Flamingo Tech launches its personalized financial platform helping users set, track and optimize their financial goals according to their desired lifestyle.
MELBOURNE, VICTORIA, AUSTRALIA, December 21, 2021 /EINPresswire.com/ – âWe are here to balance financial well-beingâ¦ The financial industry has existed in siled structures, hiding user data. We need to break out of these silos and make financial data accessible so that the user can make more informed financial decisions. says Sana Tayyab, CEO of Flamingo Tech Pvt Ltd.
With the general public increasingly concerned about their financial situation, it is high time to give them more control over their finances, spending and savings goals while reducing their dependence on loaned money. .
Flamingo Tech launches its personalized financial platform helping users set, track and optimize their financial goals according to their desired lifestyle. The app introduces new waves of innovation in personal finance management, focusing on financial forecasting. Flamingo performs all the complex functions in the background and presents users with a summary of their finances and goals using an extremely intuitive and straightforward user interface.
According to a report by the Commonwealth Bank (CBA), the use of digital wallets by Australians increased by 90% after March 2020. It is expected to become the main method of payment in Australia by 2024, while the number of consumers number of digital wallets will reach approximately 4.4. billion dollars in the world by 2025. While these numbers show that users are keen on simplicity and convenience in day-to-day transactions, Flamingo provides every user with the technology to manage and track their own finances. The idea is to empower users within their means and, on the basis of their data, to make financial forecasts simple and accessible to all to create and achieve future savings goals.
As Sana Tayyab, CEO of Flamingo Tech, aptly explained in a briefing: âWe are here to balance financial well-being. It is important that we recognize that consumers expect more from their purchase than just the purchase of products or services. The financial sector has existed in siled structures, hiding user data. We need to break out of these silos and make financial data accessible so that the user can make more informed financial decisions.
Following this vision, the application will be deployed in two phases. In their first phase of using the app, users will be able to manage and track their income and expenses with just a few clicks. Users can set and monitor personal savings goals in various categories and perform basic financial forecasting without any outside professional assistance.
The second phase will involve the use of analysis and forecasting based on artificial intelligence, where the application will generate user-specific financial forecasts to achieve savings goals, such as emergency funds, l purchase of real estate, retirement funds and any other monetary purpose.
One of the main reasons almost half of existing consumers (48%) use digital wallets is the simplicity of the process. Understanding this requirement, Flamingo has been developed with practicality in mind both in its design and in its operations. Therefore, the app includes a customizable dashboard that summarizes a user’s total income, spending, and progress on their savings goals, all at a glance. The platform is optimized for use on Apple and Android mobile devices and is available for download from the App Store and Google Playâ¦ and it’s free.
As an all-in-one personal finance solution, Flamingo offers the following features:
Personalized Financial Management – Monitor and track every penny that goes in and out of your funds. Budget that fits your lifestyle.
1- Automate savings / financial goals – As soon as your paycheck arrives, let the fixed amounts go to their respective funds. Automating this process saves you the trouble of making deposits and tracking your progress manually.
2- Financial forecast – Be well informed of your financial progress. Take action today to maximize your future wealth.
3- Financial health score – Know your financial health based on your income and savings habits.
4- Positive reinforcement towards personal savings – Get into the habit of saving. Start with our monthly card. Build emergency funds. Reach your financial goals with cash.
5- Real-time feedback on incoming and outgoing funds – Always know where your money is going. Make budget adjustments on the go.