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.
Corona crisis causes cannabis prices to soar in Berlin
The ban and exit restrictions in Germany are taking effect in stopping the coronavirus pandemic. However, the pressure to prosecute...
Biotech company Evotec is showing strong performance on the stock market
Evotec shares are showing a strong performance, as the price increased by 5.15% this week. The company is expanding its...
The private sector in Algeria on the verge of disaster
The combined effects of the Hirak Movement and the Covid-19 health crisis make companies in Algeria fear the worst in...
AscensionX launched a crowdfunding campaign to build an artificial respirator
The four professionals behind the 3D electronics, modeling and printing studio AscensionX, in Longueuil, wanted to put their skills to...
Public and private collaboration will be the norm as COVID-19 is contained
To reset the economy in 2020, trillions of dollars will be sent to state and local governmental entities. Congress is...
Featured4 days ago
The corona crisis increases demand for loan via Fintech platforms
Featured5 days ago
The Italian FinTech sector is rapidly evolving
Business5 days ago
3 business intelligence trends to watch for in 2020
Biotech6 days ago
Genfit is adapting its activities in accordance to the coronavirus pandemic