Business Wire
Bloom brings users’ full financial picture into one place right at their fingertips, acting as an AI powered financial concierge that gives meaningful insights and helps build credit through rent reporting
Spring Financial, a Canadian financial technology company simplifying the lending process for everyday Canadians, announces the launch of Bloom, an AI-driven financial concierge mobile app for everyday Canadians. Bloom redefines financial management by harnessing Artificial Intelligence to make banking, spending and budgeting completely transparent and exceedingly easy.
“Bloom uses industry-leading technology to offer users customized financial insights across all of their accounts, right at their fingertips. And with OscarAI, users can have their financial questions answered in seconds.”
At the core of Bloom is Oscar AI, an intelligent financial assistant that is ready to answer any question users have about their finances. Users can ask Oscar how much they spent on Uber last month, how much they’re spending on subscription services, and even compare their spending habits to average spending behaviours on any given item.
Catch more Fintech Insights : Global Fintech Interview with David Caruso, Vice President of Financial Crime Compliance at WorkFusion
“The last few years have been a challenging financial environment for so many Canadians. Finances are becoming more complicated and there has been very little innovation helping Canadians see their full financial picture in one place. That is why we developed Bloom,” says Tyler Thielmann, President and CEO of Spring Financial. “Bloom uses industry-leading technology to offer users customized financial insights across all of their accounts, right at their fingertips. And with OscarAI, users can have their financial questions answered in seconds.”
Real-time access to financial insights enables users to make smart financial decisions that are customized to their spending patterns. From automatically categorizing transactions to building credit for Canadian renters through rent reporting, Bloom empowers users with the tools and knowledge they need to take control of their finances.
Bloom integrates seamlessly with all major financial institutions, allowing users to consolidate their accounts, including bank accounts, credit cards, and savings into one single feed and centralized hub.
Key Features of Bloom:
- Oscar AI: The first fintech AI tool in Canada that enables users to ask questions specific to their financial situation and receive real-time, personalized insights and smart suggestions that simplify financial planning, helping users reach their financial goals.
- Rent Reporting: Through the app, Canadian renters can report rent payments directly to the credit bureaus, helping build a credit history and improve financial opportunities.
- Auto-Categorization: Proprietary algorithms sort transactions from all financial institutions into easy-to-understand categories, giving users an immediate view of where their money is going without having to organize their spending habits manually.
- Advanced Budgeting: Users can set overall or category-specific spending limits to align their budget with their goals.
- Subscription and Recurring Payment Tracking: Users can see all subscriptions across accounts in one easy-to-use subscription feed, giving them real-time insights into recurring spending.
Bloom is an AI-driven financial concierge app for everyday Canadians. Combining user information from all financial institutions, Bloom is designed to make banking, spending and budgeting completely transparent and exceedingly easy. Using proprietary AI technology, Bloom empowers Canadians to make smart financial decisions by providing real-time access to a user’s full financial picture at the convenience of their fingertips. Bloom offers credit-building rent reporting, financial tracking, and budgeting tools to enable Canadians to take control of their financial futures.
Read More on Fintech : Global FinTech Series Interview with Trent Sorbe, Chief Payments Officer at First International Bank and Trust (FIBT)
[To share your insights with us, please write to psen@itechseries.com ]
