Chatbots are a very prominent tool in today’s world. The technology is used to train humans’ communication skills. With the help of an AI chatbot such as Buffet, an innovative TalkBank service, one can now have an assessment of one’s finances in an instant, TalkBank says in its media release.
The TalkBank’s robot is named after Warren Buffett, an investor, entrepreneur and business tycoon. When people hear this name, they usually think of wealth and a personal wealth is a key to a better life. Yet some people are better at managing their budget compared to others who need someone to coach them about handling their finances and this is where Buffet the robot comes in to save the day.
Working within the TalkBank platform, Buffet has access to client activities. It applies artificial intelligence to analyze spending patterns and recommend ways to spend smarter and save more. One can choose to put money aside for a rainy day or specific goal. Buffett answers questions, gives recommendations and is available via VK, Telegram, Facebook, WhatsApp and Viber messengers thus allowing users to have instant access when inquiring about personal wealth management.
The service allows to calculate monthly income and expenses, costs at gas and service stations, analyze personal finances, plan a budget, set financial goals, get optimal travel insurance, stay updated on currency exchange rates and be reminded about deadlines of loan repayments.
As an AI software, Buffet is trainable hence the more a user interacts with it, the more the bot learns and improves its assistance capacities.
The financial advisor is available 24/7 and to activate it one merely needs to download the TalkBank program, open it in a messenger of one’s choice and submit a simple query.
TalkBank is Russia’s first virtual bank with no offices, call centers and mobile apps. It offers all kinds of banking services and operates through messengers. TalkBank got awards for Innovation and Technology at international startup contests such as Seedstars, SWIFT Innotribe and MoEx, won the Best Innovative Project award from Skolkovo Foundation and received a special prize from RBC news agency at The FinoPolis Fintech Forum organized by the Bank of Russia.