Cleo AI assistant explained: Know how it helps you manage finances more efficiently
Cleo AI assistant explained: Are you tired of overspending? Can’t figure out where your money is going? Don’t fret, we’ve all been there. There’s an AI assistant in town that claims to become your money coach and help you manage your finances better. Courtesy of the advancements in artificial intelligence (AI), there are loads of apps now that help you save money, manage finances, keep a check on spending patterns, and make profitable decisions. If you wish to get advice on sensible financial decisions, then check out Cleo – an AI assistant that helps manage your finances better.
Cleo: All about it
Cleo was developed by Barney Hussey-Yeo in 2016. It is a personal AI assistant that helps you make better decisions about money. It teaches you about money in layman’s terms, with the aim of helping you live beyond paycheck-to-paycheck means.
Users can sync Cleo with their bank accounts. With this, the AI assistant can help you keep track of your spending, build your credit history, and make a savings plan. It studies your transaction history and provides you with detailed information about your finances. Thus, it tells you when you’ve gone over budget on your grocery spending, and even alerts you about your bill payments.
Moreover, users can also apply for a cash advance. For this, the AI assistant will study your transaction history to determine your income and eligibility. You can use a wide variety of available tools like auto-save, round-up, swear jar, and set & forget.
Cleo comes with a subscription called ‘Cleo Plus’ that makes users eligible for a cash advance of up to $250, alongside other features like credit coaching and cash back. The Cleo Plus subscription costs $5.99 monthly.
Is it safe?
Cleo claims when you connect your bank account, it accesses your transaction history and data through an encrypted read-only mode. It claims to have world-class security practices and uses the same encryption as most banks. Since Cleo does not store banking credentials on the server, the chances of data getting breached are “impossible”, the platform says.
Courtesy of its features, Cleo claims banks hate it! The official website states, “Banks hate us because we’re helping people avoid overdraft fees – which is what makes them rich.”
Cleo supports up to 3000 providers in the US, including top banks such as Chase, Wells Fargo, Bank of America, Navy Federal Credit Union, PNC, Capitol One, and Chime Bank.
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Cleo AI assistant explained: Are you tired of overspending? Can’t figure out where your money is going? Don’t fret, we’ve all been there. There’s an AI assistant in town that claims to become your money coach and help you manage your finances better. Courtesy of the advancements in artificial intelligence (AI), there are loads of apps now that help you save money, manage finances, keep a check on spending patterns, and make profitable decisions. If you wish to get advice on sensible financial decisions, then check out Cleo – an AI assistant that helps manage your finances better.
Cleo: All about it
Cleo was developed by Barney Hussey-Yeo in 2016. It is a personal AI assistant that helps you make better decisions about money. It teaches you about money in layman’s terms, with the aim of helping you live beyond paycheck-to-paycheck means.
Users can sync Cleo with their bank accounts. With this, the AI assistant can help you keep track of your spending, build your credit history, and make a savings plan. It studies your transaction history and provides you with detailed information about your finances. Thus, it tells you when you’ve gone over budget on your grocery spending, and even alerts you about your bill payments.
Moreover, users can also apply for a cash advance. For this, the AI assistant will study your transaction history to determine your income and eligibility. You can use a wide variety of available tools like auto-save, round-up, swear jar, and set & forget.
Cleo comes with a subscription called ‘Cleo Plus’ that makes users eligible for a cash advance of up to $250, alongside other features like credit coaching and cash back. The Cleo Plus subscription costs $5.99 monthly.
Is it safe?
Cleo claims when you connect your bank account, it accesses your transaction history and data through an encrypted read-only mode. It claims to have world-class security practices and uses the same encryption as most banks. Since Cleo does not store banking credentials on the server, the chances of data getting breached are “impossible”, the platform says.
Courtesy of its features, Cleo claims banks hate it! The official website states, “Banks hate us because we’re helping people avoid overdraft fees – which is what makes them rich.”
Cleo supports up to 3000 providers in the US, including top banks such as Chase, Wells Fargo, Bank of America, Navy Federal Credit Union, PNC, Capitol One, and Chime Bank.
Also read other top stories today:
Worried AI will take your job? AI can’t replace the majority of jobs right now in cost-effective ways, says a study that sought to address fears about AI replacing humans in a swath of industries. Know what it really means here.
Towards A Safer AI! No technology since nuclear fission will shape our collective future quite like artificial intelligence, so it’s paramount AI systems are safe, secure, trustworthy and socially responsible. Dive in here.
Did AI Really Supercharge Microsoft? Was there a revolution? AI functionality, even really good AI functionality, is no silver bullet that can turn around an ailing product. Check out the reality here.
One more thing! We are now on WhatsApp Channels! Follow us there so you never miss any updates from the world of technology. To follow the HT Tech channel on WhatsApp, click here to join now!
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