The fintech world is developing rapidly, but until now there hasn’t been a significant solution for SMBs. It’s time to meet DIGITS AI, which has developed a system that is unparalleled for finance teams and accountants. This tool, powered by artificial intelligence, revolutionizes the way businesses interact with their financial data.
What is DIGITS AI?
Digits AI presents a new approach to financial planning and analysis. Instead of requiring users to define and run reports, the tool uses a conversational interface. Want to know your monthly expenses? Your quarterly revenue? Just ask Digits AI. By integrating artificial intelligence into financial workflows, Digits AI simplifies data access.
The Power Behind the Product
The true strength of Digits AI lies in its Generative AI engine, trained on over $300 billion in small transactions, capable of providing real-time financial insights.
What Does It Actually Offer?
So, what does it look like in practice? Imagine you want to know how much you spent this month on software compared to how much revenue it generated, instead of waiting for reports or your accountant to provide answers, you can simply ask Digits AI.
Talking about FINTECH
While Digits AI has made significant strides, American Express has also innovated, launching virtual card services with expense management company Payem. This service allows businesses to create and distribute virtual cards to employees, freelancers, and others for business payments and expenses.
The Future of FINTECH
The fintech industry is evolving rapidly, with companies like Digits breaking the boundaries of what we knew. As AI continues to advance, we can expect to see more innovations in the financial sector that will streamline and enhance the way we work today.
Frequently Asked Questions
1. What is Digits AI?
Digits AI is a product from Digits, a fintech company. It is the first secure, precise, and specific financial AI in the world, designed to provide business owners, accountants, and finance teams with real-time financial planning and analysis capabilities through quick data access via simple queries.
2. What sets Digits AI apart?
Digits AI stands out due to its deep understanding of business finance and its ability to provide accurate answers to financial questions. It is trained on over $300 billion in small transactions and connects to QuickBooks and over 10,000 financial institutions for a comprehensive understanding of financial history.
3. What is the Transaction Review Tool in Digits AI?
The Transaction Review Tool is an AI-based capability of Digits AI that enables faster and more accurate classification of transactions and documents. The tool helps speed up the closing of books process and reduces the need for manual classification.
4. How does Digits AI ensure the security of financial data?
Digits AI uses a unique three-layer architecture to protect customer data. It encrypts customer data at rest using AES-256, with encryption keys secured using advanced techniques.
