Online Banking App

Technology domains
Cloud Solutions | Mobile | Big Data and Analytics | AI
FINMATEX: AI-Powered Fintech Platform FINMATEX: AI-Powered Fintech Platform
In the age of digital technology, face-to-face customer service is losing its importance. And the banking industry is no exception. Today's customers prefer to manage their finances on the go rather than waste time in long lines in bank branches. They value their time and need easy-to-use banking solutions that would match their lifestyle. To meet the needs of tech-savvy customers, financial institutions are going digital, making customer service available 24/7 from the comfort of one's personal device.
Online Banking App Online Banking 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 Online Trading Platform
Despite the growing popularity of online trending, 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 an Online Banking App for personal finance management.

It’s a powerful mobile tool that allows users to:

  • Manage all their accounts — cash, checking, loans, and investments — in one place;
  • Keep track of their spending using budget categories;
  • Set spending limits;
  • 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.

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