National Australia Bank
(ASX:NAB) is introducing an online platform which will give computerised financial advice to customers, that’s according to Fairfax.
‘NAB Prosper’ will be launched later this month and will be available to 40,000 customers initially, and then 400,000 in a year’s time.
Once customers have entered a number of details, the platform will advise the customer on how much superannuation they need, based on their spending patterns.
Initially, the product will only provide information on superannuation and insurance, but will eventually cover topics including debt and investments.
NAB delivered cash earnings of $1.75 billion for the third quarter.
