A London-based FinTech startup named Cleo which has taken AI to heart and developed a money management app which works fully on AI-enabled chatbot. How? Let’s find out.

In this blog, you will get to know,

• What is Cleo?
• How does Cleo work?
• How Cleo provides bank-level safety?
• Roles of AI technologies and AI-enabled chatbot in the FinTech app.
• How much does it cost to develop a FinTech app like Cleo?

What is Cleo?

Cleo is the London-based FinTech startup which was founded by Aleksandra Wozniak and Barnaby Hussey-Yeo in 2016. It provides the AI service which tracks and manages the money. By using the AI feature of the Cleo through the Facebook messenger, and other communication channels like text message, Amazon Alexa and Google Assistance, user can simply ask the questions related his recent payments and bank accounts and Cleo’s AI-enabled chatbot presents the details of user’s spending, broken down by category, transactions, and merchant. To make users feel that they are talking with humans and not with a chatbot, Cleo’s chat window shows different emojis and GIFs and adds humor. This step of Cleo is very appreciated in the FinTech industry where everything is unexciting!

Cleo also offers Cleo Wallet to the users and recently, Cleo has launched their own app to eliminate the dependency on the Facebook messenger.

Cleo claims that they have successfully acquired 1.3 million users who have performed 5 million-plus transactions. With its new funding round which was led by Triple Point Capital, Cleo will now aim to expand its business reach in the USA where Cleo had already commenced its service last year. Cleo’s decision to enter the capital of the FinTech industry was noteworthy as Cleo has acquired around 6,50,000 users of the USA.
 

How does Cleo work?

 
Cleo asks users to add the bank details which Cleo analyses in read-only mode which means Cleo can only view the encrypted data. However, to fetch payment and bank data, Cleo hasn’t developed own module. Instead, it uses a top financial software called SaltEdge. Cleo now employs its AI brain to scan the transaction history, and to spot spending trend and user habit. For example, if a user asks how much he has spent at Sainsbury’s, Cleo replies to him the detailed spending report.

How Cleo makes sure the safety of users’ sensitive information?

 
Developing a safe FinTech app is a challenge for both FinTech startup and FinTech app development company. But Cleo claims that their app is extremely safe and secure. Because of Cleo’s read-only method, no one can withdraw money from a user’s account, except the user himself. They have also revealed how they access user’s transaction history. To avoid the data breaches, they never save the credentials of the users on their servers and they encrypt all remaining data like transaction history and personal information.
 

Features of the Cleo app which you need to know before going for FinTech app development for your FinTech startup

• Users can connect securely to their bank accounts.
• User can ask the questions related to their bank accounts and spending by typing and even by voice command.
• App’s inbuilt chatbot answers the question of users within no time. It also uses smileys and GIF to make the conversation interesting and user-friendly.
• App gives all updates of the user’s bank account.
• User can set the budget.
• The app presents most of the information in the graphical format so that users can understand the trend easily.
• User can apply several filters on their spending report.
• User can refer the app to his friends and earn up to $5.

That one next-gen feature of Cleo which helps them to make money.

Cleo analyses the payment activity per category for every user. So, when a user pays for the same category to a service provider and the price he is paying is higher than what other users are paying for the same category, Cleo suggests user to try another service provider. If the user follows Cleo’s suggestion and tries another service provider, that service provider pays Cleo.

From the following image, you can clearly understand how Cleo makes money by saving the user’s money.

After reading so far, it is safe to assume that you are now aware of the core element on which Cleo works with awesomeness. So, now let’s discuss what is a chatbot, why you need to ask FinTech app development company to accommodate it in your next FinTech app and how Coruscate can help you?
 

What is a chatbot?

 
A chatbot or intelligent banking assistant is a computer program which is developed with AI technologies to conduct a real-time conversation with users via the auditory or textual method.

The sophistication of mobile technology had already started helping us to exchange and authenticate the transaction without human involvement. However, during the relationship-based interactions, a present of a human has always been an unalterable need. But with the advent of a chatbot, all tech giants have started putting emphasis on a chatbot that doesn’t make users feel that they are talking with a module. The current generation of Chatbot we are experiencing is capable to schedule meeting, book the cab and many other resource-sensitive tasks.
 

