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How Banks Use AI

RBC Delivers AI-powered Automated Savings & Guidance

AI-powered automation offers personalized, effortless savings

If your bank doesn’t use AI to automatically find and save money for you, then you should be talking to someone at RBC, the squirrel bank.

Based on predictive analysis of individual behavior and spending patterns, NOMI Find & Save™ provides an effortless way to maximize savings while ensuring that sufficient funds are available to cover future expenses.

NOMI Find & Save™ puts artificial intelligence, machine learning and, yes, algorithms, to work to help customers save more money than they ever thought they could.

Personalized insight and advice for day-to-day money management

Embedded in the RBC mobile application, NOMI Insights™ provide personalized, timely and relevant tips to help customers stay on top of their day-to-day finances:

  • Predict potential issues and prompts for action (e.g., future balance may be too low)
  • Identify opportunities to get ahead – reduce unnecessary spend, eliminate fees, optimize savings…
  • Highlight unusual transactions which may require action
  • Automatically issue reminders based on past activity

Click here to see the RBC NOMI announcement. 

Want to explore how your bank can harness the power of AI to increase deposits and drive business impact