banking

How to analyze your banking transactions and use artificial intelligence to find forgotten subscriptions

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Let’s teach you how to use AI to find forgotten subscriptions analyzing your banking movements. It is much more common than you think that there is a small subscription that, without you realizing it, month by month is gradually taking money away from your account. Therefore, if you want to eradicate subscriptions you no longer needthe first step is to find those that you don’t know you are paying for. You will be able to do this with any chatbot. artificial intelligence. In the example we have used ChatGPTbut you can also use Claude either Gemini. Before starting it is important that you know that By doing this you will be handing over your data to companies that own artificial intelligence. Nothing has to happen, but you should be aware before sharing sensitive information like your bank accounts. Download a PDF of your banking transactions The first step is to download a file where you have your bank transactions. For that, you have to go to your bank’s website or application and Click on the option to download movements of your account. When it comes to lowering movements, It is very important that you download several months’ worth of data. Because? Well, because this way the AI ​​will first be able to locate your subscriptions based on the movements that are repeated, and because then it will be able to know which ones you have stopped paying. It is also important to download the file in PDF, an easy-to-read format. This is important because what we want is not a list of all the subscriptions you have paid in recent months, but for the AI ​​to be able to detect which ones have stopped paying because they were there before and now they are not, and which ones you are still paying for. And for this it is essential to have the context of your movements for quite some time. Now ask the AI ​​correctly Now you just have to go to the artificial intelligence chat you want and upload the PDF that you have downloaded from your banking application. To do this, open a chat and click on the add files option, and choose the PDF. Don’t just send it, when it is uploaded you will have to add the prompt. And here comes the magic, in the request prompt. Because when you write it you will have to ask AI to find subscriptions you haven’t stopped paying for yet. To do this, you have to specify that you want it to review everything and only tell you those that you are still paying for. You can use the following: I’m going to upload a PDF with a bank statement, which shows the accounts for the last few months. I want you to analyze the content and tell me what recurring subscriptions I am paying for without realizing it. Tell me only the ones that I have not stopped paying in the last month. When you do this, the artificial intelligence will analyze all the entries in your bank statement. It will first look at all your subscriptions, finding recurring payments, and then see which of them you were paying for before and have now stopped paying. Then, it will show you some results where Only those that you are still paying for will appearas well as the amounts. In Xataka Basics | How to create a Telegram bot that sends you a summary made by Gemini of each email you receive in Gmail and other emails

Revolut plans to make the generational leap in Spain: assault private banking

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Revolut is looking for private banking professionals in Spain to build its high net worth division from scratch. The project is in the initial phase, but talks have already begun, according to Expansion. It is the first serious move by the British neobank in a segment traditionally reserved for traditional banking. Why is it important. The bank intends to compete with the leaders of this sector, Santander and CaixaBankwho control more than 35% of the large fortune market in Spain. It is not a minor battle: Santander manages 195,000 million in assets of patrimonial clients. CaixaBank exceeds 181,000 million. Revolut wants to convince these customers to abandon decades of banking relationships for a mobile app. The context. Interest rates have normalized in Europe and banks need to compensate with fees for what they lose in margins. Private banking is the perfect business: High profitability. Less price sensitive customers. Lasting relationships. That is why everyone wants to enter or grow in this segment. Revolut is late to the banquet, but if anyone can offer a different menu, it’s them. Between the lines. Until now, Revolut has been the bank of millennials and generation Z. Young people who exchange currencies to travel, invest in cryptocurrencies, value the absence of commissions and digital agility. Now he wants to manage his parents’ assets. It is a logical but complex leap: going from being the youth alternative to becoming the custodian of consolidated family fortunes. Yes, but. There is another less obvious reading. Millennials who have been with Revolut for a decade are getting older and accumulating wealth. Entrepreneurs who have sold companies. Professionals with consolidated careers. Investors who have multiplied capital. Revolut is not only looking for new customers, it also aims to retain those it already has before they leave for traditional banking when they need more sophisticated services. The strategic turn. Revolut founder Nik Storonsky He’s been anticipating this move for a year.. He presented it as a natural evolution: many bank clients already have high balances and need more than just a well-stocked checking account. But the reality is more pressing: Revolut needs to diversify revenue beyond transactional products (currency exchange, cards, accounts). Their model has worked for the average customer. Now look for the high value one because that’s where the real margin is. The threat. Revolut’s bet is not only technological, it is generational. The bank believes that new fortunes value agility and innovation more than dealing with a manager in a VIP office. It also relies on its young client base to mature with them, creating a natural transition into private banking. And now what. Dates, minimum equity requirements, a list of specific services to be offered by Revolut in private banking… Everything is yet to be defined. It also remains to be known whether the bank will replicate its model from other markets or adapt the offer to Spanish particularities. And, above all, it remains to be seen if it manages to sign top-level professionals willing to work in a technologically powerful brand, but without a history of large assets. In Xataka | Neobanks break 25% market share in Spain. Traditional banking is losing young customers Featured image | Revolut

