Bank services provider Bluevine is developing AI-driven tools that provide financial advice and insights to small- and medium-sized business clients by building on existing AI infrastructure. 

The Jersey City, N.J.-based fintech is in the research phase of development and is also exploring working with vendors, Chief Executive Eyal Lifshitz told Bank Automation News.

“We will likely leverage technologies that exist out there, build on top of them,” Lifshitz said. “There may be some cases that are unique to us, and we’ll look to develop ourselves, but more likely we’ll build around infrastructure that already exists.” 

Bluevine uses Microsoft’s CoPilot and some AI models from Amazon Web Services for its internal uses, Lifshitz said. 

“We chose those vendors because we were already working with their environments,” Lifshitz said. “It’s an easier leap for us to adopt it, to try it out, versus adding a brand-new vendor that may or may not work.” 

Some existing AI use cases at Bluevine are: 

• Fraud detection of online check deposits; 

• Some functions of underwriting; and 

• KYC functions. 

SMBs evolving needs

While SMBs generally don’t have large tech budgets, they do need finAi tools and lean on their banking providers for them, Lifshitz said. 

According to a Bluevine report published this week that surveyed 750 SMBs in the U.S. with fewer than 100 employees and revenue of $500,000 to $5 million, spending on AI by SMBs surged 410,900% over two years in 2025 for:

• Marketing;  
• Sales;  
• Customer support; and  
• Data-driven insights.  

 “There is an opportunity to streamline and automate a lot of the back-office process, and there’s also an opportunity to make customer support more effective,” Lifshitz said. 

Bluevine is evaluating building an AI-driven financial adviser for its clients that “allows the small business owner to conduct any actions that they want by just telling” the adviser, Lifshitz said. Moving money and making payments would be handled by the AI financial adviser, he added.. 

The company is also looking to develop a data insights tool for SMBs, Lifshitz said.  

“For example, how is my revenue trending? How much money should I save?” he said. 

The financial adviser, coupled with the insights tool, would provide recommendations to customers about financial planning, Lifshitz said. 

Examples of suggestions might be: “Based on your pace of revenue growth, you may want to apply for a line of credit, because you’ll need it for working capital financing. Or, we want to make sure that you’re saving enough for taxes, so you should probably allocate X percent of your funds to this account,” Lifshitz said.