Apple Could Be Interested In Helping You Manage Your Finances

Apple has long been interested in the physical and mental health of its users and have included various features to support that, like with devices such as the Apple Watch that come with built-in health sensors. However, it seems that Apple wants to extend their support to not just your physical and mental health, but financial health as well.

A recent report has revealed that in the iOS 14.5 beta, there is a new framework called “FinHealth”. It doesn’t take much to guess that this refers to financial health, and further digging has suggested that Apple could deploy some kind of algorithm and machine learning to examine your spending habits and then make suggestions on how you can cut back on certain purchases to save money.

This feature isn’t exactly new per se because the Apple Card (Apple’s credit card) already offers financial health features, but since not everyone owns an Apple Card (or wants to own one), having it built into iOS would be useful and could be used by more users. It is unclear how Apple plans on measuring your spending, and whether or not it will be exclusive to Apple Pay.

Also, it is not necessarily a guarantee that this feature could make it to the final and public release of iOS 14.5, so maybe don’t get your hopes up for now.

Tyler Lee
Categories: Apple, General
Tags: iOS, ios 14