One of the most arduous tasks in finance is budgeting. Right from rent to utilities bills, there will be endless tasks that are money related. Gone are the days when people used to balance checkbooks, but now, there are numerous mobile applications that can basically do the same thing but much faster and better.
Oval is a money management application that makes saving money easier for people who have trouble with managing money and whose financial habits aren’t that great. This app serves as a one-stop place that combines one’s financial spending analysis, saving, and investing.
Oval application was developed to handle the global issues of financial literacy by providing helpful financial tips to users. This application helps users save their time and money by teaching them to monitor their spending habits as well as making savings automatic. In addition to this, the application leverages the community experience in order to make savings more dynamic. With the help of top experts in the personal finance field and behavioral economics, the AI of the app was made to guide the users to develop better spending habits and make frequent contributions to the savings account to secure their future.
Mobile App development like Oval takes detailed planning. In order to stay relevant in the market, you need to become more customer-centric. Below is the feature list that you should focus on to build an app like Oval.
| App Category | User Features | Super-Admin Feature |
|---|---|---|
| App Features | Sign in/Register | Login |
| Onboarding tutorials for app basic understanding | Manage Users | |
| Set your savings and goals rules | Manage users investment portfolio (View, Enable/Disable) | |
| Add your Goals with their due dates and start saving | Add and manage min and max goal limits | |
| Create an Investment Portfolio | Manage Users Budget and Rules (View) | |
| Create your Weekly/Monthly/Yearly Budget | Manage Free Credit Scores | |
| Add Smart rules to invest amount As weekly top-up Round-up Spending categories Earnings | Manage Remainders | |
| Make free Bank Transfers and instant transfers | Manage Payment Status Alerts | |
| Self-cash deposit to your app account | Manage Low Funds Warning | |
| Add your Bank Services and card details | Manage Alerts | |
| Upload KYC | Manage Users KYC (Approve/Reject) | |
| Transfer Money to your connections with users registered with the platform | Manage Transactions | |
| Add Tags/Notes for Transactions | Send Notifications to users for investment related offers or announcements | |
| Receive Reminders and notification on each transactions | Ensure Safety and Security | |
| Check Transaction history | Manage CMS | |
| Track and analyze your savings | Log out | |
| Withdraw required amount using the app | ||
| Multi Factor Authentication | ||
| Spending Alerts | ||
| Read CMS | ||
| Edit User Profile and investment Portfolio | ||
| Notification settings | ||
| Log out | ||
| Cost for application development | $30k to $35k for Both Android and iOS + Web Admin. | |
| Users | Admin | |
|---|---|---|
| Add-on | Recharge and Bills | Verify Documents |
| Offers and coupon codes | Offer and Coupon Management | |
| Scan and Pay with QR code | Manage Recharges and Bills | |
| Freeze your card | Dashboard Analytics | |
| Invite and Earn | Customer Analytics |
Digital payments processes include daily transactions which is more than what most of the popular e-commerce sites do in a quarter. It is therefore extremely important to take care of the protection of these transactions. This could encrypt the transactions using the block chain technology into a shared ledger.
Innovation is the key to the future, and being innovative with your business is the approach you need to go for. We have experienced voice skill developers who will integrate voice skills and help you keep a check on the user's monthly budget with the application.
Transactions can be an exquisite way to evaluate patterns in the purchasing of goods and services owned using your wallets. You can devise reasonably accurate predictive tools with the support of these AI algorithms in place to help you harness the trends in making remarkable offers.
For the successful execution of an app like Oval, you will need a team of professionals involving the following:
Expertise with niche technologies like AI, Chatbots & Voice commands to enable USP feature implementation
Hands on experience multiple concepts requiring card view display: Personal finance, healthcare documents, & e-wallets
Diverse experience in dealing with peculiar user behaviour and custom algorithms
In-house team available for both website and mobile app development
Comprehensive Live support services to manage: system upkeep, devops, & digital marketing
Yes, the app will allow users to make a manual deposit from their savings at any time, to start or accomplish their goals by adding an extra amount.
A record that confirms users current address will have to be uploaded. It is important that the address on your file corresponds to the one you entered during the onboarding process.
User details are verified instantly in the apps but sometimes it may require a maximum of 2 working days for confirmation of identity.
Have an !dea or need help to develop a personal finance management app like Oval?
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