Tag Archive: mobile app

Insights about Moneyfrog.in Mobile App and App users

Mobile-app-insights

We were recently contacted for answering fin-tech questions related to Mobile apps. Below are questions answered by our  Founder & CEO- Manoj Chahar.

1) How many of your users (percentage terms) use the app?

Moneyfrog Mobile-App is used by all our customers (100% usage), averaging once a week, with count going higher per week, whenever the market is volatile.

2) Do you see the app usage increasing in coming times?

YES. With changing lifestyle and increased smartphone penetration, the Mobile-App’s will take precedence over web& human-touch. And with smart functionalities like alerts, reviews, notifications, advisory chat & many more new-age features, usage will only multiply. For instance, chat-bots will supplement human-touch for mundane tasks.

3) What are the benefits of investing through the app as against on the web?

None. Investing (execution – buy/sell) thru Mobile-App is a fad or just a marketing gimmick. One needs to understand, investing is unlike buying a smartphone thru e-commerce sites, or even need based financial products, like insurance (term/car) or loans.

Mobile-App complements (or adds value) to the investment account, thru the value-adds like funds tracking, alerts, notifications, advisory chat, reviews etc. Also investing in Mutual funds (buy or even sell) is a one-off process, which is like once (or few times) in a year. Therefore, execution services thru Mobile-App is just not an attraction, it’s one of the features. (more…)

August 8, 2018 FAQ, , , , 0 Read more >

Online Financial Planners: How Do They Work?

How financial planners work

Even though consumers have been using online banking and mobile applications for years, the concept of online financial planners like Moneyfrog.in is still new. In comparison to a traditional face-to-face financial planning relationship, how do online financial planners work?

Online financial planners allow you to:

  • Develop plans for your finances that are comprehensive enough to include every aspect of your life from buying new home, child education, insurance, long-term investment management, spending trends, and retirement.
  • Analyse your debt, understand how debt management works, and develop a plan to pay down debt.
  • Access finances at any time. You don’t need to make appointments with a financial planner, or schedule an office visit plus travel time.
  • Analyse your financial situation and run scenarios to cover “what if” questions about your financial future. You can change your financial plan at no extra cost.
  • Keep your information private. Unlike a traditional financial planner, no one else needs to see your personal information, and you can rest assured your information is stored securely.
  • Run quick reports, and understand them easily.

(more…)

July 26, 2015 Financial Planning, , , , , , , , , , , 0 Read more >