Nova Money is another artificial intelligence (AI) firm that has entered the financial services sector. The company is offering a service that leverages AI to forecast an individual’s future financial situation to help people make better decisions. The company also plans to raise capital online in a securities offering on Seedrs.
Available both on the Apple App Store and Google Play, Nova Money contrasts itself to the past when individuals would craft a budget to help with the future to today, where forecasting the future utilizing AL may help users to avoid financial mistakes.
Aiming to provide tech currently available for the 1% to the 99%, Nova Money says forecasting can help you anticipate the future by connecting to your accounts and evaluating transactions. With this information, Nova Money can help you establish a plan going forward. To quote their website:
“The idea is to create a forecasting scenario to look at how a decision will affect the future, then decide to go ahead or not.”
Users can see how a decision may impact future outcomes by creating different “scenarios.”
Nova Money currently offers a tiered service or a freemium model with the first tiet available at no cost. Forecast Pro (£99/year) and Forecast Unlimited (£149/year) add more features, including human help.
The Seedrs funding round is not yet live, but Nova Money is accepting indications of interest, providing “priority access” to investors that submit their information.
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