Starling Bank, one of the digital challenger banks in the United Kingdom, has launched a new tool powered by AI that will answer questions about your spending habits. You can now easily discover how much you spent on Amazon in a particular month, how much money you have wasted in fast food stores in the past year, or how much money you received during a special period.
The Starling AI tool, or improved search as the bank calls it, is an opt-in function that allows an invitation where you can ask questions about your expense habits. The tool, built with Google Gemini, even suggests prompts that are personalized for your expenditure models.
Transactions are listed by the retailer and are automatically sorted in more than 50 customizable categories, such as bills, transport and grocery store. This allows you to easily see how much you spent in a particular retailer over a period of time, or how much you have spent in categories like eating outside. I checked to see how much I spent for McDonald’s in the past year, and let’s say that I am out of Big Mac in the predictable future.
You will be presented with a graph and analyzes on your expense habits, as well as ventilation of individual payments to retailers in a particular category. It helps to solve the problem of the possibility of following your payments to retailers in banking applications, but not being able to easily handle this data and really understand your finances.
“We think that everyone and everyone can be” good with money “, so we have designed this functionality so that people can engage with their finances in a way that seems natural,” explains Harriet Rees, CIO of Starling Bank. “The more you speak or type, the more you will learn about your money management.”
Starling is one of the few major digital banks in the United Kingdom that adopted a mobile approach to try to shake off the banking services in Great Britain. Starling now has 4.6 million customer accounts, competition with Monzo Over 12 million Customers and Revolut Over 10 million. The three are still far before traditional banks in digital features, including virtual debit cards, the possibility of following expenditure habits and real -time transactions.
