Building the Future of AI-Powered Personal Finance: Oluwatosin Amokeodo’s Vision for Smarter Expense Management

Artificial intelligence (AI) is changing how we manage our personal finances, offering smarter ways to budget, track spending, and make better money decisions. One of the innovators leading this shift is Oluwatosin Amokeodo, a fintech and AI expert who is working to make financial management easier for everyone.

Amokeodo’s latest project focuses on creating a personal expense tracker that connects directly to users’ bank accounts through the Mono API. This tool aims to provide real-time insights and automated expense management, helping people stay on top of their finances without the hassle of manually entering data. His goal is to empower individuals to better understand their spending habits and make smarter financial choices.

Over the past few years, the fintech industry has grown rapidly, with AI becoming an important part of that change. AI is already being used in areas like fraud detection and personalized financial recommendations, but Amokeodo believes the true potential of AI in personal finance is just beginning. Many budgeting tools today still require users to input their transactions manually and don’t connect directly with bank accounts. Amokeodo’s approach, however, focuses on using AI to analyze data in real-time and make automatic decisions, which makes financial management more convenient and accurate.

Amokeodo’s expense tracker aims to remove the need for manual data entry. The platform uses machine learning to automatically categorize expenses, identify spending patterns, and provide helpful advice. By securely connecting to users’ bank accounts through the Mono API, it pulls in up-to-date transaction information, offering a clearer view of financial activity. The tracker also predicts future spending based on past behavior, helping users plan more effectively.

The decision to use Mono API is a key part of the solution. Mono offers secure access to bank data, especially in Africa, where access to financial tools can be more limited. By integrating Mono API, Amokeodo’s tool enables automatic expense tracking, financial transparency, and AI-driven insights that are more reliable than what traditional tools can provide.

AI in expense management is not just about tracking where money goes; it’s about offering useful insights, spotting unusual spending, and even adjusting budgets automatically based on real-time data. This makes it easier for people to make informed financial choices, while also improving their understanding of money management.

Beyond his work in fintech, Amokeodo is also committed to mentoring the next generation of tech professionals. With experience at companies like Seomonitor, Jumia, and Gokada, he helps aspiring fintech professionals learn about the challenges of integrating financial data, building scalable solutions, and applying AI in the financial world. His mentorship focuses on making sure young tech talent can turn their ideas into real-world products that make a difference.

Amokeodo’s vision for the future of personal finance is to keep growing and improving his expense tracker. His plans include adding more bank integrations, offering more personalized financial advice through AI, and eventually adding automated investment and savings tools. He also sees opportunities to enhance security and transparency through blockchain and decentralized finance (DeFi) solutions.

In conclusion, AI-powered tools are transforming personal finance, and Oluwatosin Amokeodo is playing a major role in that transformation. His expense tracker, which integrates seamlessly with bank accounts, provides users with real-time financial insights and helps them make smarter decisions. Through his work and mentorship, Amokeodo is shaping the future of finance—making it simpler, smarter, and more accessible for everyone.