Revolut is getting ready to change the way people handle their money with the release of an AI-powered financial assistant that will change how users manage their money. This new service will use cutting-edge language models to help people make budgets, keep track of their spending, set savings goals, and even predict future costs. Revolut says that the assistant will be built into its app so that users can talk to their money in plain language instead of having to look through charts or spreadsheets.
Revolut wants to get rid of generic calculator bots and the jargon that often comes with banking apps by using language models that are specifically trained on financial data. The assistant will give users personalized advice, such as letting them know when their subscriptions are about to end or suggesting ways to save more money. This change fits in with a larger trend in financial services toward conversational AI, where customers want smarter help without having to leave their phones.
How the Assistant Works
We are working with the best AI labs to make sure that the AI financial guide is accurate and follows European data and consumer protection laws. People will be able to ask questions like “How can I make the most of my monthly budget based on what I’ve spent in the past?” or “When can I really afford to buy this expensive thing?” Revolut also plans to add predictive models that let customers know if they are likely to go over their planned spending limits or go into overdraft.
We care about our customers’ privacy. Interactions are encrypted from start to finish and processed on the user’s device whenever possible. There are also extra protections for anonymity in the backend. Revolut says that the assistant follows the company’s current data privacy rules and doesn’t use user data to train models again.
Why This Is Important Now
Big banks and fintechs are racing to provide conversational intelligence that feels less robotic and more human, which is changing the way money works. Revolut’s move shows that it wants to stay ahead of the competition, which includes Monzo and N26, both of which have added AI chat features. Analysts say that more fintechs will use this strategy to keep customers coming back and cut down on the need for human support teams.
In a world where living costs are going up and spending is getting more complicated, personal finance tools that use AI are becoming a must-have. FinTech Today’s most recent report says that people who get timely spending alerts save an average of ten percent more each month and feel better about their financial choices. Revolut has a lot of users around the This tool could help millions of people around the world learn to manage their money more effectively and make wiser financial choices.
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