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AI FinCheck App: Our Vision for Driving Financial Health with Artificial Intelligence.
At a time when consumer financial anxiety is at an all-time high, you can help lower your customers’ stress by providing them with an artificially intelligent tool that enables them to be truly proactive about their finances. While many tools provide generalized advice, only the Envestnet | Yodlee AI FinCheck app enables banks and wealth management firms to deliver specific, personalized insights that are dynamically updated for their customers.
The AI FinCheck app tracks and scores customers’ finances in four key areas – planning, spending, saving, and borrowing. The app indicators are based upon the Center for Financial Services Innovation (CFSI) industry-standard framework of financial health. Leveraging Envestnet | Yodlee’s massive data network as well as its expertise in artificial intelligence and predictive analytics, AI FinCheck app compares customers to their relevant peer group in order to deliver a scoring model with specific recommendations that are personalized for each user. Financial health scores change as customers’ behavior changes, giving financial institutions and advisors the up-to-date information they need to measure, guide, and improve consumers’ financial health.
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