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The Silicon Review Asia

Moneythor–Making digital financial services more relevant to get great financial insights

The Silicon Review
December, 2019

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Moneythor is a financial technology company, with offices in Singapore, Paris, and Tokyo, developing banking software components designed to provide better digital banking for customers and enhanced marketing & analytics for banks.The company was founded in 2013 to provide banks and fintech firms with a modern toolkit to enhance their digital banking services, with a prime focus on the generation of data-driven personalized and contextual recommendations for their customers.Moneythor solution provides out-of-the-box capabilities to fast-track such initiatives while enabling you to deliver unique data-driven personalized content and deeper engagement.

Since inception, Moneythor has set a mission for it to make digital financial services more relevant, more personal and to wipe out the myth that you cannot get great financial insights when you visit your financial institution online.The company is headquartered in Singapore and also present in Paris and London. Their solution is currently used by financial institutions in Australia, France, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, and Vietnam.

Products and solutions furnished by Moneythor

The Moneythor software solution is a channel-agnostic data-processing engine with a rich API enabling banks and fintech firms to offer improved functionality and experience to their customers through their digital banking services, such as Web, mobile and chatbots. The solution is a pure Java EE application designed from the ground-up to be bank infrastructure-friendly and scalable. It is deployed on-premises in the financial institutions’ technical infrastructure or in the cloud.

Personalized solutions

The prime focus of Moneythor is in the delivery of real-time, personalized, contextual and actionable recommendations and insights to customers. Examples of these include personal or business financial management (PFM/BFM) features, budgets, goals, automated savings alerts, predictive forecasts, and financial literacy material, cross-selling, card-linked offers (CLO) and more. The solution is packaged with a library of preconfigured content, insights, notifications and nudges ready to be used and covering a broad set of use cases. Custom ones can also be uniquely crafted by the banks in the solution’s user-friendly back-office tool.

Retail Banking

Traditional features offered by retail banks via their digital channels are often exclusively transactional and not effective at engaging with customers or genuinely helping them with their daily financial needs. What is required is a more proactive approach, whereby transaction & activity data is constantly analyzed in order to provide personalized insights and timely recommendations to consumers.

The Moneythor solution delivers a powerful and flexible platform along this vision to enable customers of retail banks and B2C fintech firms to improve their finances both in the short and long term.Augment your digital banking services with personalized recommendations for consumers, including personal financial management (PFM), financial literacy & advisory, contextual marketing, card-linked offers (CLO) and more.

Business Banking

At most commercial banks today, SME and corporate customers can accomplish a wide range of their companies’ everyday banking activities online. However, those digital services generally fall short when it comes to truly assist businesses to improve their finances.

Moneythor empowers commercial banks to leverage digital banking as the ideal medium to deliver tailored data-driven financial assistance with transaction insights, forecasts and recommendations for relevant products to their business & SME customers, across cash management, FX, commercial cards and trade & supply chain finance.Moneythor’s business banking enhances online services to your Business and SME customers with actionable insights into their finances across cash management, FX, trade & working capital finance, and commercial cards.

Web, Mobile & API

The Moneythor solution delivers a flexible framework to enhance the digital banking experience of customers across all devices with out-of-the-box Web integration and a modern developer-friendly API, fully documented and consistent across its front-end and back-end endpoints. From unified transaction history across accounts, cards and/or wallets to powerful search capabilities, advanced money management features, self-service personalization, and digital engagement tracking, all capabilities are available through the UX-agnostic API.

Rich Banking Data

Leveraging rules-based expert system capabilities, statistical algorithms and machine learning, the Moneythor engine is used to augment, classify and analyses transaction data in order to generate better insights for the financial institutions and their customers. It covers the processing of multi-bank (Open Banking / PSD2) and multi-currency instruments, custom events, the auto-categorization of both income & expenses, the normalization of transaction details for improved analytics, the automated detection of trends, patterns and more.

The ardent visionary behind the success of Moneythor

Olivier Berthier is the Co-Founder and also serves as the Chief Executive Officer.

“Moneythor solution provides out-of-the-box capabilities to fast-track such initiatives while enabling you to deliver unique data-driven personalized content and deeper engagement.”

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