Royal Bank of Canada (RBC) has piloted two digital services powered by artificial intelligence (AI) technology.
The services, ‘NOMI Insights’ and ‘NOMI Find and Save,’ are expected to be fully launched by the end of 2017.
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NOMI Insights has been designed to help clients manage everyday finances by helping them track their spending, plan for upcoming expenses, let them know if their regular monthly payment is more than usual, as well as flagging when monthly spending in a certain category is unusual.
NOMI Find & Save utilises predictive technology to track clients’ cash flow surplus and transfer that money into savings automatically.
RBC group head of personal and commercial banking Neil McLaughlin said: “Simple solutions like NOMI Insights and NOMI Find & Save will provide value in a seamless way, when, how and where it’s most convenient for our clients.
“NOMI Insights and NOMI Find & Save are always thinking a few steps ahead to help ensure our clients’ finances are in order.”
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By GlobalData
