HONOLULU—First Hawaiian Bank (FHB) yesterday announced the launch of its new mobile banking app, available now to customers. The app provides intuitive account tools that make it easy to track spending, set monthly budgets, aggregate and view all financial accounts in one place, and receive account insights that help you manage your money. This overview of your financial health is customizable, and helps customers set and pursue financial goals, while freeing up more time to pursue life’s opportunities.
“We’ve expanded the functionality of First Hawaiian’s mobile app, to go beyond other basic banking apps, so that our customers have easy access to tools to help them better understand and manage their finances,” said First Hawaiian Bank chairman, president, and CEO Bob Harrison. “The mobile app is intuitive and customizable to create a more personalized experience, giving our customers the power to take control of their financial lives with practical, day-to-day money management resources along with the ability to get a comprehensive view of all of their financial accounts in one place whether they be at First Hawaiian or other financial institutions.”
Managing our financial lives has become more challenging than ever. From monthly bills and mortgages to subscriptions and retirement investment products, keeping track of finances can be overwhelming. The FHB mobile app makes it easy to track savings progress towards your goals, manage purchase transactions, and provides notifications about anomalies—changes in subscription rates, an unusually high utility bill, etc. so that you can spend your money where it matters most. By consolidating all of your financial data, including non-FHB accounts, on one easy-to-use platform, you can have a complete picture of your finances to help you make better decisions.
The typical basic mobile banking app allows you to transfer money between accounts, locate the nearest ATM, check account balances and make a mobile check deposit. With the new expanded functionality, FHB’s mobile app moves beyond these basic transaction functions and is unlike any other mobile banking app currently available from a Hawaii bank.
Key features of the First Hawaiian Bank mobile app include:
Account Aggregation—All financial accounts can be integrated in one place, even ones held at other financial institutions, including 401Ks, investments accounts, credit cards, mortgage and savings accounts, providing users a complete individualized birds-eye view of their financial holdings.
Money Map – The app automatically categorizes all transactions and allows customers to seamlessly manage budget categories to personalize the app for their financial objectives. For example, customers can set a monthly budget and track how much they want to spend on groceries or entertainment. The app will inform them if they are on track with these goals.
Insights—An automated notification system that provides artificial intelligence (AI) driven financial insights and advice. It generates an intuitive feed of notifications about the aggregated accounts on the app, and continuously improves through self-learning analytics. Insights will provide assistance with subscription management, category spending notifications, debt payment reminders, duplicate payment notifications, monthly spend comparisons and much more.
The app is customizable. It intuitively manages your budget for you based on your spending and savings activities, while automatically learning and utilizing the budget categories you setup.
Making informed financial decisions is a lot easier when you can view all your financial accounts in one place. The app can help with saving for college tuition, a down payment on a home or other big purchases, manage spending budgets for groceries or clothing, track merchant credits, and even notify the user if something doesn’t look quite right.
FHB’s new mobile app is another step in the bank’s rollout of digital solutions to meet customers’ modern banking needs, conveniently and securely. Earlier in the year, the bank unveiled a refreshed fhb.com website designed to connect people with financial education, easy online applications and a more personalized experience.
FHB customers can download the new app through the Apple App Store or Google Play and get training on how to use FHB Mobile app to reach their goals at fhb.com/mobilevideos. (PR)