Reported by: banking|Updated: February 8, 2018
Standard Chartered Bank has identified Moneythor, a technology company providing financial institutions with a digital banking toolkit powered by artificial intelligence, to further advance personalization and engagement in its digital services. The company will deploy its products in the bank, initially to handle advanced client-facing transaction insights. The bank is about to roll out its chatbot service in the Hong Kong market. The bank said it will use the Moneythor technology to continue addressing its clients’ ever increasing digital expectations for personalized services, which improve their finances. The Moneythor solution will be used for transaction data classification and to deliver tailored recommendations, actionable insights as well as personal finance management features leveraging both its rules-based expert system capabilities and statistical algorithms.