Like many other Fintechs, Harvest will use Artificial Intelligence (AI) and Machine Learning (ML) algorithms to provide clients with a dynamic view of their financial profile This should help people creating their financial wellness plans This will also help them make informed decisions throughout the life of any loan they decide to take out
Harvest’s PRO Index (PariFi Rating & Opportunity Index) takes into account many different factors as well as a client’s credit rating so that individuals and businesses are able to make better assessments and better decisions related to the management of their finances
The Harvest Index uses advanced AI and machine learning algorithms to create a holistic or detailed financial plan for each client based on their credit rating, income level and spending habits The AI is able to automatically negotiate or settle bank charges and interest charges The software can also manage and identify recurring payments
The platform has been designed to provide a central picture of a client’s entire financial profile It provides an easy-to-read summary of their different assets, debts and expenses in one convenient place It includes metrics to be taken so that they can take the necessary actions to improve the financial wellness plan Clients who start using the Index can access special tools that help to automatically obtain reimbursements of bank charges and various expenses of Interest Users can also better manage their debt and analyze their daily or monthly expenses
Harvest also offers the ability to pay as a service (A2PaaS), This option allows users to access real-time transactional data It also offers an overview of a client’s financial situation This feature allows lenders identify pre-arrears customers much faster than traditional methods and also improves collection
“Consumers are facing a period of unprecedented insecurity about their finances and the future We are now launching the PRO index to help them truly understand their benchmark We hope this index and our platform will enable the majority to take control and secure their hard earned money »
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Finance, Financial Technology
World News – GB – Fintech Harvest to Deliver Financial Wellbeing Reporting Enhanced by AI and Machine Learning
SOURCE: https://www.w24news.com
