Get Started with your own Mobile App - Android & IOS

FinnSys
23.06.23 10:02 PM - Comment(s)

Creating App is high on the agenda for the fintech industry. Everyone’s thinking about how their business can make use of fintech: digital banking, personal finance, investment apps, blockchain etc... It’s a quickly growing space and companies that don’t embrace technology are going to get left behind. Are you ready to embrace fintech?

What does API stand for?

Creating a mobile app for MF distribution with a focus on portfolio reporting, fund selection, and ease of investments through secured APIs is a great initiative. To enhance customer engagement, here are some smart tricks you can consider while developing your app:

1. User-Friendly Interface: Design a clean and intuitive user interface that is easy to navigate. Make sure the app is visually appealing and provides a seamless user experience.

2. Personalized Notifications: Implement personalized alerts and notifications to keep users informed about important updates regarding their investments, such as NAV changes, dividend announcements, and portfolio rebalancing suggestions.

3. Portfolio Valuation and Performance Tracking: Offer comprehensive portfolio valuation tools and performance tracking features. Provide visual representations of investment growth, asset allocation, and historical returns to help users understand their portfolio's performance.

4. Goal-Based Investing: Incorporate goal-based investment features that allow users to set and track their financial goals. Provide recommendations on suitable funds based on their objectives and risk appetite.

5. Fund Research and Selection: Offer detailed information on mutual funds, including their historical performance, expense ratios, fund manager details, and investment strategies. Provide intuitive search and filtering options to help users find the right funds.

6. Investment Calculators: Include interactive calculators that help users estimate the potential returns, risk, and tax implications of their investments. This can assist them in making informed decisions.

7. Investment Reminders and SIP Tracking: Enable users to set investment reminders and track their systematic investment plans (SIPs) to ensure timely contributions and disciplined investing.

8. News and Market Updates: Integrate relevant financial news, market updates, and expert insights to keep users informed about the latest trends and developments in the mutual fund industry.

9. Secure and Seamless Transactions: Implement robust security measures and seamless integration with payment gateways to ensure safe and hassle-free investment transactions. Emphasize the security protocols in place to instill trust in users.

10. Customer Support and Feedback: Provide easy access to customer support channels within the app. Encourage users to provide feedback, suggestions, or report issues, and promptly address their queries or concerns.

Remember to comply with regulations and avoid presenting your app as a Registered Investment Advisor (RIA) or Direct Plan Advisor. Emphasize the value-added services your app provides, such as portfolio reviews, rebalancing suggestions, and portfolio valuations, rather than focusing on self-help processes that may involve fees or brokerage.

Some important 3rd Party APIs to be used in your MF App

Most of the MF distribution application need following APIs to make it useful and customer friendly :

 

  • NSE NMFII API : For enabling Online transaction in your application
  • BSE Star MF API : For enabling Online transaction in your application
  • MFU Utility API : For enabling Online transaction in your application
  • CAMS E KYC API : For creating Online KYC for new On boardings
  • Advisor Khoj/ Morning Star etc : For presenting scheme wide data and charts
  • PaySprint/ Bill Avenue etc : For enabling PAN card creation, Online payments and other Bill Payments
  • Policy Anchor/ Policy Bazaar etc : For presenting Insurance Quotes and comparison along with Online buying
  • Finnsys 360 API : For presenting complete customer data through RTA feed

How to get these APIs ?

We realised that around 500 features make up about 80% of all software . Our team of experts manage the entire process so you can be sure your software works exactly as you envision. Optimise internal workflows, simplify payment systems, and much more. Predictive fraud prevention Prevent damage to both your company and customers.  State of the art algorithms detect and automatically block unwanted activity. 


Comprehensive logs : When launching any fintech applications you need to store detailed user information. We make it easy to track user actions, device data, and geolocation. 


Powerful data analytics : Our AI can dive into your user data to identify trends you can use to generate greater revenue. Our data visualisation tools make it easy to see exactly what users are doing.


Easy integration : All the services you expect are just a few clicks away. Our no-code solution lets you easily and securely work with other payment and service providers. 


Guaranteed price upfront : It can seem a long, expensive road from your idea to completed software. Not with us. Your price never goes up – if it’s done quicker, you pay less

Can we get Counselling for our App ?

We provide our senior resource for Rs 25000/- one time , for a complete counselling session on the app building. Such session consist of 4 classes and it will help you in creating a sketch of your project. This session does not put you into any obligation to get the mobile application build through us. 


Drop a message in our contact section, we will get back to you for more details. Follow us on your favourite Social Media