Document 8
Document 8
2023-24
Budget Tracking: Develop features for users to set budgets, track expenses, and
receive alerts when they exceed budget limits.
Marketing and User Acquisition: Develop a marketing strategy to attract and retain
users, including strategies for reaching users interested in financial services.
Investment Tools: Incorporate tools for users to research, analyze, and manage
investments, including stocks, bonds, and other assets.
INTRODUCTION
In an ever-evolving digital era, the demand for secure, user-friendly, and feature-
rich financial applications continues to grow. The creation of such applications
requires a strategic blend of innovative technologies and a deep understanding of
the financial sector. This is precisely where our Finance App, built on the MERN
stack (MongoDB, Express.js, React, and Node.js), steps in.
Our Finance App is designed with the primary goal of providing users with a
seamless and comprehensive economic management experience. Whether it is
tracking expenses, managing investments, setting budgets, or staying informed
about the latest financial trends, our application is built to empower users to take
control of their financial well-being.
Through this endeavor, we aim to make financial planning and management
accessible and convenient, helping users secure their financial future with
confidence and ease.
PROPOSED TECHNIQUES
RESTful API: Use a RESTful API architecture for communication between the front-
end (React) and back-end (Node.js), enabling efficient data exchange.
JWT (JSON Web Tokens) for Authentication: Employ JWT for secure user
authentication and authorization, ensuring that user data remains protected.
Cloud Hosting and Scalability: Host the application on cloud platforms (e.g., AWS,
Azure, or Google Cloud) to ensure scalability and availability.
PERT CHART
PHASES
1. Project Initiation
Objective Definition: Define the project's goals, features, and
objectives.
Team Formation: Assemble a team of developers, designers, and other
necessary roles.
2. Requirements Gathering
Market Research: Analyze the target audience, competitors, and market
trends.
User Stories and Use Cases: Create user stories and use cases to document
the app's functional requirements.
3. Design
User Interface (UI) Design: Create the app's visual design, including
wireframes, mockups, and user interface elements.
Database Design: Plan the app's database structure, defining tables,
relationships, and data schema.
4. Development
Front-End Development: Build the user interface and implement user
interactions using React.
Back-End Development: Develop the server-side logic and APIs using
Node.js and Express.js.
Database Implementation: Create and set up the database using MongoDB
or a suitable database system.
5. Feature Development
Transaction Management: Implement features for transaction tracking,
including deposits, withdrawals, and transfers.
Budget Tracking: Develop tools for budget setting and expense tracking.
6. Deployment
Project Manager:
A project manager to oversee the entire project, set goals, create timelines,
allocate resources, and ensure that the project stays on track.
UI/UX Designers:
Graphic designers and user interface/user experience (UI/UX) designers to create
an appealing and user-friendly design.
Finance Experts:
Financial advisors or experts who can provide input on financial planning features,
investment tools, and market trends.
REFERENCES
1 https://herovired.com/learning-hub/blogs/mern-stack-
preferred-solution-for-fintech-apps/
2. https://dev.to/sandeep_modi123/build-a-fintech-app-using-
the-mern-stack-31b0
3. https://www.upgrad.com/blog/mern-stack-project-ideas/
THANK YOU