Plum develops personal savings assistant solutions for customers. It is an AI-powered Facebook chatbot that enables users to start saving small amounts of money. The chatbot connects current account and Plum’s AI learns user's spending habits, allowing it to automatically deposit small amounts of money into their Plum savings account every few days.
PRODUCTS & SERVICES:
AI powered personal savings assistant.
Plum's AI is a Facebook Messenger chatbot that allows its customers to save small amounts of money; the chatbot connects with a user’s bank account and identifies their spending habits following with customized messaging on savings deposits.
Plum: It monitors the daily spending and automatically sets money aside that the user won't need.
Plum is only available in the UK and currently works with NatWest, RBS, Santander, HSBC, Lloyds, Barclays, Metro Bank, First Direct, Halifax, Citibank, Nationwide, TSB, Bank of Scotland and the Co-Operative Bank. Recently, it partnered with RateSetter, a peer-to-peer lender in the UK which offers interest on savings to users.
Plum is billed as the first AI-powered Facebook chatbot that enables users to start saving small amounts of money effortlessly. It also allows users to earn 3% on their savings. Users can invest savings at RateSetter and will earn interest on a monthly basis.