Neobanks break 25% market share in Spain. Traditional banking is losing young customers

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They are no longer an anecdote, they are a main actor. For the first time, neobanks have exceeded 25% of the market share among individuals in Spain. A new report echoed by some media, places the penetration of these entities in 27.2%. It is a significant jump from the 21.8% they registered in 2024. The data confirms a clear trend: traditional banking is losing the battle for the young customer, although it continues to retain the main business. Image: Revolut What is a neobank. Unlike traditional bankingneobanks operate 100% digitally, without physical branches. Their model is based on a very light cost structure that allows them to offer commission-free services all managed from a mobile app. The Bank of Spain itself defines them as entities that offer banking intermediation services in a completely digital way. The assault on the young public. Neobanks entered the Spanish market attacking a very specific niche: young people and travelers. a study from Adyen and OpinionWay reveals that practically all Spaniards (93%) reject paying banking fees abroad. This has caused 59% of millennials and 55% of Gen Z to trust them more than traditional banks when traveling. Part of the “win” in innovation and reputation It’s not just in the product, but in the marketing. They understood that an app was not enough to attract the new generations; You had to be where they are: social networks and platforms like Twitch and YouTube. Revolut has been the most aggressive, renewing for a third year its alliance with Ibai Llanos and sponsoring its “Evening of the Year.” It seems that traditional banking has reacted to this trend, and has used the same weapons: now, Banco Santander has signed the YouTuber Plex. With almost 15 million followers on their networks, He is the protagonist of the last campaign. The Revolut surprise. This growth is not uniform; It is led by the well-known Revolut. A report from the CNMC was devastating: in 2024, Revolut led the acquisition of new accounts in Spain with 19.8% of the total, surpassing giants such as BBVA and Santander. The CNMC was blunt and recognized that “neobanks and fintechs pose a real competitive threat.” Figures. That leadership in recruitment now translates into real money. According to data from Expansion and El Mundo, the total neobank customer base in Spain exceeded five million in 2024. Revolut quadrupled its deposits in a single yeargoing from 739 million euros to 3,127 million. Meanwhile, its competitor N26 (with one million clients) suffered a 9% decline in deposits since December. Image: BBVA Fintech in traditional banks. The reactionary stance of some entities has led them to a strategy: launch their own neobanks to compete in the same field. Imagin stands out, promoted by CaixaBank. Your numbers They do not leave many doubts: they can boast 3.5 million clients and a 48% market share in the 18 to 34 year old segment among the main neobanks. But very few trust them with their payroll.. Despite the good penetration figures, traditional banking continues to dominate the main relationship with the customer. According to a report by Inmark, banks such as CaixaBank, Santander and BBVA account for almost 84% of the business market. Among individuals, only 4.2% use a neobank as their main entity. However, the goal of neobanks is stop being a complement. They are ripening to attack the core business of banking: Revolut has already announced its plans to offer mortgages in Spain and yes it has materialized installment payment services. The official view: necessary competence. The rise of fintech is a trend validated by official organizations. The Bank of Spain, in its 2025 Observatoryconfirms a 50% growth in the number of entities since 2020 and a 249% increase in their total assets since 2018. At the European level, the president of the Single Resolution Board recently warned that the Revolut model reinforces the need for a deposit guarantee fund mutualized in the EU. For its part, the National Commission of Markets and Competition (CNMC) and your report It is important to understand why they succeed: The traditional banking sector is highly concentrated. Spain (HHI of 1,331) has a higher index than Germany (323) or France (567). This lack of competition is one of the reasons why traditional banks do not remunerate deposits. It is the neobanks who break this dynamic. The Spanish banking sector is four times more concentrated than the German one, according to the CNMC. Neobanks have not grown by chance: they have taken advantage of the void that traditional banking left by not competing Now, there are always stones on the road. The CNMC points out that Spaniards have a “relatively high level of distrust” in online banking – only 23% feel “very comfortable” compared to the 41% average in the eurozone – and “below” average financial education. This paints a battlefield for the coming years. The growth of neobanks shows that they have won the usability war: they are easier to use and have masterfully conquered the young public. However, CNMC data reveal that traditional banking still has the most important defensive moat: customer trust and inertia. Cover image | Composition with images of CardMapr.nl and Revolut In Xataka | There are more and more millionaires in the world and that is a problem: luxury products are no longer exclusive

