Arnaldo Rodgers is an educated Psychologist and works as a Elementary grade teacher and counselor. He is also editor of Veterans News Now and reports on all issues related to U.S. Veterans.

He is dedicated to excellence and making sure all Veterans get the news they need to make sure their lives are of the highest standards possible.

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Artificial intelligence is quickly rolling into your personal finances

New apps are emerging that nudge you toward better money habits, but are they useful?


Artificial intelligence has rapidly become an integral part of wealth management, so that computers and algorithms analyze massive amounts of financial data to spit out stock recommendations and other types of advice. Yet it’s taken a bit longer to figure out a way to apply this technology to consumers’ day-to-day spending and saving habits.

But over the past year there’s been an explosion in the number of artificially intelligent personal finance chatbots, suggesting that we’re entering a new phase of digital assistance. Some of these digital assistants have human names like Olivia and Abe, while others go for succinct monosyllables like Plum and Trim. Financial institutions have started rolling out their own apps, too, like Bank of America’s Erica that’s purported to help customers make smarter financial decisions. This year MasterCard is releasing Kai that will respond to verbal or texted questions about credit card transactions.

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