Hatton National Bank (HNB) is a premier private commercial bank operating in Sri Lanka with 251 branches spread across the country. The bank has been internationally recognized by the Asian Banker Magazine as the “Best Retail Bank in Sri Lanka” on nine occasions from 2007 to 2016.
Mobile banking is no longer a new concept. Expanding to a mobile platform may have been enough to ‘go digital’ before, but banks today need to think of new and innovative ways to reach their customers. To prove their might as a strong competitor in the digital banking space, HNB launched an IoT-enabled product by partnering with Fitbit, Apple Watch and Jawbone.
HNB Fit is a mobile application that connects to your fitness device as well as your bank account. The mobile application monitors your steps through the data collected from the fitness device. Once you reach your daily step target your money will be transferred to a high-interest account. With this new age application, they aim to better engage with digital-savvy customers and promote health and fitness among the community. They hope this will be a stepping stone for future endeavors that leverage the technology stack described below.