BankViz – AI-powered bank statement analyzer (github.com)

BankViz has launched an AI-powered bank statement analyzer that allows users to upload CSV exports from banks or PayPal. The tool utilizes OpenAI to automatically categorize transactions, offering insights into spending patterns, financial planning, and wealth projections. Currently tailored to the Australian tax system, BankViz features include an interactive dashboard for tracking spending trends, customizable categories, and a rules engine to auto-categorize transactions based on descriptive patterns. This tool is significant for the AI/ML community as it showcases the practical application of machine learning in personal finance management. The use of OpenAI for transaction categorization emphasizes the growing role of AI in automating complex data analysis. Key technical elements include automatic column detection for CSV imports, duplicate detection for transactions, and the integration of 23 financial insight calculators. With a tech stack leveraging React, Vite, and Convex, BankViz not only streamlines financial management for individuals but also serves as a model for future applications of AI in everyday financial planning.