How to Build an AI-powered Financial Assistant App

Imagine access to an expert who knows your spending behavior, can tell you how to save money, how to increase capital and how to achieve your financial goals. And what if such an assistant is powered by artificial intelligence and can do all this right from your smartphone? Listen to this podcast and find the answers to the most common questions related to the development of a financial management application. The overview is based on the experience of MobiDev's experts. The article on this topic is available at: https://mobidev.biz/blog/how-to-build-an-ai-powered-financial-assistant-app00:22 MobiDev, a software development company00:40 Intro01:13 Personal Finance Market Status in 202201:52 What is Personal Financial Assistant02:42 Open banking standart03:24 Kinds of Personal Finance Apps04:33 Key features of Financial Assistance Apps05:09 The role of AI in Personal Finance Apps06:23 Biometric Authentication for data protection 07:34 NLP and NLU for Conversational AI09:34 Receipt recognition11:16 Users’ benefit of linking the app to bank account11:36 Open banking APIs14:52 Regulations to consider 16:15 EU AI Act17:16 ConclusionMobiDev is an international software engineering company with headquarters in US and UK and R&D centers in Poland and Ukraine. The company is focused on helping visionaries create their products. MobiDev invests in technology research and has years of experience building AI-powered solutions, and implementing machine learning, augmented reality, and IoT.