The problem Finovatech solves

Problem : Many struggle with managing finances effectively.
Balancing income, expenses, investments, and savings is overwhelming.
Lack of financial knowledge leads to suboptimal decisions.

Explanation : Lack of financial knowledge can lead to suboptimal decisions because individuals may not have a clear understanding of how to effectively manage their income, expenses, investments, and savings. Without the necessary knowledge, they may make uninformed choices, resulting in financial instability, missed opportunities for growth, and an inability to achieve their long-term financial goals.

Solution: Our solution is Personal Finance Management, aimed at simplifying financial management for individuals. We offer expert guidance and provide tools to help you navigate the complexities of managing your finances. Our services cover essential areas such as budgeting, investment strategy development, risk management, and setting financial goals.

1. Experienced portfolio managers dedicated to optimizing your investments.
2. Robust online banking platform for easy and secure financial management.
3. Personalized financial education tailored to your unique needs.

Challenges we ran into

The major challenge we faced was to make a good business model , covering

1. Model Overview
2. Revenue Model
3. Customer Acquisition and Retention
4. Future prospects for maintaining the user database, revenue, and resources.

The next obstacle was to incorporate the backend by making API calls and managing data in order to present the portfolio page. This task entails efficiently retrieving and processing information from APIs, structuring and designing the portfolio page to ensure optimal functionality, and implementing robust security measures to protect user-specific JSON data.