Komo's Analytics Tool, First in a Digital Banking Service in PH

Komo, EastWest Bank’s is the first digital banking service that is proudly established by a local bank. Introduces the app’s newest feature: Analytics, the country’s first Analytics tool in digital banking service.

Increasing safety and health measures in the Philippines led to the rapid adoption of e-commerce, and digital banking. Still, a lot of Filipinos are skeptical about how new technology can make daily life more practical, efficient, and economical.

The answer to this? Komo, EastWest Bank’s digital banking service. Launched in August 2020, Komo stands for “Kontrol Mo Ang Pera Mo,” and is the first digital banking service that is proudly established by a local bank.

The beauty is that it is a completely digital banking experience delivered through a dedicated smartphone app. Users can take advantage of services such as securely opening a savings account, transferring funds, paying bills, requesting on-demand bank documents, and even enrolling in a customized insurance plan through Troo Flex — all from the comfort of their own home and without ever having to visit a physical branch.

Komo takes it a step further to help you keep your finances in check. This year, Komo is proud to introduce the app’s newest feature: Analytics, the country’s first Analytics tool in digital banking service.

This feature is designed to make budget management simple, letting you take control of your spending instead of the other way around. It’s here to help you gain a better idea of your financial habits, in order to manage your money more efficiently.

The Komo Analytics tool comes with an easy-to-navigate tracker that shows the movement of your transactions in real-time and allows you to set and reach your savings goal. Here are some ways how it can help you make better personal financial decisions.

Set Your (Savings) Target
The Analytics tool is integrated with a Savings Calculator that allows you to set your targeted savings goal. Based on the budget that you can set aside, it can calculate and provide you with a workable timeline on when you can meet it. It not only monitors your savings but also helps to determine how much more you need to save to meet your goal and deadline.

Track Your Expenses
Tracking your spending in your head is not the same as listing it down and seeing it in the full picture. With Komo’s Analytics, you will be able to see how your expenses fare against your actual savings, showing you a breakdown of your expenses for a more accurate view of where your money is going. With this, you can recalibrate your spending habits and move forward to making better financial decisions.

Set Your (Realistic) Budget
Oftentimes, the reason that people fall short of keeping to their budget goals is that the set target may simply not be realistic. Because the Komo Analytics tool is built for monitoring the movement of your finances, the dashboard shows insights and trends.

This will help you set a more realistic budget that you can work with in making smarter decisions when it comes to that extra splurge. The Komo app is available for download on the Apple iOS AppStore, Android PlayStore, and the Huawei AppGallery. All it takes is the advantage of technology and a little discipline.

Learn more about Komo, the Analytics tool, and other services at https://www.komo.ph/. 

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