Startups - Varo Money uses AI to Improve Customers Financial Health - Reskilling IT

Varo Money, a fintech startup, is using AI (machine learning) along with mobile banking to improve customers' financial health. It recently raised $45 million from a private equity giant, Warburg Pincus and The Rise Fund, a global impact fund. The following are some of the features of Varo Money product which looks to have been created using machine learning algorithms/techniques. Given the fact that customers use mobile for all practical purposes and the information required for Varo Money AI products could easily be accessed from mobile device given the usage of mobile phones/tablets, it may not be difficult to comprehend why Varo Money is combining machine learning with mobile banking for offering their banking products to their customers. Did you find this article useful?