TECH TWISTERS: DIGIFINT(hx022)

[yaminiagrawal05]

Before you start, please follow this format for your issue title:
TECH TWISTERS - DIGIFINT

ℹ Project information

Please complete all applicable.

• Project Name: DIGIFINT

• Short Project Description: One line crisp description of your project
  Digital and easy sharing of citizens financial data in a safe , secure and consented manner.

• Team ID: HX022

• Team Name: TECH TWISTERS

• Team Members: Parul Agarwal @parulagg27 , G Shivani @shivanigangadharan , Yamini Agrawal @yaminiagrawal05

• Demo Link: (https://photos.app.goo.gl/Y77mFKWVYJryCtNK8)

• Repository Link: https://github.com/shivanigangadharan/haXplore

• Theme:

  • Influence the mass, Revolutionize the Smart-World

• Labels: Tech Stack Used:
  - frontend: ReactJS, GraphQL, ReactApollo Client
  - backend: Python, Flask, Twilio
  - Database: SQL(Hasura)

🔥 Your Pitch

Kindly write a pitch for your project. Please do not use more than 500 words

During the process of taking a loan, forgery detection in the official paperwork has been a major concern for many years.In order to eliminate the risk of forging the document by the user or officials, we have come up with the solution named “DigiFinT”. Our approach is to solve the bottleneck problem of data sharing and access in Fintech centre. In the application, the user seeking loan grants permission to the financial information seeker like NBFCs to access the right to user’s private information like bank statements, etc, directly from the user’s bank.

 Target Audience: FinTech Firms and Startups, Banks, NBFCs, account holders, Loan providers.

 Context and Background: Digital exchange of the financial data can become the building blocks for new emerging service models, remove inefficiencies in the system and open up new product possibilities. Therefore regulators have acknowledged that enabling a simplified framework for financial information data exchange has the potential to disrupt innovation in the financial market and may lead to product innovation and better customer service.

🔦 Any other specific thing you want to highlight?

(Optional)

✅ Checklist

Before you post the issue:

• You have followed the issue title format.
• You have mentioned the correct labels.
• You have provided all the information correctly.