UOB launches digital finance management service

Customers can track the state of their finances, chase refunds, and monitor subscriptions.

United Overseas Bank (UOB) has launched Mighty Insights, an artificial intelligence (AI)-based predictive analysis tool for digital finance management , according to a press release.

Mighty Insights uses advanced data analytics, machine learning and pattern recognition algorithms to guide its customers in different life stages, taking into account their varied financial needs and lifestyle priorities. The digital service is driven by the same digital capabilities used by TMRW, ASEAN’s first digital bank, as well as UOB’s proprietary AI-driven predictive analytics engine.

Mighty Insights’ will reportedly allow customers to track duplicate charges, refunds, subscriptions and their account balance.

"Instead of having to call the bank or to go down to the branch, our customers can rely on Mighty Insights’ daily prompts to track their finances,” said Aaron Chiew, head of digital and mobile, group retail, UOB.