PAISA GENIE
THE ONE-STOP APP FOR YOUR FINANCIAL MANAGEMENT, REDEFINING TIRESOME BANKING FOR BANKS AND THE CUSTOMER
Created on 9th January 2023
•
PAISA GENIE
THE ONE-STOP APP FOR YOUR FINANCIAL MANAGEMENT, REDEFINING TIRESOME BANKING FOR BANKS AND THE CUSTOMER
The problem PAISA GENIE solves
PAISA GENIE REDEFINES INFORMATION ACCESS, LOAN AND INSURANCE PROCESSES, REWARD PROGRAMS, INVESTMENT STRATEGY, AND FINANCIAL PLANNING, EVERYTHING TAILORED TO THE SPECIFIC END USER. IMAGINE HOW MUCH EASIER IT WOULD BE TO MANAGE OUR FINANCES IF WE HAD EVERY SINGLE BIT OF FINANCIAL INFORMATION OF A PERSON CAPSULED ONTO A SINGLE DASHBOARD. THIS WILL HELP THE END USER TAKE KEY FINANCIAL DECISIONS AT A FASTER PACE, WITH ACCESS TO THE COMPLETE DATA. LONG GONE WOULD BE THE QUEUES FOR LOAN APPLICATIONS, WITH INFORMATION SHARING, BANKS CAN INSTANTLY, USING THEIR ALGORITHMS, UNDERWRITE AN APPLICATION IN REAL TIME. INSURANCE COMPANIES CAN ISSUE QUOTATIONS INSTANTANEOUSLY, BASED ON THE USER INFORMATION. IN THIS DATA-DRIVEN ERA BANKS CAN USE INFORMATION TO OFFER CUSTOMIZED INCENTIVES TO THEIR PATRONS, ENCOURAGING MORE USER ENGAGEMENT. OUR IN-BUILT ALGORITHM ANALYZES USER DATA AND TAILORS AN INVESTMENT PLAN SPECIFIC TO THE REQUIREMENTS OF THE USER, PERATINING TO AMOUNT OF RISK AND REWARD SELECTED BY THE USER. THIS ONE STOP SOLUTION CAN BE FURTHER DEVELOPED AND CUSTOMIZED TO INTRODUCE HIGHLY DATA DRIVEN FINANCIAL AND DIRECT BANKING SOLUTIONS TO END USERS
Challenges we ran into
API CHALLENGES WERE SURPASSED USING A TUNNELLING SERVER AND DATA COLLECTION WAS MADE MORE SECURE BY USING KEYS. UI DESIGN CHALLENGES WERE ADVISED BY EXTENSIVE MARKET RESEARCH OF EXISTING APPS AND INTERFACES. DATA ACCESS WAS MODULARIZED BY LOCAL STORAGE SO THE USER IS ALWAYS IN CONTROL OF THE DATA. USER FRIENDLY SIMPLE UX DESIGN WAS ACHIEVED BY FOLLOWING THE 12 UNIQUE DESIGN METHODOLOGY TECHNIQUES
Technologies used