DBS unveils customised digital financial planning tool

It is integrated into the DBS/POSB internet banking app.

DBS has launched a new digital financial planning solution that can be tailored to individual customers, according to a news release.

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The NAV Planner is guided by the bank’s proprietary financial planning framework which employs the Financial Planning Association of Singapore’s benchmarks. It is an evolution of the predecessor Your Financial GPS, and is integrated into the DBS/POSB internet banking and digibank app.

The solution grants clients a personalised banking sheet, which gives a full overview of cash savings, loans, insurance protection plans and current investments as held with the bank. Using the sheet as a basis, the planner can help customers compute if they have adequate protection coverage or funds for investments, based on their life stage.

It also provides a dashboard view of the customer’s entire investment portfolio with a breakdown of the different instruments they have, together with each instrument’s monthly performance. This feature is offered to retail customers.

The bank will also maintain and add to its extensive library of financial planning-related guides, educational video clips and articles, which are open to the public on its online NAV page.