Douugh : Essential Banking Services At Your Fingertips

Andy Taylor, Founder & CEO, DouughAndy Taylor, Founder & CEO
The days when customers had to wait in a long queue to deposit cash or transfer money from their banks have long elapsed—it is smart banking almost everywhere. Today, with spiraling technological disruptions, consumers are becoming increasingly inclined towards digital experiences to make their day-to-day lives more manageable. Consumers are more comfortable with the online platforms than the traditional bank visits and fetch for incredible customization and personalization offered through the digital channels. From quick transactions and transfers to easy maintenance of digital wallets and creating new accounts, smart banking functionalities are in heavy demand among customers across the world today. But along with these basic needs, customers often want even more. Imagine having a smart banking app that could take away all your concerns of managing the finances, reminding you of your debts, upcoming payments, and assisting in spending lesser and saving more? While accomplishing these goals might seem futuristic, an innovative tech company, Douugh, based in Sydney, is already making it possible.

Andy Taylor, a serial technology entrepreneur, founded the company in 2016, streamlining his expertise and passion for technology to deliver cutting- edge offerings in this space. He leveraged the power of advanced technologies to design innovative solutions that can disrupt the traditional face of banking and give better financial decision-making capabilities to the users. Since its inception, Douugh has been striving to transform the existing business model of banks and neobanks by building a new and revolutionary banking model, utilizing software that can offer people massive flexibility and financial freedom.

Putting Forward an Intelligent Banking Experience

This tech company presents an intelligent bank account that aims to eliminate the hassles of regular managing of money and assists in educating and developing positive financial behaviors. The account offers full banking functionalities with a government guarantee on deposits up to $250,000, along with a Douugh Mastercard Debit Card.
Douugh provides a series of intelligent offerings through an incredibly crafted, intuitive, and seamless mobile banking app.From the minutest to the prime banking tasks that users adopt in their day-to-day lives, this app can help enhance financial decisions through its Spending Management feature. Using this, they can track the spending easily and get clearer visibility and access to vital financial information through the concise dashboard of the app. Not just is the viewing made easy, users also need to keep aside a specific amount for different purposes, which can be done through Autopilot Salary Sweeper that puts amounts separately on every payday for bills, saving goals, and a rainy day.

Additionally, the app assists in organizing money into specific categories on every transaction made through Douugh debit card, which allows customers to gain clear visibility in understanding the areas of expenditures and thereby suitably plan a budget in the future. Users can also specify the exact amount they wish to spend on multiple categories like food, groceries, and entertainment. They can get app notifications on their spending to stay at par with their specified spending goals for each purpose and avoid overspending. Further, the instant transaction alerts and smart alerts keep the users notified in real-time when salary is received in the account or when they reach particular targets, helping them stay on track and motivated.

Today one of the effective practices that people aim to maintain is keeping up-to-date with their bills. While the busy schedules of everyday lives hinder achieving this, Douugh takes care of bill management with its Bills Jar that makes the job incredibly seamless. It comprises a virtual jar exclusively for the fixed expenses and subscriptions, facilitating tracking paid bills and upcoming payments, like rents or other paid streaming accounts and any other bills. Besides, Douugh provides Savings Jars that allow users to store money aside for important causes and view their progress in saving. They can set up individual jars for different goals or any emergencies.

What’s more? The app offers a single view of the entire financial position in one place. This connects all the external checking, savings, credit cards, student loan accounts, and investments to Douugh in a secure manner and eliminates the tedious and lengthy spreadsheets and multiple apps for tracking different areas of finances.

Beyond the multifaceted app features for saving and managing finances, Douugh also brings to the table solutions for simplifying regular tasks with safety. They offer Douugh checking virtual cards that can be added to the digital wallets with a single click and used online or in-store, without using the virtual card.

Douugh provides a series of intelligent offerings through an incredibly crafted, intuitive, and seamless mobile banking app


This allows to instantly block transactions, withdrawals, or card purchases, safeguarding customers from any breaches. More importantly, the feature helps to eliminate the safety concerns in locking and unlocking the card or reporting for it when stolen, lost, and changing PIN is made simpler within the app. Interestingly, Douugh doesn’t charge any monthly service fees, overdraft or transfer fees, or even minimum balance requirements, which makes the application very cost-effective for users.

Focus On Strengthening Customers

Douugh highly prioritizes the safety of its customers. The company leverages robust 256-bit AES encryption to protect the data. Its mobile on-the-go transactions ensure complete security.

What has helped Douugh traverse its industrial journey successfully is its set of deep-rooted organizational values. Transparency is at the core of establishing a robust and trusted relationship with customers—it is a principle they have been abiding by ardently. Keeping honesty and informing customers promptly has allowed them to evolve in this industry. Further, Douugh’s aim to empower customers with better financial power has assisted them in offering their intuitive and smart app, leveraging the capabilities of AI. The company also believes in keeping simplicity alive in banking tasks, enabling customers to effortlessly perform their tasks and driving them to positive financial habits.

Thriving in today’s information age, Douugh puts significant efforts into deploying appropriate and intelligent technologies for their app. They aim to offer an intelligent customer experience that is hyper-personalized, understanding, and predictive of the customer’s needs and behaviors.

The prolific banking features that Douugh has brought into the market, pioneering a new business model, is steering the world towards the future of banking. They are looking forward to becoming the people's financial control center, helping them connect their data and accounts into third-party apps. Douugh’s holistic approach in this space is moving ahead in leaps, constantly finding opportunities to help people adopt financially healthier practices every day with enhanced financial wellbeing.
- Paul John
    September 02, 2021
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Top 10 Banking Technology Solution Companies - 2021

Company
Douugh

Headquarters
Sydney, Australia

Management
Andy Taylor, Founder & CEO

Description
Douugh is on a mission to democratize banking, developing a bank account with a brain designed to help its clients live financially healthier. Douugh provides a series of intelligent offerings through an incredibly crafted, intuitive, and seamless mobile banking app. From the minutest to the prime banking tasks that users adopt in their day-to-day lives, this app can help enhance financial decisions through its Spending Management feature. Using this, they can track the spending easily and get clearer visibility and access to vital financial information through the concise dashboard of the app

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