Jun 24, 2021
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Service categories
Service Lines
Software Development
Mobile Development
Domain focus
Banking & Financial Services
Programming language
Kotlin
Swift
Frameworks
.NET
Challenge
The customer wanted to create an app that would function as an intelligent money management system to help users make proactive and rational decisions on their finances. The system’s target audience is millennials who often struggle to keep track of their regular spendings. The application takes advantage of Machine Learning and Artificial Intelligence technologies in FinTech to predict future budget distribution by analyzing users’ spending record to better manage their current finances.
The customer wanted to create an app that would function as an intelligent money management system to help users make proactive and rational decisions on their finances. The system’s target audience is millennials who often struggle to keep track of their regular spendings. The application takes advantage of Machine Learning and Artificial Intelligence technologies in FinTech to predict future budget distribution by analyzing users’ spending record to better manage their current finances.
Solution
The app is integrated with the APIs of Truelayer which gives access to the financial data of the major banks across the U.S. and the U.K. There is no need to create a separate integration with every single bank;
The system is able to analyze, systematize and categorize the data about user’s earnings and spendings across a certain period of time and display the respective results in the form of graphs and charts;
The user is able to see the amount of money that was earned and spent across a certain period of time.
The app is integrated with the APIs of Truelayer which gives access to the financial data of the major banks across the U.S. and the U.K. There is no need to create a separate integration with every single bank;
The system is able to analyze, systematize and categorize the data about user’s earnings and spendings across a certain period of time and display the respective results in the form of graphs and charts;
The user is able to see the amount of money that was earned and spent across a certain period of time.
Results
The work was organized using the Agile development model and the Scrum framework. We have split the development into bi-weekly sprints with new features and product demos coming at the end of each stage. The client communicated with the team via Slack and Skype. We also used Git as a code repository.
The work was organized using the Agile development model and the Scrum framework. We have split the development into bi-weekly sprints with new features and product demos coming at the end of each stage. The client communicated with the team via Slack and Skype. We also used Git as a code repository.