Most people don't read through every line of their household bills. It's not the most engaging task, the paperwork can be confusing and, well, who has the time? Turns out that AI bots aren't easily bored and will ungrudgingly scan documents word by word. UK startup Nous is harnessing those capabilities to help people save money and time on their household expenditures.
After signing up, users receive personalized alerts about cost-saving opportunities and issues to be aware of, like renewal deadlines and changes in terms and conditions. Nous also summarizes every bill and functions as a centralized admin archive. Unlike existing price comparison sites and switching services, Nous doesn't take commissions when people move to a different utility company. Instead, users pay a small membership fee, which employers can cover if offering Nous as an employee benefit.
According to Nous, their new AI assistant can effortlessly save most households at least GBP 141 on energy by switching to a new provider. Nous handles all related admin. The feature currently only works for energy bills, but will soon be rolled out to broadband, mobile phone, insurance and other categories.
