Is Artificial Intelligence the Way Forward for Personal Finance?
Humans must resign to the fact that the human brain, at times, is not wired to always make the best decisions. Personal financial management-related start-up Wallet.AI knows this, and could offer us a little guidance. By looking beyond the simple transaction info that the subscriber provides, it mines insights more relevant to the particular user based on his spending or saving pattern.
Wallet.AI employs “contextual awareness", or the idea that you can build ‘context’ based on circumstances during the transaction (just like how mobile search software senses your GPS location from your phone sensors and filters the results to only those within walking distance of you). Through behavioral analysis, it learns what impacts our spending and our ability, or the lack of it, to make sound financial decisions. Read entire article here>