app it will be personalised… and it will show on the home screen the most relevant thing for you.”
The upgraded CBA app will provide the customers with Smart Alerts, notifying them on pending credit card payments. It will also alert the user on high-cost credit card transactions and when they have overdrawn their account.
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By GlobalDataThe app will be equipped with a Goal Tracker to encourage the customers to set personalised savings goals.
It also categories every card transactions for a better overview of their spending habits through Spend Tracker. They will also receive a complete outline of their financial situation on Cash Flow View, detailing all income and expenses.
Additionally, the upgraded CBA app will keep a track of all regular and monthly payments.
In February this year, CBA partnered with telecommunication majors Telstra and Ericsson to explore the 5G technology for banking industry.
The partnership will assess 5G edge computing use cases and trial end-to-end banking solutions over 5G technology.
