Financial health app launched to bridge savings gap

The app is able to forecast bills and set spending limits by connecting to a user's bank and credit accounts, by applying live feeds to an algorithm. It can detect looming financial shortfalls, advising people to take steps to minimise the risk of getting into debt, while nudging them to make savings when they are financially healthy. Pariti plans to introduce users to long-term savings products in the future and does not rule out venturing into financial advice although there are no plans for this in the immediate future. Founder of the app Matt Ford said the company wants to help...