RBC adds AI-powered budgeting feature to mobile app

  • “Toronto-based Royal Bank of Canada (RBC) has launched a consumer-facing app that uses artificial intelligence (AI) to analyze spending habits and make budgeting recommendations, the bank announced Thursday.
  • Based on data collected through the RBC mobile app’s NOMI Insights feature, NOMI Budgets makes personalized monthly budget recommendations in five areas: entertainment, shopping, cash withdrawals, transportation and dining, the bank said. It sends push notifications when a customer has reached 50%, 75% and 100% of her budget.”


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