BPI president TG Limcaoco said its newly-launched BPI Mobile App can now analyze financial behaviors of individual clients, helping BPI Wealth gauge their readiness to level up their wealth-building initiatives through investing, apart from saving.

Bank of the Philippine Islands, or BPI, investment arm, BPI Wealth, aims to accelerate development of products and services based on artificial intelligence or AI.

In its recent forum called "A.I. VOLUTION: Unleashing the Power of AI in Investments," BPI Wealth said data-focused AI will help investment managers determine the right investment options for clients based on their financial capabilities and respond to their questions faster and more accurately.

Reid Menge, managing director of global investment manager BlackRock, shared in the forum that these tasks can be done using AI's advanced language models, voice optimization, predictive analytics, risk assessment, and data optimization.

Massive shift in technology space

"Every decade brings a massive shift in technology space. What's happening now is that there is a re-platforming going on — the internet is being re-platformed, your smart phones, computers, everything is being re-platformed to go into an era of accelerated computing to enable artificial intelligence," he said.

"This AI-powered personal finance management tool will revolutionize the way you manage your finances. It tracks and analyzes your financial activities, offers insights into your spending habits, suggests innovative investment opportunities, and helps you plan for a secure financial future," he explained.