This feature allows users to transfer money quickly by pasting photos or messages containing bank information, account number... without having to log in manually.
With the "AI fast money transfer" feature, Cake digital bank is the first unit in Vietnam to allow users to transfer money quickly using AI from pasting photos or messages. Accordingly, when there is a need to transfer money, users only need to stick images or text/ messages containing account information, money..., AI will automatically identify and fill in the necessary information. The final step that users need to do is confirm and complete the transaction. This new feature helps optimize a series of transfer information in one single operation, both saving time and limiting the risk of entering incorrect information.
Cake also applies AI technology to automatically identify and fill in 4 fields of information at the same time, including bank, account number, amount and transfer content. In particular, AI fast money transfer is also capable of analyzing synthetic content and calculating the total amount from many different lines of text.
Quick money transfer AI from images or messages is a small feature, but is highly appreciated for its usefulness, especially in the busy life of modern society. This integration helps office workers, young users, shippers, online businesses... shorten money transfer operations and ensure 100% accuracy when making transactions based on information sent via text messages or images.
According to statistics from the State Bank, the number of non-cash payment transactions increased by an average of 30-40%/year in Vietnam. Of which, transfer is one of the most popular forms.
For individual users, they can make 3-5 transfers per day, serving spending needs, payment, shopping, sending money to relatives or work partners. Although it is a familiar operation, each time a transfer is required for users to enter all information fields: account number, bank, amount, transfer content... On average, each manual entry takes about 30-45 seconds. If each person transfers money 5 times a day, they are spending about 3-4 minutes a day and up to 1-1.1 hours a month just repeating this operation.
In fact, the appearance of the AI fast money transfer feature is considered the optimal solution to free users from unnecessary repetitive operations.
