By FINTECH Books Contributor, Catherine Flax Follow: @CatherineFlax  With the innovation that has occurred in the lives of consumers as a result of Artificial Intelligence, very little has been done to meaningfully change how people manage their personal finances. As a society, we will benefit from approaching personal finance in a fundamentally different way in order to motivate good long-term habits. Fear of bankruptcy, hope of having enough money for retirement, inability to plan for college, counting on the stock market rising, is for many people the current-but woefully inadequate way-to address these important issues. We now have the tools to impact the way we interact with money, rooted in a deep understanding of the complex equation governing an individuals’ financial situation, their goals, the economy, markets, tax rules and other factors. A new AI driven framework is on the rise for how people can have an informed relationship with their finances. A new form of information and education can be economically adopted by the public at large, resulting in the acquisition of new habits. The challenge of economic illiteracy that plagues most of society- even our most educated citizens- can be addressed with the tools of AI. Today, only individuals with substantial net worth can access the services of professional financial advisers to approximate this level of service- but even those insights are very narrow and not as comprehensive or tailored as what today’s computational and machine learning power can create. Understand how neural networks, reinforcement learning and other AI technologies can be deployed to effectively drive this change. Explore the difference between “interface” AI and the ability to actually answer complex personal and wealth management questions. Explore how todays’ financial institutions can adopt these new technologies, and the pace of this possible evolution. Discover the future of personal finance intelligence through AI.