Aon has just released the latest version of its Well One Money financial wellness tool.
The system is now far more proactive in analysing and identifying ways in which employees can achieve economies in their spending and other financial life.
It includes a range of significant enhancements and in particular reinvents the way discount schemes can be used.
Well One Money uses open banking technology to interrogate the customers’ historical purchases and identify how much they could save by using the deals included in the arrangement for future shopping.
This is vastly more effective for the scheme member as it means the software will automatically identify where consumers can save money and prompt them to take advantage of these deals.
This is a great application of a form of artificial intelligence deployed to help employees of Aon clients achieve significant budget savings.
The service also allows users to set and track budgets.
I can see this new budgeting tool being really useful to help employees understand how their spending has changed pre- and post-Covid-19.
Ian McKenna is founder of FTRC
