Capital Numbers Infotech Ltd.
Software Development Company in India
Software Development Company in India
The client is a financial services company that runs an Android app to help people check their creditworthiness and financial profile. The app assists people with a complete financial health check-up - from CIBIL scores, credit utilization, loan account statuses to Red Flags. It informs people of their repayments and overdue and guides them to remain financially sound.
The client’s vision was to launch a Fintech app that helps track insightful credit reports and CIBIL scores. Capital Numbers was a chosen partner for the job because of its previous Fintech development experiences and a good understanding of the Fintech landscape.
The company turned to us for this Android-based Fintech app that involved the implementation of the following features:
We began the work with an initial analysis of the practical limitations, improvement areas, and credit information sources we needed to consider. We then finalized an advanced tech stack and started moving ahead with the implementations.
We used Figma to wireframe the layout first. Figma helps customize multiple app screens. So, we used Figma to chalk out the wireframe and then proceeded with the code.
We developed the backend using Node.js because it’s highly extensible. As for the frontend, we chose React Native because it allows creating complex UIs and adding modifications during runtime.
We next integrated the i2i third-party API service to extract and show financial data on the app. The i2i API offers excellent credit information by considering 50+ parameters like people’s debt-income ratios, employability, bank account statements, etc. So, i2i was the ideal fit for drawing credit information. However, during i2i integration, we encountered several 503 Errors and ‘Null’ value issues. But we tracked and fixed them all.
In 6 months, Capital Numbers designed, developed, and launched the Android app on Google Play Store. Here’s more on how the app shaped up and the features it offers:
OTP-based Login
Financial Profile Creation
CIBIL Scores
Credit Scores
Red Flag Indicators
Credit Risk Precautions
Loan Status Summary
Paid Subscription Benefits
Credit Intelligence
Bias-free Credit Analysis
