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Hey, finance individuals! My title is Henry, and I’m 21 years outdated. I examine Worldwide Enterprise and Finance on the Universidad de Montevideo, and I’m penning this as a result of I’ve a concrete fintech undertaking that I’d prefer to develop in Uruguay. So, I’m on the lookout for your opinions and help. Let me offer you some context: For the previous few years, I’ve been serving to my mom handle her funds. Not too long ago, I got here throughout a number of bills financed in installments by means of her bank card (in Uruguay banks mean you can pay in as much as 12 interest-free installments in most purchases). Due to this, I wished to know the way a lot of the overall steadiness on the account assertion was being paid attributable to installments and the way a lot got here from present month bills. So, I created a desk that breaks down installment bills in line with the remaining funds (i.e., it exhibits how a lot cash remains to be owed in installments, distributed by month till they’re totally paid off). This enables for higher expense forecasting and monetary decision-making. You’ll be able to see the desk within the picture beneath. The columns present the overall quantity paid in installments every month, whereas the rows break down how a lot stays due in 0 installments (final cost) or in 1, 2, or extra installments. I additionally analyzed the evolution of the account assertion, separating installment bills from non-installment bills, and I created a chart (which requires multiple account assertion to be generated, we’d like the account statements as a result of in Uruguay Open Banking isn’t a factor). I’m presently automating these analyses utilizing Energy BI, and actually, I’m very proud of the outcomes—they’re tremendous easy, instantaneous, and really sensible. Consequently, I began pondering: I’d love for extra individuals to have entry to this type of evaluation as a result of I imagine it has nice potential for private finance. I imagine that, to make this accessible to the general public, I might develop a easy and sensible app or web site the place customers might add their account statements and immediately obtain a PDF with an in depth evaluation of their funds and installments. That’s my concept: to develop an app that presents individuals with an easy-to-understand abstract of their bank card scenario. Now, I wish to validate whether or not that is one thing individuals discover helpful, so I ask you: What do you suppose? Do you imagine this device could be helpful for you or somebody you realize? Would you’re feeling comfy sharing your account assertion for this evaluation? Privateness is the most important problem since I perceive that I’m asking for delicate monetary info, and it’s pure for individuals to be involved about how their knowledge might be dealt with. Nonetheless, solely transaction knowledge is critical, so further particulars like names and credit score limits might be censored. I’m sharing a hyperlink to a Google Drive file with a very primary "demo" of what I think about the report from this future app would appear like (I plan to make use of AI for insights, that is in Spanish): 🔗 Google Drive Demo Any feedback, optimistic or vital, could be very helpful for me to evaluate whether or not this concept is really fascinating and/or possible. So, be at liberty to share your ideas! 😊 If you wish to know extra about me or contact me for any motive, right here’s my LinkedIn: 🔗 LinkedIn Profile Finest regards, and I stay up for studying your ideas! https://preview.redd.it/qtybeq60wjme1.png?width=341&format=png&auto=webp&s=ebca8fe0ccea745219881cd5da73aec6f94fc565 https://preview.redd.it/1yz13o60wjme1.png?width=632&format=png&auto=webp&s=169ced0f7690e3370332a368b2c4466cf4b22ec6 submitted by /u/henry_de_mello |