PennyWise AI

PennyWise AI

PennyWise AI is a tool that helps you manage your finances by automatically reading and organizing transaction details from SMS messages. It uses on-device AI to provide financial insights without needing manual entry or cloud processing, ensuring your data stays private and secure.

Benefits

PennyWise AI offers several key advantages:*Smart SMS Parsing: Automatically extracts transaction details from any Indian bank SMS, saving you time and effort.*Spending Analytics: Provides visual insights into your spending patterns and trends, helping you make informed financial decisions.*Subscription Tracking: Detects and monitors recurring payments, so you can keep track of your subscriptions easily.*AI Assistant: Allows you to chat about your finances with a locally-running AI, making financial management more interactive and user-friendly.*Auto-Categorization: Intelligently groups transactions by merchant and type, making it easier to organize and understand your spending.*Data Export: Lets you export your financial data as CSV or PDF for taxes or personal records.*Privacy First: All processing happens on your device using MediaPipe's LLM, ensuring your financial data never leaves your phone. There are no servers, uploads, or tracking involved.

Use Cases

PennyWise AI is useful for anyone who wants to manage their finances more effectively. It is particularly beneficial for:*Individuals: Who want to keep track of their spending and understand their financial habits.*Small Business Owners: Who need to monitor their expenses and manage their finances efficiently.*Anyone Concerned About Privacy: Who wants to ensure their financial data stays secure and private.

Additional Information

PennyWise AI is currently in closed beta testing. To join the beta and get early access, you can send your Gmail address to the provided contact. The tool is built using a modern tech stack that includes MVVM, Room, Coroutines, MediaPipe AI, and Material Design 3. It is compatible with Android 12+ (API 31) and requires Android Studio Ladybug or newer and JDK 11 for development.