an linkedin post published by Peter Glyman – Managing Director, Corporate Strategy at Jack Henry & Associates
As the co-founder of Geezeo, I’ve always been at the forefront of merging technology with personal finance. While many things have remained unchanged over the past ten years, my recent interaction with ChatGPT opened my eyes to new possibilities and efficiencies. Using my iPhone’s ChatGPT voice chat feature, I explored its capabilities in handling financial data, achieving in minutes what took us years to develop at Geezeo.
Here’s how it worked: Before starting the voice dialog with ChatGPT, I uploaded three months of transactions (without personal information). Once the transactions were loaded, I asked common personal finance questions like, „Where do I spend most of my money?” „Give me details on a transaction” „What’s my balance?” „What are my top spending categories?” „Do I have recurring subscriptions?” and „Are there any duplicates?” ChatGPT effortlessly answered all of these.
A standout moment was when I inquired about a cash withdrawal from Essex Savings Bank. ChatGPT identified the amount ($303.00) and speculated about potential fees. It suggested that the $303 might include an ATM fee, possibly a rounded figure of $300 plus a $3 fee. This detailed understanding of banking nuances was impressive.
ChatGPT’s ability to simplify transaction descriptions was another highlight. It transformed a complex entry like „TST* NOAHS at 63 MAI 121523” into „NOAHS Restaurant,” showcasing its skill in identifying crucial information and improving clarity. ChatGPT also explained its assumptions, like inferring „NOAHS” as a restaurant, demonstrating its reasoning abilities, which are essential for precise financial tracking.
Besides these examples, ChatGPT efficiently handled tasks like sharing balance data and providing valuable financial insights through voice interaction. Its ease and sophistication in managing financial queries were remarkable.
These experiences underline the incredible potential of AI in personal finance. What took us years to develop at Geezeo, ChatGPT accomplishes with astonishing speed and accuracy out of the box. It offers a glimpse into a future where personalized financial management becomes more intuitive and user-friendly for everyone.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: