UOB, headquartered in Singapore, has partnered with Personetics to introduce an innovative AI-driven savings feature at its TMRW platform in Indonesia.
The Auto-Save functionality within the TMRW mobile app is tailored to suit individual users. Through sophisticated AI and machine learning algorithms, the app assesses and predicts each customer’s historical, current, and projected spending patterns, as well as their income and daily transactions. This analysis helps identify “safe-to-save” funds.
Once the analysis is complete, the app automatically transfers these amounts into the customers’ TMRW savings accounts, allowing them to benefit from higher interest rates. Although the feature operates on a fully automated basis, users have the flexibility to pause and resume their savings activities at any time with just a click.
UOB, which has established a strong partnership with Personetics, intends to expand this auto-saving capability to additional markets, including Singapore.