Introduction

Project FinAI is a mobile application that uses artificial intelligence to provide personalized financial advice. It helps users make informed decisions about their spending and savings.

Key Features

• Expense Tracking: Automatically categorizes transactions and provides spending insights.
• Budget Planning: Suggests budgets based on user income and spending patterns.
• Goal Setting: Helps users set and achieve financial goals with actionable recommendations.
• AI Chatbot: Provides real-time financial advice through a conversational interface.

Technical Insights

• AI Models: Built predictive models using TensorFlow to analyze spending patterns and forecast future expenses.
• Backend: Developed a Flask API to handle user data and integrate AI functionalities.
• Mobile App: Created a cross-platform app using React Native for iOS and Android.
• Database: Used MongoDB for storing user data securely and efficiently.

Challenges and Solutions

• Data Privacy: Implemented encryption and anonymization techniques to protect user data.
• Accuracy: Trained AI models on diverse datasets to improve prediction accuracy.
• Integration: Ensured seamless integration of AI features with the mobile app.

Outcome

Project FinAI was launched on app stores and received positive feedback for its user-friendly interface and accurate financial insights. It helped users save an average of 15% on monthly expenses.