FINMATEX: Personal Finance Management App

Technology domains
Cloud Solutions | Mobile | Big Data and Analytics | AI
FINMATEX: Personal Finance Management App
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.
Online Trading Platform
Despite the growing popularity of online trading, many traders, especially beginners, still opt for traditional trading. They appreciate the live communication with brokers and feel more confident and secure because they can always get help and advice from a professional.More experienced traders, on the contrary, prefer online trading because of its lower cost and the possibility to trade 24/7 without additional fees.

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’s 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.
/*validation in theme functions*/

Get in touch with Softarex’s team

Have questions about your future project? Feel free to contact our team. Fill out the form below, and our consultants will get in touch with you shortly to discuss your desired software.