Metro Bank has announced the launch of'Business Insights' – its artificial intelligence-led, in-app account insights tool for business customers. By generating smart tips and alerts for customers who opt-in to the service, Business Insights will enable businesses to make more data-driven decisions and help them manage their cash flow and forthcoming payment obligations better. Insights include end-of-month cash flow analysis, notifications when latest payments to service providers are higher or lower than normal, and notifications about upcoming scheduled payments. Just the sort of helpful insights SMEs need to better manage their business. The development comes as part of Metro Bank's efforts to inject much needed competition into the small business banking market following the £120 million funding it was awarded from the Capability & Innovation Fund.

Metro Bank has announced the launch of'Business Insights' – its artificial intelligence-led, in-app account insights tool for business customers. By generating smart tips and alerts for customers who opt-in to the service, Business Insights will enable businesses to make more data-driven decisions and help them manage their cash flow and forthcoming payment obligations better. Insights include end-of-month cash flow analysis, notifications when latest payments to service providers are higher or lower than normal, and notifications about upcoming scheduled payments. Just the sort of helpful insights SMEs need to better manage their business. The development comes as part of Metro Bank's efforts to inject much needed competition into the small business banking market following the £120 million funding it was awarded from the Capability & Innovation Fund.

Metro Bank, which was London's first new high street bank in over 100 years when it opened in 2010, has launched an artificial intelligence (AI) tool to help customer with their money. "It's a feature to help customers better manage their finances," said Parminder Mann, lead mobile product manager at the bank. It lets users create categories to analyze their spending." Metro Bank has big inviting windows like a high street retailer. The opt-in tool applies predictive analytics to users' spending patterns, which is then translated into tailored prompts. It can generate alerts that anticipate customers spending and it provides a breakdown of where their money goes each month.

Branch-based challenger Metro bank is stepping up its digital game with the forthcoming launch of an AI-powered money management service, Insights, developed with Personetics.