Any bona fide member of the adulting club knows budgeting can be tricky business. It gets trickier when you’re faced with seemingly never-ending bills to pay, leaving you often with little to nothing for yourself. The good thing is you can now simplify your budgeting dilemmas with BPI’s new AI-powered tool that puts you in charge of your spending. Here’s everything you need to know about BPI Track and Plan:

Introducing Track and Plan

The Bank of the Philippine Islands recently rolled out its newest feature on the new BPI app. Aptly called Track and Plan, this tool utilizes AI to track and analyze your financial activities on the BPI app, share insights on your spending habits, and even offer suggestions for savvier financial investments!

What does it do?

Track and Plan provides users with insight into your cash flow. For example, it can notify you about similar back-to-back withdrawals.

By clicking on the notification, you can get more details. And if you need to, you can quickly get in touch with BPI. 

Another insight could be about unexpected deposit changes from a familiar payor to your account.

It can also monitor trends in your spending, alerting you in case your bill is higher than your average — so you can be more mindful of your budget.

Looking into the future

As AI learns from patterns or features in data, insights from Track and Plan get better the more you use it. And because this tool’s insights are only viewable to the user, you can rest assured about the privacy of your financial transactions.

BPI will also be expanding its capabilities in the coming months, allowing users to eventually have the option to turn on automatic monthly investments, schedule their most frequent transactions, and stay on top of their spending and earnings with a built-in budget tracker.

All these will be available exclusively on the new BPI app.