Why you have to add chatbot in your FinTech app of FinTech startup?

 
An AI-enabled chatbot can be your finest investment as it helps you to deliver excellent customer service and it eventually boosts your sale. Following are some more examples of how as a FinTech startup, you can derive the benefits from the chatbot.

• A chatbot works round the clock.
• It replaces a team of customer executives which means you can now save a few bucks.
• It studies the customer preferences and remembers it. It treats every customer individually.
• It organizes the advertisement campaign and cross-sells efficiently.
• It responds instantly to any query of users.
• It responds in easy-to-understand text and images.
• If needed, it can talk with customers in a different language too.

How does a chatbot work?

Image source: https://www.pwc.in/

How much does it cost to develop a FinTech app for FinTech startup?

 
Coruscate is top FinTech app development company, which develops startup ready FinTech apps. In fact, we have developed several FinTech apps and entertained many FinTech app development related queries. Our trained developers and designers build the next-gen app by utilizing the skills they have earned while working in the most challenging industry. We will not only build the FinTech app, but we will integrate features like Cleo so that you can dominate the market quickly. We have already completed successful API integration with Nordic banks and so, we can now develop a FinTech app within 45 to 55 days and under $10k. To know more about the features and ask for a free demo and consultation, visit our FinTech app development page. We will keep your FinTech startup alive even in the apocalypse!

The post Develop FinTech app like Cleo : AI-enabled chatbot can keep your FinTech startup alive even during apocalypse appeared first on Coruscate Solutions.

Staying online for uninterrupted communication has become an essential part of our everyday lives. Apps like Snapchat, Whatsapp and Facebook messenger have exchanged the position of text messages and social media pages. It is much easier to chat without clicking a social network page. Building a Snapchat clone can be a great move to big it big in the world of chatting apps.

Today we see the tons of popular multimedia messaging apps thriving in the tech world and they are powered every day with some new feature as an add on. Therefore, if you wish to create your own app like Snapchat, you have to carefully pick up the features which you need to add to make sure you have something interesting for your target audience.

To build similar apps like Snapchat, it is required to learn about this mobile messaging application inside and out. In this blog, we’ll explore the ways to create an app like Snapchat along with its features.

Snapchat was founded by Evan Spiegel and Bobby Murphy in 2011. It was the era when the three main giants – Facebook, Instagram, and Twitter commanded the digital space. The founders had launched something very similar to what was trending in those days, and hence there was a great risk involved. They wanted to include something that was not common and would interest their target audience. This is how they came up with the Snapchat filters.

Today, Snapchat is available in 8 new languages. It supports Filipino, Gujarati, Hindi, Malay, Marathi, Punjabi, Vietnamese, and Urdu.

Their innovative idea of self-destructing photos was much liked by people and it became a huge success. The new app succeeded to match the strengths of all three social network pioneers and created something completely unique.

Snapchat is a multimedia messaging app that allows the fastest way to share photos, videos and live stories around the world. Users can take photos, shoot videos and add a caption, make filters or even drawings.

The specific security mechanism is built in such a way that the photos and videos destroy automatically within a few seconds. The security feature is kept in mind as this messaging app is extensively used among teens. The app is kept updated from time to time with new features looking at the usage by young demographic.

It is found that teenagers prefer visual communication to texting and because of that, Snapchat has become much popular among them. Snapchat’s growth from a conventional messenger into a private messaging space is really impressive.

Furthermore, the Snapchat app appeared with some great new updates such as Discover and geofilters as a part of their monetization strategy.

To develop apps like Snapchat, you need to consider its top features that are responsible for the app’s growing demand and popularity.

Consider Top Features of Snapchat Clone App

If you are interested to build an app like Snapchat, you must learn what features it offers, so you’ll know what your Snapchat clone app should cover. Below are the Snapchat features.

The most required feature you should consider while developing a Snapchat app is the ability to click and send pictures and videos that self-destruct in a few seconds.

