MyMoney App Leveraged AI for Financial Tracking
About Project
The client is a renowned Indian financial institution, and one of the largest in the Asia-Pacific region. They provide loans, mutual funds, investments, and other financial services. The client wanted to leverage technology and incorporate it into a mobile app. They approached Brainvire for Mobile app development servicesand to develop an app allowing customers to track their wealth and investments.
Mobile
Platform/OSFinance
Category
Brief
Brainvire’s talented mobile banking app development team created an innovative wealth management app that allowed users to manage income, expenses, and investments at their fingertips.
Highlights
Brainvire’s mobile application allows the client’s customers to manage their personal wealth and investments easily. The AI/ML technology provides appropriate investment solutions based on the customers’ income, expenses, and behaviors. Data analytics offers investment advice and recommendations by tracking customers’ transactions. Customers can view their transactions in graphical representations such as charts and graphs making git easier for them to understand data.
Case StudyFeatures
Transaction identification- The mobile app supports AI/ML algorithms. It reads text messages to identify any transactions. In case of any transactions, it provides details such as income, expenses with all the particulars like payee, amount, purpose, etc.
Mutual fund investment tracker- Users can manage all mutual fund investments in just a few clicks. It identifies all the investments from a consolidated statement so that the user is not required to enter any information.
Mutual fund recommendation- We’ve added a data analytics feature to recommend investment options to users. It analyzes users’ current investments and provides them with investment suggestions that could yield a higher ROI.
Categorization of income and expenses- Using machine learning, the mobile app collects a large volume of data. The AI/ML algorithm is set to enable the categorization of data and test it as well.
Tech Stack
AI/ML
Android
IOS
