8 Best AI Finance Tools in 2024
“Rule Number One: Never lose your money, and Rule Number Two: Never forget Rule №1.” This line is said by Warren Buffet, showing the importance of money management in this modern world. In today’s world, managing personal finances is quite complex, and if you fail to understand the workings of money, either you lose it or make it like a hit-and-trial game. However, AI has integrated into every part of our lives, from Excel to Word, and now is slowly integrating with Finance Apps or releasing new AI apps specially designed for managing finance and money. These AI tools offer intelligent solutions for budgeting, saving, investing, etc, making the process more efficient. In this article, we will explore some of the best AI tools to help you manage your finances efficiently.
What are the AI Finance tools?
Finance tools are applications that manage users’ finances by helping them invest, save taxes, track expenses, etc. With technological advancement, developers have integrated artificial intelligence(AI) and developed AI Finance tools. These tools are more intelligent than the old ones and can effectively manage finances. These AI tools help users get better insight and suggestions based on a large dataset, automate tasks, and manage their finances. These tools include Budgeting apps, expense tracker apps, credit monitoring apps, virtual assistants, etc.
Best AI Finance tools
1. Kudos
Kudos is an AI tool that helps users earn more points, receive cashback, and receive benefits. With more than 2 lac users, this app analyzes users’ credit cards. Whenever they shop on any website like Walmart, Petco, Ray-Ban, etc., this tool compares the prices and picks the card that gives them the most offers, cashback, and rewards. It also auto-fills all the essential details, so you do not need to carry all your cards. It has an auto-suggestion feature that suggests which card is perfect for users. Kudos offers robust security, such as SOC 2 and 256-bit encryption, which protects your data from being leaked and protects your money.
Price: Kudos is entirely free to use.
2. Monarch
Monarch is an AI tool that allows users to track account balances, transactions, and investments. Awarded as the best budgeting app by the Wall Street Journal, this app is an all-in-one money platform that can easily sync with all your accounts’ financial data and keeps them in sync. It smartly analyzes your transactions and designs a table of your expenses with categories and tags. Users can also track their financial goals with their custom dashboard and a monthly report. Monarch protects the data with bank-level security and provides a better experience to users with no ads.
Price: Monarch offers a 7-day free trial after that, it offers a plan of $14.99/month and $99.99/ year.
3. Uptrends.ai
Uptrends.ai is an AI tool that offers real-time stock market news and analysis. This tool uses machine learning to combine real-time news and social media data and provide an overall stock market analysis. It uses the advanced algorithms of machine learning to scan the internet and find the most trending news and stocks. It also sorts the stocks depending on the number of mentions on the internet. It also tracks the users’ sentiment over any stock and helps them find the stock worth investing in. Users can also personalize their list of companies, and Uptrends will send them alerts and notifications depending on the news moving on the internet. Uptrends.ai also summarizes the news and sorts it based on earnings, lawsuits, mergers, etc.
Price: Uptrends offers a free plan with limited features, and two paid plans cost $15/month and $49/month.
4. Stocknews AI
Stocknews AI is an AI tool that helps users stay updated with all the latest stock market news. It leverages machine learning to identify and highlight articles that can impact the market. It picks the news from over 100+ trusted sources such as TheStreet, Yahoo Finance, Morning Star, etc., providing users with the correct information.
Price: Stocknews AI is entirely free to use.
5. Parthean AI
Parthean AI is a financial coaching app that provides personalized and quick answers to your financial problems. It helps users automate all of their bank accounts with AI. It offers real-time insights into the user’s spending, shopping, and investments and makes a summary of their expenses daily. Users can quickly transfer money from one account to another with a single click. With the help of AI algorithms, it help the users maintain their credit score and helps the users to get the maximum points. Not only this, but Partheran also provides a financial AI assistant to users to help them get answers to their economic problems and design personalized plans to reach their desired financial goals. For security, this AI tool offers bank-level security and processes all the data in an anonymized form. They recently introduced a “Fun Saving” feature, which helps users save money by completing fitness tasks and rounding up bills before payment.
Price: Parthean AI offers a membership plan of $14.99/Month or $119.99/Year with unlimited accounts and automation.
6. Dispute AI
Dispute AI is an artificial intelligence DIY(Do-it-Yourself) Credit Repair software designed to to improve the personal credit of the customers by assisting them. It fixes the users’ credit cards by repairing all three credit bureaus (TransUnion, Equifax, and Experian) and quickly and easily increases their credit score. It automatically imports and analyzes users’ 3 bureau credit reports, searches for negative accounts, and designs an aggressive dispute strategy. AI helps users create proper disputes and get rid of them. Dispute AI tracks all user disputes and sends a monthly report with a new credit score. This allows the users to keep updated by the process monthly. It also provides coaching tutorials and credit experts to help users.
Price: Dispute AI is entirely free to use. Users only need to pay for a 3-credit bureau subscription and postage for the user’s dispute letters.
8. FlowCog
FlowCog is an AI finance tool for startups and businesses. It analyzes the company’s financial records and data and helps the business visualize its finances better. It offers a simple canvas that takes the messy data from QuickBooks, Xero, or Puzzle data and maps it in the canvas to help you visualize it better. It also generates beautiful charts for the board and pitch calls. FlowCog crate and compare the what-if scenarios of the business that would help the business make a better decision. For security, FlowCog doesn’t store any of the users’ data or disclose it to any third party.
Price: FlowCog has 2 paid plans: one is Pro, which costs $47.20/month, and the other is Business Plan, which costs $63.20/month.
Best AI Finance Tools: Conclusion
Integrating AI into financial management tools has changed how individuals and businesses handle their finances. These AI-powered applications offer intelligent solutions for budgeting, expense tracking, investment research, credit repair, and more. From personal finance assistants like Monarch and Parthean AI to stock market analysis tools like Uptrends.ai and Pluto.fi, these AI tools provide users with data-driven insights, personalized advice, and automated financial management. However, it’s important to remember that while AI can provide valuable assistance, it should complement rather than replace human judgment in financial decision-making.
