Product launch

An AI-Based Personal Wealth Management App for IIFL’s Customers

October 16, 2020 Dallas, USA

Our mobile banking app development specialists created a customer-friendly app that can help customers manage their incomes and expenses. The data offers a sturdy base to all industries and the digital world has the power to utilize data optimally through analysis.

IIFL is a pioneering financial institution in Asia-Pacific region and they wanted to reap benefits of digitization and data analytics. Based on their request, our team created an app that helped customers to track their finances precisely.

Our experts implanted an AI-based algorithm to fetch customer information and informed them about their financial activities. Customers can view their activities in graphical representation such as charts or graphs on the dashboard. They can know about daily, monthly, and yearly status of their income and expenditure.

This app not only helped customers to track finances but also recommended them to invest wisely. Based on their current financial position, the app suggests customers to invest in mutual funds, equity, and other alternatives.

The app utilizes data analytics to recommend right investment solutions to customers. This app acts as a digitized portfolio manager for customers and notifies customers about the risk involved in any particular investment that they are recommended.

“We’ve been associated with IIFL for a long time now. Our unusual fintech combination has produced exceptional solutions in the past and we plan to continue it in the future as well. Our advanced technological vision helped us to develop a futuristic app that can assist their customers to track and optimize their wealth fruitfully,” said Mr. Chintan Shah, CEO of Brainvire.

Our team is also in the process of linking different banks to the app, which will help customers upload their monthly statements easily from different banks. Customers can obtain accurate status of their financial position. Based on this amalgamation of information, the app can notify their major expenses, incomes, and then suggest lucrative investment plans.

Incorporating intelligent technologies such as Machine Learning and Artificial Intelligence assured that customers gain quick and accurate analytics and suggestions.

About Brainvire

Developing solutions with innovation, usability, and efficiency, Brainvire is one of the top IT consulting firms. With over 20 years of experience and more than 800 employee strength, it strives to create a difference in society through technology. Having delivered over 1500 projects to its clientele spread globally, it has endured a 95% customer retention rate. Brainvire offers exclusive consultancy services such as Business Intelligence, Digital Marketing, Cloud ERP, CRM for E-commerce, etc. for diverse industry verticals while keeping customer satisfaction as its top priority.

It has earned many accolades such as ‘Top IT Services Firm 2020’, ‘Top Mobile App Developers 2020’, and ‘Top E-commerce Developers 2020’ by Clutch.

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