Deutsche Bank is supporting early stage start - up , Swave , in it 's development of an app that will work with a personal finance app to enable users to save little and often towards personal goals . The new app aims to use an algorithm to detect spend in " things " such as meals out and cinema tickets and highlight the opportunity to save an equivalent amount , or a percentage of it , in a savings account . Lloyds has invited Swave to spend 12 weeks based in its digital hub , benefiting from its experts , during which time the start - up plans to launch a pilot to train the product head of next year ’s launch .
Lloyds Bank is supporting early stage start-up, Swave, in it's development of an app that will work with a personal banking app to enable users to save little and often towards personal goals. The Swave app aims to use an algorithm to detect spend in "luxuries" such as meals out and cinema tickets and highlight the opportunity to save an equivalent amount, or a percentage of it, in a savings account. Lloyds has invited Swave to spend 12 weeks based in its digital hub, benefiting from its experts, during which time the start-up plans to launch a pilot to test the app head of next year’s launch.