The public launch of generative AI in the form of ChatGPT greased the creative wheels for the impact of these types of technology. We’re seeing experts and firms scurrying, just trying to wrap their minds and their hands around AI.
We had something similar a few years ago when chatbots for financial services started getting interesting. The thing is – these were primarily black-box technologies that seemed very abstract from daily life for consumers and for the teams of developers at banks tasked with managing them.
ChatGPT changed that and with a slight change in interface, it’s unlocked a lot of use cases for financial services. We’re early for sure in this evolution but companies that have been studying the space are already beginning to make a move. ApexEdge provides consumers – through their banks and fintechs – subscription management tools. Want to easily unsubscribe from a subscription to a streaming service you’re not using much? ApexEdge makes that easy. It even has created technology to help you negotiate how much you’re paying for your subscription services.
The firm, which has been curiously studying the evolution of generative AI since ChatGPT-1, is already at work building the next generation of its product with ChatGPT at its center – including embedding it into how its flagship product works, as well as implementing AI tools internally to boost efficiency and increase productivity.
For ApexEdge, it’s a lot about scaling efficiently.
This is one of the first cases we’ve seen of a fintech firm embracing the next generation of AI tools so openly.
This story is part of a collaboration between ApexEdge and Tearsheet Studios. To read more, please head over to Tearsheet where there’s a downloadable guide and two episodes of a podcast about how ApexEdge is using AI as a foundation for the next generation of its product, as well as an important resource inside the firm.
Steve McKean is the CEO of ApexEdge, which runs Billshark, a popular consumer app that enables people to easily cancel subscription payments they’re making to streaming services, for example. ApexEdge utilizes the same technology to enable banks, FIs, and PFMs to offer similar services to their customers.
Download a guide to how ApexEdge is using ChatGPT to power the next generation of its product and workforce here: https://www.library.tearsheet.co/apexedge23
Source by Tearsheet Podcast