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Itscredit is developing an app for short-term financial goals

Software company Itscredit specializes in the development of credit solutions and their implementation which strives to improve the credit process from the simulation all the way to the disbursement. The company is developing an app for short-term financial goals called Genie Advisor. It is a tool capable of managing the financial life of bank customers.

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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.”

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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.

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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.

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(Featured image by Christiann Koepke via Unsplash)

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Desmond O’Flynn believes in minimalism and the power of beer. As a young reporter for some of the largest national publications, he has lived in the world of finance and investing for nearly three decades. He has since included world politics and the global economy in his portfolio. He also writes about entrepreneurs and small businesses, as well as innovation in fintech, gambling, and cannabis industries.