There are a variety of filters, text captions, and drawings available for photo/videos editing.

Lenses are the most attractive Snapchat feature, after snap sharing of course, which is usually a goofy animation that users can overlay on the top of their photos. The Lenses feature is really a significant feature of this app.

Geofilters are related to the originals. Users can overlay a design onto a picture or video which is shot in the Snapchat app, but what makes them different is that they are only accessible in different locations.

The Snapchat app has introduced new ways to add your friends to your profile. They use personalized QR codes that users can easily scan with their camera to start following other friends. They are usually described as Snapcodes.

They even have friendship profiles saved for each special friendships where the users can find the moments that they have saved together.

Snapchat is not just a snap sharing app. It has a lot more than even the regular messaging. Snapchat could not overlook the use of stickers, so they included a lot of stickers within the updates.

Snapchat allowed the users to make audio and video calls on an app in one of the updates. The main attraction towards this is the ability to stay on a call and send photos at the same time. Apart from this, users can create small audio and video clips which they call notes.

A story on the Snapchat app is a snap that is distributed to all followers which that they can see as many times as they would like for 24 hours. Snapchat users can see their viewer too. Snapchat also allowed its users to jump straight to their next friend’s Story by only swiping left in a story in one of the updates. And once a story completes, the next one from the list automatically starts.

So, if you are on a research-phase on how to develop an app like Snapchat, then you must consider adding Stories to its feature list.

Discover is a nice feature which keeps you up-to-date on the latest news, the sports, celebs and even your friend’s movement with Discover! You can watch your followers’ stories, publisher stories, events and much more that is happening around the world.

A new feature to aid in-person meetups has been launched by Snapchat that gives the teens another shot at experiencing the Foursquare era. The app is testing an option to share a Bitmoji to tell what you are doing at a certain place. For example, using this Status option, users can show a little avatar of them playing video games or watching TV. These activities will be compiled in a private diary called Passport.

This fixes the location issues in Snap Map and other check-in apps. Snapchat Status feature conveys what you are up to and what your intention is to let your friends know if you are free or busy with something else even if you are nearby.

Click below to get free Snapchat clone app demo.

Free Demo

Cost of building an Snapchat Clone App

If you are planning to create an app like Snapchat, you would like to know the cost of development for such an app. However, the cost of development for any application depends on two major factors- time required to build the app and the features to be included in the app.

At Coruscate, we believe in welcoming innovations to the world. Imbibing the exact same features of Snapchat in your application will somehow not make your app rank in the app store and there are possibilities that it might even fail. However, once you have made up your mind and have a rough idea about the app like Snapchat that you wish to build, you can connect with us to get a free consultation to validate your idea.

Our research team will guide to with the best possible and unique features that you can include in your Snapchat clone to make it stand out for your target audience. Our expert team of developers can design an out of the world app that can take your business to the absolute top of the competition. We have a record of 100% success in all our endeavors. We keep digging deep into the scope of each app that we design and come up with the best results for all our clients. Contact us to know more about how can we help you in generating more revenue and give new wings to your business.

Free Estimate

The post Snapchat Clone App/Script : How Creating a Multimedia Messaging App Like Snapchat Can Help You Earn Good Money? appeared first on Coruscate Solutions.

• In most of the chatbots, the developers instill some kind of Artificial Intelligence, which helps the chatbots connect with the humans, and answer their queries

• The second ingredient that is most important for chatbots is the NLP.

However, you don’t need to be an expert with any of these. If you don’t add AI flavors to the chatbot, your bot will still function nicely and help you in ways you are looking at it. To add NLP, you can easily use the NLP library and add essential buttons and UI to the chatbot.

Let’s step into the actual creation of the chatbot for any messenger or other service.

