The two companies are working with Vodeno to help deliver the concept with its VODENO Cloud Platform, a cloud-based banking platform.
According to the official press release, using APIs from Open Banking, social media, online spending and location services to apply insights from customers’ data, past and present, BOTF automatically takes the best course of action for the customer, becoming a transparent and invisible financial companion.
Customers can allow many day-to-day banking decisions to be taken automatically by their bank, based on real-time and historic behaviour, while still manually approving larger decisions and transactions.
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