Inspiration
Financial literacy is important to all yet not intuitive. Sunlife's challenge spoke to our team, and we figured it was at a good level for our members. Our app strives to visualize the impact of inflation on mortgage rates.
What it does
InfluenSmart is an app that empowers clients by visualizing mortgage rates and the impact of inflation.
How we built it
We utilized a MERN (MongoDB, Express.js, React.js, Node.js) stack to build our solution. Our development journey involved integrating MongoDB for data storage, Express.js for server-side operations, React.js for building an intuitive user interface, and Node.js for efficient server-side scripting. This cohesive MERN architecture allowed us to create a robust and responsive platform.
Challenges we ran into
One of the main challenges we ran into was understanding the math behind the mortgage rates, as none of us were in the finance field. Thankfully, with the help of tutorial videos, chat-GPT, and a fellow coder in the finance field, we came to better understand the formulas behind mortgage rate calculations.
Accomplishments that we're proud of
We're proud to turn our seemingly simple idea into reality. This wasn't just a coding experience but also a conceptual math challenge. Expanding the app to support more calculations and visualizations has the potential to help customers make better financial decisions.
What we learned
The project deepened our understanding of the financial domain which was an enlightening aspect of this journey.
What's next for InfluenSmart
The potential for expansion of InfluenSmart beyond the hackathon is vast:
- Visualize data for other expenses such as car payments.
Log in or sign up for Devpost to join the conversation.