Kasisto, a subsidiary of SRI International (the maker of Siri), is hoping their conversational AI bots will be the 'Ask Me Anything' of the finance world. The company recently added two new personal finance chat bots: KAI and MyKAI. These additions follow chatbot finance app Abe and millennial money-managing app Penny in this area.
KAI is described as "a conversational AI platform that's actually intelligent," that uses industry-specific knowledge with a multi-channel reach so you can access the technology on mobile devices, messaging platforms and wearables. The virtual assistant and chat bot mix takes on banking with MyKAI, which is designed to help users manage funds, track expenses, make payments and more. It also works from a variety of messenger apps, including Facebook Messenger, Slack or SMS texting.
Key Themes Behind This Trend
- Conversational AI
- Opportunity for disruptive innovation: Developing advanced conversational AI platforms that can be accessed through various channels, such as mobile devices, messaging platforms, and wearables.
- Personal Finance Bots
- Opportunity for disruptive innovation: Creating intelligent personal finance chat bots that offer users convenient and efficient ways to manage funds, track expenses, and make payments.
- Messenger Apps for Finance
- Opportunity for disruptive innovation: Building innovative messenger apps that integrate banking functionalities, providing users with seamless banking experiences through popular platforms like Facebook Messenger, Slack, or SMS texting.
Where This Applies
- Artificial Intelligence
- Opportunity for disruptive innovation: Exploring new advancements in AI technology to develop conversational AI platforms for various industries, including finance.
- Banking and Financial Services
- Opportunity for disruptive innovation: Transforming traditional banking services by incorporating personal finance bots and AI-powered technologies to offer customers more convenient and personalized financial management solutions.
- Mobile and Messaging Apps
- Opportunity for disruptive innovation: Creating innovative mobile and messaging apps that seamlessly integrate with financial services, enabling users to access banking functionalities and manage their finances on popular messenger platforms.