Chatbot development with Node.js for messenger services

The chatbots that have been developed for Facebook, Slack and Telegram, have made the very word bot very popular among the developers and companies.
Create the project folder

The first step to creating a chatbot with Node.js development services for any of the messenger is to create the project folder in Node.js. You should also create the index.js file along with the project folder. Once the folder is created, go to the folder from terminal and create the package.json with the help of init, and install the various modules required to it. The modules will depend on the service for which you are creating the chatbot and the file needed to get the OG data for the messenger. In general firebase is used to collect the OG data for the messenger or the application for which you are creating the chatbot.

The firebase is also being used to store the data that you will be collecting; hence, you need the firebase module as well.

Creating a new bot

The app market is flooded with tools that make it easy for you to develop the chatbots using Node.js. BotFather is the telegram API, which can be installed to the bot app you are creating for the messenger. Similarly, there are app APIs that you will need to use in order to get the data for the application. The creation of the new bot becomes easy as a result.

There are several other Bot builders too like Claudia, which help initiate the bot building process for the different applications. Claudia is specifically used for the different messenger apps such as Facebook messenger chatbot, Telegram etc.

How do these bot builders and API apps for the particular application help? They take care of the boilerplate code and the common tasks required from the bot infrastructure. In short, using these apps, you wont be wasting a single minute in creating the boilerplate code or the code for repetitive tasks and tasks common to all apps in a particular niche. You just need to concentrate on coding the chatbot app that you are planning to devise.

Now that you are aware of the first few steps that you need to take, let’s begin digging into the actual development process for the app.

Add the modules

Remember the folder we created at the beginning. Now, it is time to add the modules to these folders. The require() function needs to be used to add the modules to the Node.js project folder. You should add the functions to the index.js file.

Once done, you will need to use the token that you generated while creating the bot using the bot builders, to store all the information available regarding the bot. This will remain constant in the files.

At this point, you will need to replace the constant “your-token” with the actual token generated by the bot for the bot to connect and communicate. This new constant for the bot connects with the API for the particular app that you are creating the chatbot to create the new bot object.

Now that you are done with the basics, let’s get the chatbot to do what we really want it to do, i.e. communicate.

For this, you will need to instruct it to react in a particular way for the event you will be generating. For instance, every time someone comes to the page, the bot is supposed to say something to the user. The moment the person shows up on the web page or application, there is a need for a reaction from the bot. the person showing up is the event that triggers the reaction for the bot, which you will be coding.

The following code has been taken from Github. It is the code that will help trigger a reaction from the bot. It also shows how to add BotFather to the code and other details that we have talked of in this article.

const TelegramBot = require(‘node-telegram-bot-api’);

// replace the value below with the Telegram token you receive from @BotFather
const token = ‘YOUR_TELEGRAM_BOT_TOKEN’;

// Create a bot that uses ‘polling’ to fetch new updates
const bot = new TelegramBot(token, {polling: true});

// Matches “/echo [whatever]”
bot.onText(/\/echo (.+)/, (msg, match) => {
// ‘msg’ is the received Message from Telegram
// ‘match’ is the result of executing the regexp above on the text content
// of the message

const chatId = msg.chat.id;
const resp = match[1]; // the captured “whatever”

// send back the matched “whatever” to the chat
bot.sendMessage(chatId, resp);
});

// Listen for any kind of message. There are different kinds of
// messages.
bot.on(‘message’, (msg) => {
const chatId = msg.chat.id;

// send a message to the chat acknowledging receipt of their message
bot.sendMessage(chatId, ‘Received your message’);
});

Once you have written the code for the chatbot, worked on all the possible events that will trigger the chatbot to say something, and then developed the code part, then it is time to test your code.

For testing a code on Node.js, you simply need to go to the terminal and run this command:

» cd your-project-folder
» node index.js

once you run this command, the bot project will be run, and you will know exactly how it behaves and whether or not it is running perfectly.

After testing, you realize that the chatbot is working perfectly. Next, you want the chatbot to be able to function as a storage for your bookmarks. For this, you will need to connect the bot to the database. Firebase is ideal if you are want a cloud based database for your application. To add Firebase, you simply need to sign in to your Google account, visit the Firebase console, add project, name it and follow the steps mentioned. In minutes, your project is ready to go, and you will be taken to the dashboard on firebase for your project. There is database along the left side of the dashboard, click on it to create a RealTime database, and start it in the Test Mode. You can now add the Firebase to your web app. You can keep a check on the project using the project overview.

