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.
If you're interested in staying informed about our vision for the Envestnet | Yodlee Artificial Intelligence FinCheck app, please complete the form.
2017-05-04 12:00:002017-05-04 18:00:00Europe/LondonStar Wars Day PartyMay the force be with youTatooineLuke Skywalker[email protected]
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Key Benefits Include:
Financial health scoring is AI driven, derived from Envestnet | Yodlee’s massive data network
Financial wellness recommendations are simple, actionable, and prioritized
User finances are tracked across four categories – Spend, Save, Borrow, and Plan – with two indicators per category
Peer benchmarks from similar customers highlight where user behavior differs and how users can take action
Financial scores correlate with traffic light colors, so it’s easy to see when users need to take action
Consumer transaction data can be leveraged to provide insight into specific areas where users can decrease spending and offer recommendations for doing so
Key financial health indicators and scoring aligns with industry-standard measurements created by CFSI
Personalized insights change as users change their behavior
A 5-star overall rating shows how consumers are doing overall
Financial advisors can identify areas needing improvement and collaborate with clients on specific steps