(2017-09-08) How A Former Goldman Sachs Trader Is Hoping To Use Ai To Give You Financial Advice

How a former Goldman Sachs trader is hoping to use A.I. to give you financial advice

ound the financial technology company Pefin in 2011.

Pefin, which got its name from the contraction of "personal finance intelligence," is set to launch this fall.

At the core of Pefin's AI is a feed-forward neural network. According to Joseph, the network looks at different answers from consumers and offers various solutions as a response.

Pefin receives three months of your spending data, which helps the AI tailor its plan to your particular spending habits. Pefin also plans to send its customers content to educate them about finance.

Curently, the start-up is mostly self-funded by Joseph, in addition to a few private investors, as well as friends and family.