CREALOGIX wins third award in a row and catches the eye of audience with visual financial simulation app

14 February 2019

More than 1,500 banking technology professionals voted CREALOGIX TimeWarp a “Best of Show” product at this year’s FinovateEurope in London. The intuitive simulation visuals of the app enable customers to understand the consequences of financial decisions before they are made. With this insight tool, users not only keep track of their past and current financial situation, but also are for the first time in the position to manage their finances prudently. It is the third award in a row taken home by the leading digital banking software provider.

On the second day of FinovateEurope, the internationally renowned innovation conference for financial technology, innovators from over 60 leading fintech companies took to the stage on 13 February 2019 for their live demos. The event format requires presenting new solutions to a large specialist audience in a demo lasting exactly seven minutes without any supporting slides or video. The prestigious “Best of Show” awards go to companies with the most votes from the audience. For the third time in a row CREALOGIX, which presented its new financial simulation app “TimeWarp”, was among the winners.

In science fiction, time warps allow people to move into the future as a trial to see how planned actions would affect them. This concept was the basis for CREALOGIX’s new creation. With the TimeWarp app, designers at CREALOGIX’s Innovation department WowLab have improved personal budgeting with a pioneering user concept. The App’s users are empowered to make better decisions by checking any financial scenario with a journey through time. Thanks to advanced business intelligence technology, the service takes advantage of open banking: users can pull in their actual data from a variety of different providers, including bank accounts, insurances, savings, and loans.

The app enables bank customers to get an insight into the possible outcome of their financial decisions before they make them. It uses straightforward visual flow illustration to reduce the complexity of today’s spreadsheet representations. These simulations give a tangible personal financial overview and make the impact of spending, saving, and borrowing decisions stand out. The interactive banking application is simple, intuitive and offers a seamless user experience.

“The future of banking lies in new and delightful user experiences. With CREALOGIX’s TimeWarp, financial institutions can provide customers with unique way of looking at their personal finance management,” says Marc Stähli, Senior Vice President Global Sales at CREALOGIX. “Thanks to the app, users can make more informed financial decisions, with the bank’s offers always tailored to their personal circumstances and objectives. This is just one of a large range of creative options open to banks to offer significant axdded value to their customers and further improve their relationship with them.”
 

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