Test the database connected to the chatbot before you proceed. If you find everything is normal with the database, then you can step into deploying the chatbot.

If you want to develop a chatbot for your application or, have a node.js development idea, connect with Coruscate via email or phone. We will help you with not just setting up the chatbot, but also personalizing it for your specific needs.

The post How to Develop a Chatbot with Node.js? Why you should Hire Node.js developer? appeared first on Coruscate Solutions.

Every other day, the app store is filled with some new application. The user becomes frustrated when it comes to an app occupying the memory space in their mobiles. People are searching for an alternative to messaging apps that they are using for their business. A chatbot is the newest way to reach your target audience. They have become extraordinary popular amongst the business owners.

Have you ever experienced a skeptical ‘person’ chatting with you in customer support live chat? Can you imagine that ‘person’ to be a robot? We have seen some endearing stiff robots in movies that are stuck with some painfully restricted emotional range. They even hope in vain to attain some more humanity.

Well, chatbots sound almost like humans. But their speech is somewhat awkward and the tempo is quite off. But believe it or not, chatbots are in for a long haul. They have been in starlight due to dramatic advancements in machine learning and other technologies. Today’s chatbots are even smarter, responsive and useful. And there is no doubt, we are likely to see more and more of them in the coming years.

Chatbots are offered to visitors either through web-based applications or mobile apps. Mostly, chatbots are being used in customer service space. They are presented as little humans for the Tier-1 support operatives and customer satisfaction representatives.

The chatbot technology needs the support of natural language processing or NLP. This NLP forms the basis of voice recognition systems used in developing virtual assistants. These chatbots process the text that the user inputs, through a process called parsing. There is a complex series of algorithms which helps them identify what the user said. On inferring the exact need of the users, the chatbot then determines a series of appropriate responses for the query.

Some chatbots offer much realistic conversational experience. It becomes difficult to identify if the chatbot is a real human or a robot. Others are much easier to spot. It all depends on how perfectly you use your technology.

Other than customer service, chatbots can prove helpful in healthcare, gaming industry, social service and much more.

Healthcare:

A chatbot has been developed for Dementia and Alzheimer’s disease patients. As these patients suffer from memory loss from time to time, the chatbot aims to identify a deviation in conversational branches and helps with immediate recollection. Endurance has provided a cloud-based solution where physicians and family members can review communication logs taken from the bot to check the patient’s condition.

Casper is another chatbot which helps the insomniacs get through the night. As they are unable to sleep, there are chances of loneliness leading to depression. Casper keeps company with the people to avoid them catching serious health illness.

Gaming Industry:

The gaming industry is highly benefited by the chatbots as they make the games more interesting and provide user experience of the next level. A few examples of such chatbots are Disney and Marvel.

Social Service:

Chatbots in UNICEF are helping marginalized communities be heard.

Coruscate has developed a Skype-based chatbot for a restaurant business. The bot was intelligent enough to understand the customer queries and could attend the customers 24*7 without being tired or irritated (as it was not a real human). But it could provide great customer experience. It could even generate leads for our customer.

You can find out the functioning of the chatbot in detail here.

There are many other benefits of using chatbots for your business. To know more about the recent trends and how to improve profits in business, Click on below link it might interest you.

AI Based Chatbots to Improve Business Profite

If you have an idea to build a chatbot for your business, you can give us a call or get in touch with us through contact form. We provide free consultation and unique solutions to all your technical problems.

The post Build AI-Powered ChatBots for Your Business Chatting Applications appeared first on Coruscate Solutions.

Squad, whose CEO is Esther Crawford, launched its app last week. It has raised about $ 2.2 million, right at its debut . It is about to become much popular than any other chatting apps among the teenagers with its amazing technology. They can share the memes and laugh about them together, they can find something interesting and study it together and they can do more such stuff.

