In its bid to boost financial awareness and literacy among financial consumers to make informed financial decisions, Bank Negara Malaysia (BNM) launched three mobile applications last week. These apps are MyTabung, MyBNM and BNM MyLINK.
By marrying technology and finance, these apps aim to equip Malaysians with the necessary knowledge, skills and tools to make smart and prudent financial decisions.
MyTabung
For those who are struggling with money management, BNM has launch a budgeting app, MyTabung, which caters specifically for those who live in Malaysia. This tool helps individuals to create a personal or household budget, where one can capture incomes, savings and recurring expenses with an on-the-spot display of the user’s financial standing and spending patterns.
Individuals can also obtain financial advice and budgeting tips to guide them in managing their finances sensibly.
MyBNM
This official BNM app keeps consumers informed of the latest financial news including notices and announcements, speeches and interviews, press releases, financial fraud alerts and foreign exchange rates at their fingertips.
The information available here includes latest developments and news, and updates on the monetary and financial policies and regulations by the central bank.
BNM MyLINK
This app connects consumers and financial service providers in Malaysia with an extensive directory of conventional and Islamic banking, insurance and takaful companies, as well as SME institutions. Consumers can make enquiries, obtain advice and lodge their complaints directly with the financial service providers.
The apps come in both Bahasa Malaysia and English, and are available for free from Apple App Store and Google Play Store.
“The use of these mobile applications will not only provide consumers with the latest development and updates on financial matters, but also provide financial consumers with tools to plan and manage their finances and exercise their rights as financial consumers,” BNM said in its statement.
