What Is Moneyscience™ and how can you use It?

MoneyScience™ is the first technology to put the power of data science into everyone’s wallet, helping you pay off debt faster, spend money more wisely, and invest in your own future, using data-smart solutions that are easy to use.

MoneyScience™ is a new patented system developed by Bright that blends data science with personal finance. 

How does it work?

Just connect your credit cards and bank accounts to Bright and set a few personal goals. MoneyScience™ automatically gets to work. 

MoneyScience™ learns about your finances, your income and spending habits, and starts to pay off your card debts, finding the smartest way to manage your payments -- an individualized strategy driven by your own unique needs. 

MoneyScience™ automatically makes payments for you, maximizing your savings and slashing interest costs. Throughout each month, MoneyScience™ moves small amounts from your bank account -- based on what you can afford and your goals. MoneyScience™ uses those funds to pay off your debt, always avoiding late fees and optimized to lower your interest charges. You’ll earn interest on any money we withdraw, at rates typically higher than your bank accounts, and you can withdraw your funds at any time. 

What do you have to do?

Connect your bank account and credit cards. Then set your monthly goals. MoneyScience™ gets to work, analyzing your finances and making payments for you - automatically. 

When your spending habits change, MoneyScience™ adapts, adjusting your payments automatically. 

You can check in whenever you like or switch up your goals. Or just sit back and relax. We’ve got your back. 

How can you make the most of MoneyScience™?

MoneyScience™ is brilliant at clearing credit card debt. The average Bright user saves over $900 in interest costs each year and over $55 in late fees. But there’s more to it than that.

MoneyScience™ automatically creates personalized budgets, delivering a clear-eyed view to help with everyday purchase decisions, from home improvements to vacation planning to special splurges. 

MoneyScience™ also offers flexible financial planning, with competitive savings and investment options. For the first time, you can tap into the power of data science to help reach major life events, from home buying to retirement. 

Best of all, whenever your goals shift, our advice shifts with you, automatically adapting to your new needs. No judgments. It’s all tailored to you.

What’s behind MoneyScience™?

It’s a new patented system, built on 34 algorithms with top-grade security, developed by over 120 experts in data science and financial services and tested on over 50,000 users.

Bright’s founders, Petko Plachkov and Avi Patchava, developed the system along with a team that together has drawn from experience at PayPal, Amazon, Google, McKinsey and other groundbreaking companies.

How data science drives Bright

MoneyScience™ and its data science are at the core of everything Bright does, the automation that makes payments for you, the personalization that tailors everything to you, and the financial insight that drives how we optimize your financial plan. 

MoneyScience™ is built on 34 algorithms with top-grade security, developed by over 120 experts in data science and financial services and tested on over 50,000 users.

MoneyScience™ was developed specifically for Bright and is available only through Bright.

Data science with real value for everyone

It’s our innovation in data science that makes Bright unique, improving users’ lives by simplifying calculations and decision making. 

Bright and MoneyScience™ have had real impact, helping thousands of users pay off their debt faster, while also helping them save more and invest in their future. 

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Recommended Readings:

How Bright Uses AI: AI in Finance

Understanding Millennials and Money