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HSBC is piloting an app to see how its customers respond to being monitored over their spending habits.

Known as "nudge banking" it claims to help you save money by alerting you to certain behaviours which could include your most expensive day of the week or how your savings compare to other people of your age and income.

Do customers want to be reminded of their spending habits? Head of HSBC's retail banking, Francesca McDonagh, said "Research has found that 68% of those who abandoned their good intentions to save said that some encouragement would have helped them to stay on track."

This clip is from Wake Up To Money Tuesday 19 January 2016.