RAO Arjun Ashok 敬文金融科技本科生
Shourya YADAV 新亞金融科技本科生
Flux is a payments solution application that consolidates, reminds, and incentivizes early bill payments on credit cards and others repayments.
發展階段｜STAGE OF DEVELOPMENT
Flux’s mission is to help the Hong Kong youth incorporate financial responsibility into their daily life. We aim to do this by working under our three pillars for consolidate, remind and incentivize. Major features of Flux are:
- A mobile application platform where users can track repayments, remind themselves and pay bills directly.
- Integration with bill providers to provide customer account data(amount & date) monthly
- Users are rewarded with Flux points based on their payment date in a single bill cycle(eg. 1 month) and trustworthiness score
- We profile our customers’ risk(trustworthiness score) and estimate rewarded points with our state-of-the-art generative models and reinforcement learning platform that learns to estimate risk with experience.
- Users can redeem the reward points at our reward partner ecosystem for exclusive offers (restaurants, gyms, eCommerce, etc.)
- In case a user can only pay a partial amount towards his/her bills, using our trustworthiness score, the reinforcement learning algorithm moves and allocates funds to various registered bills and credit cards, so the user incurs a minimal financial loss.
- Flux trustworthiness can also be used for external applications like customer trustability for new credit card applicants and other financial services.
如何解決市場痛點｜RESPONSE TO MARKET PAIN POINTS
According to a recent report by TransUnion 33% of Hong Kong’s population face difficulties in managing their repayments (credit cards, utilities, loans, etc.). Flux’s mission is to help the Hong Kong youth incorporate financial responsibility into their daily life by focusing on our 3 pillars of consolidating, remind, and reward.
On the other hand, as the problem of customer trustability is becoming increasingly difficult for financial institutions to tackle, the younger generation is at a disadvantage since these institutions do not have a credible source of information. Flux plans to become a data aggregator for these institutions.
- 資金 Funding
- 創業夥伴 Partners
- 產品回饋 Product Feedback
- 曝光機會 Visibility and Exposure