AI-Powered Financial Insights

Get personalized recommendations to improve your finances

Prism Wallet's AI analyzes your financial data to provide actionable insights that help you save money, avoid fees, and reach your goals faster.

How Insights Work

Automatic Analysis

Our AI continuously analyzes:

• Spending patterns and trends
• Unusual transactions
• Saving opportunities
• Bill optimization
• Budget performance

Personalized Recommendations

Insights are tailored to:

• Your spending habits
• Financial goals
• Income patterns
• Life circumstances

Types of Insights

Spending Insights

• Trend Alerts: "You spent 30% more on dining this month"
• Category Analysis: "Your grocery spending is 20% below average"
• Merchant Patterns: "You visit Starbucks 3x more than last month"

Saving Opportunities

• Subscription Audit: "You could save $50/month by canceling unused subscriptions"
• Bill Negotiation: "Your internet bill is higher than similar users"
• Cash Back Optimization: "Use Card X at grocery stores for 3% back"

Budget Optimization

• Budget Suggestions: "Based on your income, consider a $400 grocery budget"
• Reallocation Tips: "Shift $100 from shopping to savings"
• Achievement Alerts: "Great job! You're under budget in 5 categories"

Unusual Activity

• Large Transactions: "Unusual $500 charge at Electronics Store"
• Duplicate Charges: "Possible duplicate Netflix charge detected"
• Fee Alerts: "You paid $35 in overdraft fees this month"

Financial Health

• Net Worth Updates: "Your net worth increased by $1,200"
• Debt Progress: "You're on track to pay off your credit card in 6 months"
• Emergency Fund: "Your emergency fund covers 2.5 months of expenses"

Accessing Your Insights

Notification Center

1. Tap the bell icon on the dashboard
2. See all recent insights
3. Tap any insight for details
4. Mark as read or take action

Insights Tab

1. Navigate to the Insights section
2. Browse by category:
   • Recent
   • Savings
   • Spending
   • Goals
   • Alerts

Dashboard Cards

High-priority insights appear as cards on your dashboard

Acting on Insights

Quick Actions

Many insights include one-tap actions:

• Create Budget: Set up a new spending limit
• Review Transactions: See related charges
• Update Goal: Adjust your targets
• Contact Support: Get help with issues

Tracking Progress

• See which insights you've acted on
• Track savings from recommendations
• View historical insights

Customizing Insights

Notification Preferences

1. Go to Settings → Notifications
2. Choose which insights to receive:
   • Critical alerts only
   • All recommendations
   • Weekly summary
3. Set quiet hours

Focus Areas

Tell us what matters most:

1. Go to Settings → Insights Preferences
2. Select focus areas:
   • Saving money
   • Reducing debt
   • Building wealth
   • Spending less

Sensitivity Settings

Adjust how aggressive insights should be:

• Conservative: Only major issues
• Balanced: Standard recommendations
• Aggressive: All optimization opportunities

Premium Insights

Advanced Analysis

• Peer comparisons
• Predictive spending forecasts
• Investment recommendations
• Tax optimization tips

Custom Reports

• Monthly financial health report
• Annual spending analysis
• Goal progress tracking
• Category deep-dives

Understanding Insight Accuracy

How We Calculate

• Based on your actual transaction data
• Compared to your historical patterns
• Benchmarked against similar users
• Updated as new data arrives

Improving Accuracy

• Categorize transactions correctly
• Connect all your accounts
• Update your profile information
• Provide feedback on insights

Common Insights Explained

"Subscription Creep"

You're paying for services you may not use:

• Review all subscriptions
• Cancel unused services
• Consider sharing or downgrading

"Coffee Shop Spending"

Small purchases adding up:

• See total monthly amount
• Compare to making at home
• Set a coffee budget

"Ghost Subscriptions"

Charges you may have forgotten:

• Old gym memberships
• Free trials that converted
• Annual charges

"Optimal Payment Date"

When to pay credit cards:

• Avoid interest charges
• Improve credit utilization
• Maximize grace period

Privacy and Data

How We Protect You

• Insights are generated on-device when possible
• No human sees your transaction data
• Aggregated data is anonymized
• You control what data we analyze

Opting Out

1. Go to Settings → Privacy
2. Toggle AI Insights off
3. Existing insights will remain but no new ones generated

Troubleshooting

Not Receiving Insights

• Ensure notifications are enabled
• Connect at least one account
• Have 30+ days of transaction history
• Check insight preferences

Incorrect Insights

• Verify transaction categories
• Update your income information
• Provide feedback on the insight
• Contact support if persistent

Too Many/Few Insights

• Adjust sensitivity settings
• Update focus areas
• Change notification frequency
• Use "Not Helpful" feedback

Making the Most of Insights

1. Check Daily: Quick morning review
2. Act Quickly: Fresh insights are most actionable
3. Track Savings: See your progress over time
4. Share Success: Celebrate financial wins
5. Stay Curious: Explore why patterns exist

Remember: Insights are suggestions based on your data. Always use your judgment when making financial decisions.