Squad allows 6 people to join the video call at a time. However, it is not necessary to perform continuously. You can just bounce in and out of the video call as and when you feel like. You may just share your screen if you go away from the video chat instead of showing the person a blank screen. The chatting app like squad makes people feel less lonely. It doesn’t always need a person to be on the chatting app. You can go back to phoning even with the app on in the background.

Squad can face tough competition from other chatting applications like Facebook messenger. They have other flawless features which when imbibed with the new screen sharing technology could give something more interesting and can be called as the next version. There are many other popular chat apps. Do you want to know how can we predict the bright future of chatting applications?

We have the statistics for 2018 that shows how much time people spend over chat apps either in searching for one in Google Play or in App Store. It also has a column showing overall time spent by the people in search of chat applications.

If you want to create a chatting app like squad, you must consider building such app along with the already popular features of other chatting apps.

Features We provide with Squad Clone Chat app

Most popular chatting apps like WhatsApp and Facebook messenger are already adorned with the features like:

» Registration

These apps are need authentication for the user to start using them. A user needs to register with his mobile number or email ID in order to get himself registered. An OTP is then sent on the given phone number which should be entered to know if that number belongs to you. Once the identification is done, a user is ready to start.

» Customization :

The customization makes a profile personalized. If you wish to create a chatting app you might consider providing your users with the happiness of choosing a nickname and a profile picture for their profiles. The user should be allowed to change the chat background and fonts as per their liking.

» Search

Search is an important feature in any apps that you create. You need to make sure, the user is able to search his contacts and any chats based on a particular word. The user can also search for any media shared previously.

» File transmission

File transmission is distinguished feature when you create your own chatting application. The feature allows a user to share various file formats on the chat application. The user can share images, documents, contacts, pdf files, audio files and other such files with their contacts at the tap of a button.

» Group chats

The more the merrier. Group chats would allow friends or co-workers to share thoughts, ideas and connect at a platform where they can talk to each other. Group chats can be fun while you share memes and trash talk about things with your friends.

» Video/Voice calling

While building your own chat app, having a video and voice call feature is an added advantage. People like staying connected. What could be more proper than calling or talking face to face on video calls? They give a feeling of closeness to people.

» Stories

Stories are best expressed using images. Allowing a user to share images in the form of stories is a new trend in the chatting apps. People share their stories as events in life and let others know about the latest news.

» Location sharing

This is the most useful feature in any chatting application. This feature can be helpful to track someone if they share their live location.

» Adding a contact

Directly enabling adding a contact from the app on your phone will make it easier to get the contact in your phone list and will make things much more convenient.

» Web chats
The mobile chats can be securely used over the web as web chats with a QR code which needs to be scanned through your mobile chatting apps.

Along with all these features, you can add the latest screen sharing feature like the squad app when you Click here to Create your own chatting app to make it more fun. Wondering who would help you with the development of mobile app? At Coruscate, we provide free consultations to validate your ideas. Give us a call and we can help you capture the market with your newest chatting app! 

Want to make your own chatting app like Squad, WhatsApp or Facebook? Get a Free Quote Here!

Also Read : 

• » How to Build a Chat App With Node.js and Socket.Io?
• » How To Build Your Own Group Chat App like Telegram And WhatsApp?
• » Why Choose Node.js To Develop Real-Time Chat Applications For Your Business?

The post Build a Next Gen Chatting App like Squad : Features You Should Know While Developing Chatting Application appeared first on Coruscate Solutions.

A good communication app ensures that the members within and outside of an organization can enjoy healthy conversations and can communicate what they intend precisely.

Let us explain how business communication apps truly help with examples that we have created for some of our clients.

How We Helped Our Clients with Communication Apps?

A high profile organization EO Mumbai, with members from the entrepreneur community, were facing a problem for a while before they approached us. They were unable to communicate with the other members within the community.

For one, the database was not updated with quick contacts. Secondly, there was no chat or call option with the member’s profile, which made it difficult for them to connect or communicate during emergencies.

So, here’s how we managed to help them?

The post How Business Communication App Helps Enterprises To Boost Profitability? appeared first on Coruscate Solutions.