The problem Financy solves

There is a critical issue of financial illiteracy among underprivileged communities. This pervasive problem often leads to financial instability, debt, and limited opportunities for those who are already disadvantaged. By providing accessible, user-friendly financial education and personalized guidance, Financy empowers individuals to make informed decisions, manage their finances effectively, and ultimately break the cycle of poverty. Through its innovative use of AI and machine learning, the app tailors its content and recommendations to each user's unique financial situation, ensuring that it delivers the most relevant and effective financial education.Financy goes beyond education, offering step-by-step guidance on opening bank accounts and accessing government assistance programs, ensuring that underprivileged individuals can access essential financial resources and opportunities for a brighter future.

Challenges we ran into

We encountered a few challenges, such as ensuring the app's compatibility with diverse mobile devices and internet connectivity limitations in underserved areas. We also had to continuously fine-tune our machine learning models to provide the most accurate and helpful guidance.