Personetics Technologies

Personetics Technologies is a FinTech software company headquartered in Tel Aviv, Israel, with additional offices in New York, London and Singapore.[1] The company utilizes artificial intelligence to analyze customer transaction data in real-time and uses this analysis to deliver personalized financial management information.[2][3][4][5] The solutions are used by banks worldwide, including six of the top 12 banks in North America and Europe.[6]

Personetics Technologies
TypePrivate
IndustryFinTech
Founded2011
FoundersDavid Sosna
David Govrin
Headquarters
Tel Aviv, Israel
Area served
Worldwide
Websitepersonetics.com

History

Personetics was founded in 2011 by David Sosna and David Govrin.[7] In 2014, the company was named a Cool Vendor by Gartner.[8] In 2015 the company appeared on KPMG’s Fintech100, a list of the most innovative companies worldwide.[9] In 2016, it was part of the Fintech 50 list published by FinTechCity.[10]

Products

The Personetics "Self-Driving Finance" platform comprises three products: Act, Engage, and Assist. "Act" is an automated, algorithmic-based money management solution. It allows bank customers to define their financial goals, then suggests the optimal way to achieve these goals.[11] "Engage" provides bank customers with personalized financial guidance, incorporating predictive insights and advice. "Assist" is an AI-driven chatbot, combining conversational AI capabilities, domain specific machine learning based advisory services, and knowledge of consumer banking and finance industries.[12]

Partners

Personetics solutions are white-labeled by several of the world’s largest banks to provide personalized self-driving finance capabilities to the bank customers through their web and mobile apps. In September 2017, Personetics and the Royal Bank of Canada announced two new financial guidance services, NOMI Insights and NOMI Find & Save, delivered through the bank's mobile app.[13][14] In 2018, Wells Fargo confirmed its new mobile Predictive Banking capabilities are powered by Personetics.[15] Also in the same year, UK challenger banks Metro Bank and Tandem have launched Self-Driving Finance capabilities based on Personetics’ solutions.[16][17]

Additional confirmed Personetics bank partners also include AXA Bank,[18] BNP Paribas,[19] Banca Transilvania,[20] Israel Discount Bank,[21] First International Bank of Israel,[22] and United Overseas Bank (UOB).[23]

References
  1. "היי-טק בעיצוב תעשייתי: הצצה למשרדים של חברת Personetics". גיקטיים (in Hebrew). Geektime. 30 May 2016. Retrieved 16 January 2019.
  2. Cocheo, Steve. "Applying human intelligence to AI -". Banking Exchange. Retrieved 16 January 2019.
  3. "28 Ways to Save Your Way to $1 Million". Time. Retrieved 16 January 2019.
  4. Toplin, Jaime. "AI and security were among the top trends discussed at Money20/20". Business Insider. Retrieved 16 January 2019.
  5. "You Need a Better Bank Right Now". Money. Retrieved 16 January 2019.
  6. Penn, David (23 July 2018). "Personetics Scores Minority Stake Investment from United Overseas Bank". Finovate. Retrieved 16 January 2019.
  7. "Company Overview of Personetics Technologies Ltd". Bloomberg Businessweek. Retrieved 16 January 2019.
  8. "Cool Vendors in CRM Customer Service, 2014". www.gartner.com. Retrieved 16 January 2019.
  9. "FinTech 100 leading innovators (2015)" (PDF). KPMG. Retrieved 16 January 2019.
  10. "The FinTech 50 | Personetics". The FinTech 50. Retrieved 16 January 2019.
  11. Penn, David (23 June 2017). "With AI and Automation, Personetics Act Turns Banking Apps into Financial Wellness Apps". Finovate. Retrieved 16 January 2019.
  12. "Five Providers of Conversational AI Software Platforms Named IDC Innovators". www.businesswire.com. 2 July 2018. Retrieved 16 January 2019.
  13. "These Banks Are Using AI To Help Their Customers Manage Their Finances". Forbes. Retrieved 16 January 2019.
  14. Bruckenstein, Joel (23 October 2017). "Royal Bank of Canada Leveraging Artificial Intelligence for Personal Finance". t3 Technology Hub. Retrieved 16 January 2019.
  15. Dixon, Amanda. "Banking Made Easy With Predictive Analytics". Bankrate. Retrieved 16 January 2019.
  16. "Insights AI-based money management tool launched by Metro Bank". Compelo Banking. 12 October 2018. Retrieved 16 January 2019.
  17. "Personetics AI fuels Tandem's digital insights". FinTech Futures. Retrieved 16 January 2019.
  18. "AXA Banque veut renforcer la fidélité de ses clients" (in French). Les Échos. Retrieved 16 January 2019.
  19. "The era of cognitive banking is here". BNP Paribas. Retrieved 16 January 2019.
  20. "Personetics Brings Cognitive Banking to Romania's Banca Transilvania". Finovate. 20 March 2018. Retrieved 16 January 2019.
  21. "Israel Discount Bank gets AI energetic with Personetics". FinTech Futures. Retrieved 16 January 2019.
  22. "First International Bank of Israel deploys Personetics personalised guidance analytics". Finextra Research. 21 October 2014. Retrieved 16 January 2019.
  23. Lee, Jamie (12 November 2018). "UOB powers growth with data". The Business Times. Retrieved 16 January 2019.
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