Ten banking giants are going after stablecoins. They are trying not to miss the digital money train

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A consortium of ten of the world’s largest banks, including Bank of America, Goldman Sachs, UBS, Santander and BNP Paribas, have announced that they are exploring creating their own stablecoins, according to Reuters. Why is it important. It is the first time that a consortium of this magnitude has officially reacted to the threat posed by stablecoins (stablecoins) for your business. What has happened. The consortium has made this announcement regarding this development. They would be digital assets anchored 1:1 to the main G7 currencies (dollar, euro, pound, etc.) and, key, they would work on public blockchains, the same technology used by the crypto world. The advertisement seeks to stand up to the absolute dominance of Tethera single company that currently manages a volume of 179 billion dollars outside the traditional banking system. The small print. This movement does not come so much in a context of innovation as in a crisis management room: The money that Tether moves is money that escapes the control and commissions of the SWIFT system. The bank is not creating something new, it is trying to build its own version of something that already exists, works on a large scale and is taking over their ground. The great contradiction is that, to compete, they must use a technology (blockchain) designed explicitly to eliminate intermediaries. The business model of a bank is, precisely, to be that intermediary. They are forcibly adopting the foundations of technology that threatens to erode an increasing part of their business. And now whatand. The ball is now in the court of governments and central banks. For a regulator, a stablecoin issued by a private bank continues to be a threat to monetary sovereignty. This movement only serves to hurry them up in the development of their own digital currencies (the famous CBDC). A CBDC controlled by the European Central Bank or the Federal Reserve could, in the long term, render obsolete both stablecoins of Tether as those now proposed by banks. The banking consortium, in its attempt not to be left behind, may have only managed to accelerate the arrival of a much more powerful competitor: the State itself. In Xataka | It is not bitcoin or Ethereum: Tether is the stablecoin that has turned its creators into emperors of finance Featured image | Alicja Ziajowska

Bitcoin has just achieved a new historical maximum of $ 110,000 because banking and companies have gone from hating him to love him

