AI Use Case
Automate personal finance management such as sending loan payments automatically
Automate personal finance management (e.g. loan repayments by personal agents). This might be a consumer-downloadable app that syncs with their banking products to support achievement of personal financial goals. This might include automating savings for consumer by forecasting wallet availability based on customer spending habits and preferences. A typical use case deployment is a "rounding up" function on a digital payment - so a $3.63 payment triggers a round up to $4.00, automatically depositing 37 cents in a specified savings account.
Function
Benefits
Revenue - Customer experience
Case Studies
EarnUp~EarnUp automates loan repayments by analysing customer needs and spending patterns using machine learning,Mylo~Mylo's app users can round up their purchases to the nearest dollar to save or invest the spare change triggered by predictive software
Potential Vendors
Industry
Financial Services
Banking
Data Sets
Structured / Semi-structured
AI Technologies
ML Task - Prediction - Regression,Machine Learning (ML),Traditional AI