Commonwealth Bank of Australia (CBA) has launched the latest version of its mobile app with new features to offer customised services.

The Australian lender launched the revamped offering, dubbed CommBank app 4.0, following its trials.

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Commonwealth Bank group executive of retail banking services Angus Sullivan said that the latest version is developed utilising machine learning technology, deep data analytics and behavioural science to offer highly personalised services.

He added: “This year the CommBank app will send over three billion personalised messages to customers using 157 billion data points and 200 advanced machine learning models through our innovative customer engagement engine.

“This is designed to give our 5.6 million app users greater control and visibility of their cash flow, including real-time insights into their spending behaviour, to help them achieve their goals and improve their financial wellbeing.”

The upgraded CBA app features Smart Alerts to notify the user on pending credit card payments and high-end transactions.

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It also features Goal Tracker to enable customers set personalised savings goals and Spend Tracker to provide better overview of spending habits.

Furthermore, it includes various new features such as Benefit Finder and Cash Flow View, among others.

The launch of the revamped CBA app comes at a time when digital banking in Australia is set to grow further.

According to CBA, daily app logons have touched 6.2 million with digital transactions accounting 63% of total transactions by value.