Royal Bank of Canada pilots AI-powered finance guide
Royal Bank of Canada (RBC), with the help of Personetics Cognitive Banking’s applications, will deliver two new services this autumn that provide AI-powered financial guidance and an automated savings programme through the bank’s mobile app.
The development follows on from last month, when RBC unveiled these two digital services – called NOMI Insights and NOMI Find & Save.
Based on predictive analysis of individual behaviour and spending patterns, Personetics says its solutions enable RBC to provide clients with personalised insight and advice for day-to-day money management.
Examples of insights include identifying unusual transactions which may require action; automatically issuing reminders based on past activity; and predicting potential issues.
Personetics is headquartered in New York and was founded in 2011. It also has offices in London and Tel Aviv.