Fintech, which appeared in Oporto in 2018, has a marked international vocation. The new application is intended to help finance small projects. Portuguese fintech Itscredit presented in Berlin, at Finovate Europe – the world’s largest financial technology fair, an innovative app that aims to support banks’ customers to manage their savings and loans to achieve short-term financial goals, “such as changing cars, going on vacation or renovating their homes.”
For more insight, details, and daily updates, download our Born2Invest mobile application to check and stay up to date with the latest business news in fintech. Our mobile application covers a wide spectrum of topics, such as investments, economies and global markets, trending business news, as well as industry updates on tech, real estate, media, and personal finance.
Genie Advisor fintech application
The app that has been called Genie Advisor, the application combines information on monthly financial availability and the effort rate of bank customers (obtained through an analysis combining personal financial data, the European PSD2 directive, and information from other banks) with their profiles, objectives and recent financial attitudes/behaviors, refers to fintech.
Based on these assumptions, the app presents a forecast of the user’s financial situation which, in turn, will allow the automated suggestion of the best approach possible in the market and covers saving options and tips for use of financing/loans.
More info about Itscredit
Itscredit is a software company focusing on credit solutions and their implementation, with full commitment to this sector. With a specialized team having over 15 years of experience in credit, the company provides a short implementation time and reduced time-to-market to deploy new credit products and integrate other solutions. Being ITSector’s most recent spin-off, Itscredit was created to develop a Credit Platform and integrate it into a unique digital credit software solution.
An app-based on the latest market trends
“Based on the latest market trends, customer feedback, and our innovation strategy, we have developed Genie Advisor, a tool capable of managing the financial life of bank users, helping them to achieve their short-term goals. For banks and financial institutions, this innovation provides considerable efficiency gains, leading to an increase in loan volumes,” said João Lima Pinto, Itscredit’s CEO, quoted in a company statement.
If any bank customer chooses to use a loan, Genie Advisor simplifies the entire bureaucratic process of the operation, allowing them to upload documents online, accept and confirm the conditions of each credit with a simple click. At this stage, the signature of the respective credit will only be pending the receipt of an SMS with a code to authorize the operation.
Finovate Europe fintech event
Taking place in Berlin, Finovate Europe is the European edition of a technology-orientated event focused on the financial sector, which annually unfolds in five editions to be held in America, Europe, and Asia, capturing the attention of the cream of the financial industry on a global scale to learn about the latest solutions proposed by the most innovative Fintech worldwide.
Launched in 2018 as a spin-off of the ITSector technology, Itscredit specializes in software development for monitoring all phases of bank credit. Based in Porto, it has a strong vocation to operate in foreign markets, having already implemented projects in renowned banking institutions, in European clients.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in JE, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
AI could reduce greenhouse gas emissions by 10% in ten years
A Boston Consulting Group survey explains that applying AI to processes with the highest consumption works even after just one...
The demand on the futures markets influenced by speculative selling
Rice was a little lower on Friday and for the week on what appeared to be speculative selling tied to...
Burkina Faso: Japan grants $6.5 million for access to health, education for the most vulnerable children
The grants follow a partnership signed between the Government of Japan, the Japan International Cooperation Agency (JICA) and UNICEF Burkina...
LentiStem seeks more than half a million euros to advance gene therapy
LentiStem seeks more than half a million euros to advance gene therapy. The biotech company has raised $311,000 (€260,000) in...
Our ‘Chart of the Week’ looks at Bitcoin and the new star of the crypto market – Dogecoin
Inflation is on the lips of many market participants who seem to be expecting a repeat of the 1970’s or...