Portugal’s leading bank, CGD partnered with Tink to upgrade their digital offering with a game-changing PFM app. And so DABOX was launched – in just 6 months.
DABOX achievements
Recognised across EU and Portugal, DABOX won the 2019 European Excellence Awards and was ‘highly commended’ in the 2020 Banking Tech Awards.
A big hit, DABOX got over 50,000 downloads in its first 4 months. Initially available only for CGD customers, it’s now open to all Portuguese consumers.
By partnering with Tink, CGD spared what could have been years of development resources and had a fully fledged solution ready to launch in just 6 months.
Rui Negrões Soares, Head of Digital Bank Department at CGDWe are proud to have launched the first bank-agnostic PFM app in the Portuguese market, and its success reflects consumer demand for financial tools that really add value.
Rui Negrões Soares, Head of Digital Bank Department at CGDWe are proud to have launched the first bank-agnostic PFM app in the Portuguese market, and its success reflects consumer demand for financial tools that really add value.
To respond to the evolving needs of customers, CGD wanted to upgrade their digital offering to build stronger engagement in an increasingly cashless Portuguese market. CGD set out to give not just their customers, but all Portuguese consumers tools to help them understand and effortlessly manage their money.
To respond to the evolving needs of customers, CGD wanted to upgrade their digital offering to build stronger engagement in an increasingly cashless Portuguese market. CGD set out to give not just their customers, but all Portuguese consumers tools to help them understand and effortlessly manage their money.
To up their offering, CGD partnered with Tink to build a personal finance management app – the first to leverage open banking tech in Portugal.
In just 6 months, DABOX was launched, giving millions of consumers unprecedented insight into their economy. DABOX works like a financial coach that lets users:
Get an overview of expenses – from any Portuguese bank
Track spending by category and create budgets or savings goals
Receive personalised insights to help users better manage their money
To up their offering, CGD partnered with Tink to build a personal finance management app – the first to leverage open banking tech in Portugal.
In just 6 months, DABOX was launched, giving millions of consumers unprecedented insight into their economy. DABOX works like a financial coach that lets users:
Get an overview of expenses – from any Portuguese bank
Track spending by category and create budgets or savings goals
Receive personalised insights to help users better manage their money
DABOX was a big hit, winning multiple awards across Europe and Portugal, and attracting 50,000 users months after launching.
Beyond CGD’s own customers, DABOX is engaging consumers across Portugal by providing financial coaching with unique personalised insights.
European Excellence Awards 2019
Live in 6 months
Portugal Digital Awards 2019
50k+ downloads in 4 months
1st open banking solution in Portugal
49% of all aggregations are not CGD
Michael Lokner, Senior Technical Account Manager, TinkWe didn’t work on the project as CGD and Tink, but rather as a single DABOX team across multiple countries, where we were constantly in contact, working together in real time. It showed us that when a bank like CGD is focused on achieving something so forward thinking, even us at Tink had to give 200% to keep up.
I'm really excited for the future of DABOX – it’s such a huge step forward in tech, design and even marketing, that only the sky is the limit for what CGD will do next with it, and I really want to see what that will be.
Michael Lokner, Senior Technical Account Manager, TinkWe didn’t work on the project as CGD and Tink, but rather as a single DABOX team across multiple countries, where we were constantly in contact, working together in real time. It showed us that when a bank like CGD is focused on achieving something so forward thinking, even us at Tink had to give 200% to keep up.
I'm really excited for the future of DABOX – it’s such a huge step forward in tech, design and even marketing, that only the sky is the limit for what CGD will do next with it, and I really want to see what that will be.
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