The financial and banking industry is one of the largest beneficiaries of artificial intelligence technology. Artificial Intelligence (AI) is firmly established in finance and banking, from chatbots to cognitive computing, machine learning, and personal financial assistants. With the growing popularity of technology, more banks and other financial companies are turning their attention to artificial intelligence.
This paves the way for AI to set new standards on how to make personal finance management easier by building AI-based personal finance assistants. In this article, we’ll focus on what makes AI apps suitable for finance management apps. Let’s start by discussing the current state of the personal-finance assistant industry.