New App Helps Consumers Make Better Financial Choices
Clarity Money is a new app that uses artificial intelligence and data science to help consumers make better financial choices.
The app, which was designed by venture capitalist Adam Dell, can help users with many aspects of their financial life–everything from finding credit cards with lower interest rates to lowering bills.
Consumers are growing accustomed to user experiences tailored to their likes and dislikes. Services such as Amazon’s predictive shopping preferences to Netflix’s show recommendations offer users customized experiences. However, Dell noted that most personal financial management tools are generic. Clarity Money will offer users tailored solutions to their financial issues, and consumers will be able to take action directly from the app.
“I started Clarity Money because I was frustrated by how little you can do with Mint. Consumers should have an unbiased advocate helping them navigate their financial lives. Clarity Money is that advocate,” said Adam Dell, Founder and CEO of Clarity Money. “People deserve to know if they’re overpaying for the services they use or if they can get a better deal on a credit card.”
Clarity Money offers the ability to connect accounts, daily spending monitoring, subscription management and budgeting tools.
The app will also analyze a users financial situation and then offer solutions. From within the app, users can:
- Find better interest rates for credit cards or personal loans
- Cancel and lower bills
- Open a savings account
- Transfer money between accounts
- Access their credit score for free
Currently, anyone who is interested in trying the app can join the waitlist on Clarity’s website.