Ernest.ai: Time has come for Intelligent Bank Accounts

The Team behind Ernest is building technology that can play its part in helping all progress to the next era of AI enhanced human lifestyle.

We are excited about the business and transformation that will come from Artificial Intelligence being deployed to help the masses with personal finances.

Artificial Intelligence and Machine Learning

We have seen throughout the years that in all games, repetitive or dangerous tasks machines are superior to humans.

This is a massive boost for our potential to focus on what we master and “outsource” what effectively humans are poorly engineered to perform at the highest performance levels possible.

Examples:
AlphaGo Vs Go Grand Master /Deep Blue Vs Kasparov (AlphaGo DeepBlue)
Self Driving cars (Google /Tesla)
Financial investments (MoneyFarm / Futureadvisor / FT analysis)
Surgeries (Robot beats human in surgery)
Farming (Robot farmer)

Robots are a force for GOOD

The evolution is not an exhortation for us humans to “admit defeat” and sadly retreat.

Instead, it is time for us to rejoice that humanity will gradually dedicate its intellectual power to higher items that will help us progress even further.

Humans will not only focus on more rewarding items but we will be finding these more rewarding and therefore lead happier lives. Dedicating our daily efforts towards making our children’s lives happier is something that fills us with energy every day.

One succinct way of looking at this is considering that the Stone Age did not end because we ran out of stones but rather we found new and better ways to lead our lives.

Robots are a new expression of the same phenomena.

Rise of the Chat Bots

Conversational Robots are another piece in this puzzle of human progress.

In the last 18 months the number of conversational robots has exploded from 11,000 to over 33,000 helping us with a huge variety of tasks from ordering flowers, to telling us jokes, the weather or what is in the cinemas.

Bots enhance our ability to interact with technology, because talking or typing is something we learn from children, basically ensuring everyone can access the service we intend to offer.

Global Fintech changes

The FinTech global phenomena sees a massive opportunity in modernising many inefficient areas within finance. Within this crossroads of hot topics (FinTech & ChatBots) we see a future in which bank accounts will be overlaid with beyond human intelligence to add value and progress beyond the status quo of banking as ‘dumb pipes’.

Conclusion

We see a positive and powerful future where irrespective of time, technical proficiency or numeracy levels, all of us will be able to ask questions to our bank account and expect immediate and correct answers based on our financial status.

We will communicate with our intelligent bank account

We believe this is the future and represents a massive opportunity for Team Ernest. If you believe we are onto something and would like to join our team or invest into this venture, please get in touch.