FINMATEX: Personal Finance Management App
Challenge
Living paycheck to paycheck is quite common these days. And it's not just about overspending. Unpredictable income, low wages, and high costs for health care, utilities, insurance, and education are the reasons you can suddenly find yourself living on the edge financially through no fault of your own. Even people with high income tend to spend the entire paycheck without squirreling any money away for emergencies like medical expenses or unexpected job loss.
But technology can help break the cycle of living paycheck to paycheck. Modern fintech solutions can accelerate your journey to financial freedom. They thoroughly analyze a user's income, spending, and financial behavior to provide personalized, data-driven savings recommendations and create individual budgets.
Solution
Softarex has developed FINMATEX — a mobile app for personal finance management.
It’s a powerful tool that allows users to:
- Manage all their accounts — cash, checking, loans, and investments — in one place;
- Keep track of their spending by splitting transactions into categories automatically;
- Set spending limits and get notifications when they exceed them;
- Build their own budget or use the individual budget created by the app based on the analysis of income and expenses for the past 12 months;
- Set financial goals and track their progress;
- Get detailed reports on their income, spending, net worth, loan payments, interest, investments, and more.
Project Results
Online Banking App developed by Softarex produces the following benefits to users:
- 24/7 access to the personal account and bank operations;
- More informed spending decisions;
- Maximized savings.
Technical challenges
- Ensuring data security;
- Data encryption.
Get in touch with Softarex’s team
Have questions about your future project? Feel free to contact our team.