The Challenge
Clients needed help saving and investing spare cash and staying on budget.
The AI Solution
"NOMI" AI insights in RBC's mobile app that analyze accounts and spending to give personalized nudges (e.g. suggesting moving spare funds to savings, auto-budgeting, cashflow forecasting).
Type of AI Used: Machine Learning for personalization
Results & Impact
By 2024, NOMI helped users improve financial habits – RBC reports NOMI's personalized alerts have led to higher savings rates and boosted customer financial confidence.
