Today, Dutch neobank bunq launched its generative AI platform Finn.
Essentially, according to bunq, enabling users to live the life they want.
This allows for answers that are far more complex than a typical search query.
Finn can actually give meaning to all of the data that you have generated by doing your transactions.
So you might ask cool stuff like, hey, whats my favourite restaurant nearby?
Will legacy banks launch their own AI chatbots in response?
Two years later, thefintechstartup became the first bank to get a European banking licence in 35 years.
It reached unicorn status in 2021, and is the second largest neobank in Europe.
Could the release of Finn spark a similar rush of GenAI functions for the big banks?
So maybe, I wouldnt be surprised if we get something in several months.
But I would be very surprised if we get anything useful in the upcoming years, he adds.
We were working with AI a long time before we added machine learning models, Niknam says.
So were way ahead of this stuff.
And were reaping the results of that.
How Finn got its name?
Why, bunq asked ChatGPT what should we call our apps personal finance copilot, of course.
The company also launched several new features at its yearly update event.
Story byLinnea Ahlgren
Linnea is the senior editor at TNW, having joined in April 2023.
Dabbles in gaming and fitness wearables.
But first, coffee.
