Flamingo’s Financial Management and Forecast App Is Your Way to Future Fortune – EIN News
Flamingo’s Financial Management and Forecast App
Flamingo Tech launches its personalized financial platform helping users to set, track and optimize financial goals based on their desired lifestyle.
MELBOURNE, VICTORIA, AUSTRALIA, December 21, 2021 /EINPresswire.com/ — “We are here to equilibrate financial wellbeing… The financial sector has existed in siloed structures, masking data from the user. We must emerge from these silos and make financial data accessible so that the user can make more informed financial decisions.” says Sana Tayyab, C.E.O at Flamingo Tech Pvt Ltd.
With mounting concern amongst the general public about their financial situation, it’s high time that they are given more control over their finances, expenses, and savings goals with a reduction of reliance on loan money.
Flamingo Tech launches its personalized financial platform helping users to set, track and optimize financial goals based on 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 Commonwealth Bank (CBA) report, Australians’ use of digital wallets increased by 90% after March 2020. It’s expected to become the top payment method in Australia by 2024, while the number of digital wallet consumers will mount to an estimated 4.4 billion globally by 2025. While those figures show the users’ are inclined towards simplicity and convenience in everyday transactions, Flamingo equips every user with the technology to manage and track their own finances. The idea is to empower the users within their means and, then based on their data, make financial forecasting simple and accessible for everyone to create and meet future saving goals.
As Sana Tayyab, CEO of Flamingo Tech, aptly explained during a briefing, “We are here to equilibrate financial wellbeing. It’s important that we recognize that the consumer expects more from their purchase than the simple purchase of products or services. The financial sector has existed in siloed structures, masking data from the user. We must emerge from these silos and make financial data accessible so that the user can make more informed financial decisions.”
Following that vision, the app will be rolled out in two phases. In their first phase of app usage, the users will be able to manage and track their income and expenses with just a few clicks. Users can set and monitor personal saving goals under various categories and achieve basic financial forecasting without any outside professional assistance.
The second phase will involve the use of Artificial Intelligence-led analysis and forecasting, where …….