Money Insights

Money Insights is a FinTech app development solution that helps users to keep an eye on their financial activities and can give an eyesight like your virtual financial assistant.

services

FinTech App Development

industry

FinTech

duration

5 Months

country

Australia

Project Overview

Money Insights is intended to track and maintain your day to day activities related to your cash flow and It helps you to maintain your budget and improvise your budget plans for future goals.

Challenges

Stock Account

• The challenge was to show users' investments in stock price with profit and loss in real-time.

• Real-time stock data needed to be fetched and displayed accurately.

• Users needed a clear view of their investment performance at any given moment.

Bank Accounts Transaction

• The web app needs to fetch all the bank transaction data that users have linked.

• Users linked their bank accounts to maintain and track their financial data.

• All transaction history needed to be aggregated from multiple bank accounts.

Our Solution

Yodlee API Integration

• After research analysis, the team finalized Yodlee APIs that provide required financial information at the best price.

• The team evaluated Yodlee in terms of Data, Pricing, Scalability, and Reliability.

• Yodlee APIs fulfilled all the required information needs for bank and investment data.

UI/UX Design Optimization

• The designing team determined how all the data needs to be shown to the user with the best UI/UX.

• The key point was creating user experience for users and saving development time for the team.

• Consulted the client on how to optimize the solution based on their requirements.

Cash Flow Visualization

• Client wanted to show the whole Cash in/out flow of all categories and a full year's data at once.

• The designer found references and researched how to fit the data in a single page without any scroll.

• The final solution was presented to the client who felt it was perfect for the user experience.

Features Implemented

Money Insights delivers a complete set of financial tracking and management features to help users stay on top of their finances.

1. Dashboard Reports

On the Dashboard, You can see all your banking, Investments, Expense & Income allocation, Networth, and many more with graphical representations.

2. Future Plans

You can start making future investments and plans by optimizing your current savings and expenses. To achieve your investment goal, it'll help you to get an idea of how much you'll need to save. Based on your current financial situation and from the accounts you've linked, it'll show you insights on your retirement savings.

3. Manage all your Bank accounts

Get the accessibility of all your bank accounts, credit cards etc. at a single place and you can categorize your transactions and make your Money Management effortlessly.

4. Track your Net Worth

Evaluate all your assets and liabilities to understand your net worth in simpler terms. It shows periodically what you have and what you owe in graphical representation.

5. Manage your Budget

It helps you to keep track of your personal expenses by your monthly and yearly budgets in terms of Income, Expense, and Savings to give you an idea of your financial situation.

6. Investments & Portfolio Management

You can keep track of your investments whether it's in property or in liquid assets like stocks and gives you a graphical representation of your profit and loss.

Backend and Web App Technology Stack

Money Insights is built with a modern web stack using React JS on the frontend and PHP (Laravel) on the backend, with Yodlee APIs for financial data aggregation.

Backend

DigitalOcean, PHP-FPM

CICD

Gitlab

Frontend

Nginx, Ant Design, React JS

Database

Open Source MySQL

Technologies

PHP (Laravel)

Yodlee

AWS

SMS , Email

Conclusion

Money Insights provides users with a comprehensive view of their financial life, from bank accounts and investments to budgets and net worth tracking. Built with React JS and Laravel, the platform integrates Yodlee APIs to aggregate financial data from multiple sources into a single, intuitive dashboard.

READY TO BUILD YOUR OWN FINTECH SOLUTION ?

Let us help you design and deliver a financial technology platform tailored to your business needs.

Get a Quote

More Projects

Bounty Board

Reward-based platform for creating, managing, and completing bounties.

Baller

A social networking app for basketball players to search courts, meet players and plan their games.

Alston Explorer

Gamified exploration app showcasing Alston’s history and natural heritage.

Hindeep

Dating app matching users based on personality traits and compatibility.

Gas Drop

On-demand fuel delivery app with tracking, scheduling, and payments.