French bank Crédit Mutuel Arkéa has chosen Moneythor’s analytical engine to be at the heart of “Max”, a personal finance assistant app for its new start-up Nouvelle Vague.

Max is a mobile-only initiative of Nouvelle Vague, which operates in several cities in France (Paris, Bordeaux, Brest, Rennes etc). It will be available on 1 September this year and according to Max’s website is free. It lets users track purchases in real-time on their mobile.

Didier Ardouin, CEO of Max, says its services are “built with the integration of proven fintech products and Moneythor allows us to deliver an unmatched level of agility and accuracy in recommendations”.

Through analysis and classification of users’ financial data, Moneythor says its analytical engine gives users insights to improve their finances.

Last month, and in a separate deal, micro-investing service Acorns Australia selected Moneythor’s machine-learning solution to help it analyse customers’ spending patterns and offer insights into savings.

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