According to the latest information, a new framework called “FinHealth” appeared in the iOS 14.5 Beta code, which means that iOS 14.5 may introduce new financial health features to remind users to improve their financial status.
In the report, the new FHSmart function will be able to use the machine learning function associated with the “wallet” application to automatically analyze user expenditures based on information such as merchants, recurring expenditures, and irregular purchases. It also helps users change financial management based on this.
Although iOS has many features for protecting the privacy and financial health, these features are currently only used for Apple Card.
If Apple provides financial health functions to all iPhone users through the “Wallet” application, it will play a greater role.