Harnessing AI to Make Your Boring Bank Statements Useful

Old-school financial institutions are typically slow-moving giants. And that's a shame, because banks also tend to accumulate deep troves of data on their customers that goes mostly untapped. Your usual recourse would probably involve a lot of digging through bank statements and bank website pages, or endless hours on the phone with a customer service rep. But as of late, a swell of banking startups are seeking to change this. They take all that undifferentiated data tucked into your bank statements, and then, harnessing artificial intelligence, transform and organize it into helpful information that people can actually understand--and act on.