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Bitcoin broke the $ 111,000 barrier this Thursday and marked a new record. The difference is that while in other records the reasons had to do with external events, here the growth is mainly due to one thing: the interest of some institutions that for years reneged of this type of investment. 111,878 dollars. A few hours ago, as indicated in Coindesk, a Bitcoin worth 111,878 dollars, a figure never seen before and that seems to confirm that renewed optimism that investors have recovered for this cryptocurrency. A singular recovery. The tariffs announced by Trump affected not only the world bags, but also the cryptocurrencies, which fell significantly. It also happened with Bitcoin, but since they were announced Pauses and exemptionsBitcoin’s growth has been clear. On April 9, it was at $ 76,000, but since then its value has been increased more than 45%. Institutional love. The demand for this cryptocurrency not only comes from cryptoactive funds or traditional sale markets (exchanges): companies and institutions are now becoming large sources of investment and begin to treat BTC as a value reserve. And business. There are several companies that are betting hard on Bitcoin. In fact, some are turning cryptocurrencies into their true focus. The most extreme case is Strategy (formerly Microstrategy), which already has 576.230 bitcoins In his possession (about 63.8 billion dollars), more than 2.5% of all those in circulation. An absolute “whale” of this segment. The ETF work. The approval of the funds quoted in the stock market (ETF) based on Bitcoin has certainly changed the panorama in the United States. These mechanisms open the door for many more investors to enter this financial segment now that it is more “standard”. Analysts such as Jeff Mei, from the BTSE sale market, indicated that growth “will probably continue, especially as more companies go to public markets and ETFs.” JP Morgan will allow Bitcoin to buy. If there has been a denial of Bitcoin, that has been Jamie Dimon. The JPMorgan CEO has renegated for years and other cryptocurrencies, but this week announced that it would allow its customers to buy Bitcoin to the clients of the entity. Of course, he did it by reiterating his skepticism about these assets. In Spain the same is happening. Traditional banking was also reluctant to offer this type of investment, but little by little the entities are offering this possibility. The BBVA has been the last great exampleand the same goes for CaixaBank, which allows it although not proactively. And this may lead to another momenty moment. This striking growth of Bitcoin could have a renewed interest on the part of investors who do not want to lose the train. The Fomo effect (Fear of Missing Out, the “fear of lost it”) is powerful in the financial field, and analysts raise new increases by that upward trend. The evolution of other cryptocurrencies with great market capitalization (billion dollars) has been similar to that of Bitcoin. Even greater, in fact. Data: Coinmarketcap. The rest of the market accompanies. Bitcoin’s evolution is solid in recent weeks, but so is the recovery of other cryptocurrencies that had also fallen remarkably and now have recovered part of the lost. The difference here is Bitcoin is marking historical maximums, but others such as ETH, XRP, Solana or Dogecoin are still far from the values ​​they reached in the past. ETH, for example, reached $ 4,900: it is currently 2,645. In Xataka | A British did not let his album search with Bitcoins in the trash for years: now he considers buying the landfill

Banco Santander will close more than 200 physical offices. It is the most visible symptom of traditional banking metamorphosis

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Santander plans the closure of the largest number of offices in Spain from the pandemic. According to Digital economymore than 200 branches will lower the blind this year. The arrival of Ignacio Juliá – a manager with DNA DNA forged in ING – to the direction of Santander Spain is no accident. It is a symptom. Similar to what happens to other Ibex companies – as Telefónica debating between transforming between technology company or assuming the decline as a traditional teleco-, Classic banking has an existential dilemma ahead. On the one hand, Maintain physical offices has become a financial ballast to the Neobancoswhich operate with infinitely lighter and more efficient structures. On the other hand, those same offices They are a competitive advantage for certain demographicparticularly among over 60 years, who concentrate a large part of the financial assets in Spain. Neobancos have gained ground in basic operation and current accounts, but still have important limitations in more complex products, such as mortgages or heritage management. Santander himself has recognized your annual report “The value of the human connection” provided by branches, especially for vulnerable clients, while simultaneously advances towards what defines as “a digital bank with branches”. The Ying and the Yang. Investment management is that space that still has traditional banking to uncheck from the Neobancos, where even the face to face with the manager (the one who gives a branch) can be an incentive for the client. There they face independent platforms, such as Trade Republic or the Spanish Indexa, with increasing traction, better fame … and lower commissions. Of course, they do not usually have exclusive products for large heritage, more complicated land for Fintech. Santander has no urgency for these changes. In 2024 he got a record benefit of more than 12,500 million euros. Your current business model is still profitable. The issue is whether the digitalization strategy combined with selective physical presence will be sufficient to maintain its relevance when the digital generation becomes the main segment with heritage. Traditional bank is not disappearing, but it is in full metamorphosis. It is looking for a balance between digital efficiency and the added value that human interaction provides. In Xataka | The digital counterrevolution reaches the classrooms: seven CCAA backs down with the screens and mark a change of trend Outstanding image | Santander Bank

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