Analysis of expenses for mobile and online banking

Financial Technologies

Business need

Reasonable spending of money and savings leads to the creation of new financial instruments. Thus, it becomes necessary to connect new units to the personal account, which keep these costs under control. Further progress in this direction is based on the development of artificial intelligence, that deserves close attention to this sphere.

solution

Based on the charts, the customer can monitor and analyze his segmented costs online. What is more, he can assess the payments on the basis of utility and satisfaction.

The application includes the following features:

  • Adding different stores and companies into the database;
  • Setting up the bank segments;
  • Automatic and manual segmentation of customer costs. Creation of the own segments by the client;
  • The history of the client’s expenses;
  • The user’s assessment of the payment based on the level of necessity and satisfaction;
  • Setting limits on the level of expenditure by segments;
  • The block of the analysis of user expenses.

Challenge

Softarex Technologies set a challenge to create, develop and connect a solution for the segmentation of customer costs based on its priority and necessity with subsequent analysis of the obtained data.

Value Delivered

What was achieved:

  • After extensive research and in-depth analysis of the sphere, the developed solution was integrated into the mobile and web application of the bank. This allows the bank’s customers to better understand their expenses and analyze their feasibility, which is based on the history of payments and the costs division of into segments.
  • The app allows bank’s customers to approach the issues of savings more carefully and to carry out daily expenses more rationally.

Technologies

Project Results

This application provides all the necessary functions for users to analyze their expenses. It is worth noting that the app is useful for both parties: banks receive a powerful tool to help their customers in the field of savings, and the users get an efficient mode to keep their expenses under control.

Most importantly, thanks to the developed application, the bank’s customers can monitor and analyze their expenses, understand where they make the highest expenses, and where – the necessary ones. What is more, they can check which restrictions they have and how much they can still spend.

What our customers say

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We hired Softarex Technologies, Inc. for a large, complex development project. They did an excellent job. The project was done on time and on budget. We continue to work them on new projects.

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For all the time of working with Softarex Technologies, the difference between customer-contractor relations and partnership relations has become clear. That is exactly how this company builds the working process - you both (the company and its client) becomes partners. And it is not only to sign a contract, but it is also about negotiations, discussions, compromises, constant communication and joint decision making. Softarex will deliver its client a turn-key solution that exceeds all the expectations, all on time and within the budget. And after that, they will provide with a superior customer care that will maintain the relationships for years. Noventic provides devices and systems for the consumption-based collection and billing of water and heat and serves customers worldwide. Since 2010, various solutions in preparation of the internet of things (IoT) have been developed. For us, Softarex Technologies, Inc. has developed housing and public utilities solution - the future for energy suppliers. With the new system meter, readouts can be carried out at any time and fulfill upcoming regulations. The supplier can give transparency and thereby obtain trust from tenants and housing industries in the service. The team we’ve worked with earns praise for their timeliness, collaborative approach, and technical expertise. Their transparent clarifications minimize confusion and ensure clean high-quality deliverables.

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Head of corporate marketing

We’ve been working with Softarex Technologies, Inc. team for over two years. These guys have brought us from the Stone Age to the Digital Age. Their team has developed the state-of-the-art billing and information management software for SYBE as well as web-based Clinic Management Software for SYBE's clients. Both solutions are at the cutting edge, meeting all the requirements and standards: ANSI 835, 837; Meaningful Use; HIPAA, HL 7 and ODBS compliant; ICD 10 Diagnostics, CPT/HCPCS, NDC numbers; CMS-1500 claims, etc.

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IT Director at Artensys S.r.l.

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President and Founder of The Child I.D. Program, Inc.

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