African banks and fintechs are now under more pressure than ever to make their apps stickier and more supportive so that their customers continue to see them as the leading source of truth for guidance on their financial goals. Competition is rapidly emerging to offer customers next-generation personalized support via retail banking apps. Alvin is your partner to accelerate your path to digital innovation and growth in a matter of weeks, not months. Our API features next-generation personal financial management features for your own app to maintain customer loyalty and deliver personalized experiences that delight users and deliver commercial results to your bank. As an African fintech ourselves, our features are tailored to the savings culture and behavioral tendencies of African users in each market.
<aside> 💼 About Alvin Alvin is a VC-backed African fintech that helps African banks and fintechs cultivate more creditworthy customers across their customer base. From dynamic self-adjusting budgets to presenting local asset acquisition opportunities individual users can afford, Alvin’s features are designed to help consumers save more consistently, leave their funds away, then acquire assets that will generate wealth.
Alvin’s dynamic support is designed to cultivate more individuals with the funds and money management habits needed to qualify for higher ticket value products such as loans and insurance while ultimately yielding a reduction in default and overdraft rates.
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The Alvin API consists of personal financial management widgets to drive better adoption of your app and a backend data management engine to properly structure user transaction and demographic data to enable better personalization of each user’s app experience.
Empower customers to become more engaged in managing their personal finances.
| Feature | Description | |
|---|---|---|
| 1 | Self-adjusting budgets optimized for regular and irregular income flows alike | Alvin assesses a user’s budget based on their income, savings goals and lifestyle. When a user overspends in an area, Alvin automatically readjusts their budget and savings schedule accordingly and shows a new roadmap toward their goals. |
| 2 | Actionable analytics and helpful insights | Standard benchmark info based on a user’s demographic profile in addition to personalized recommendations for where a user can take action to make more sustainable progress toward their savings goals. |
| 3 | Smart savings rules | Help users have fun saving through automated rules based on their spending. |
| 4 | Asset acquisition opportunity widget | Feature displays relevant asset acquisition opportunities for the local market where a user resides based on what Alvin assess a user can afford and their savings timeline. |
| 5 | Precision targeting | Alvin recommends which users to present which products to at what time based on a user’s savings goals and demographic profile. |
For banks that want to deliver data-driven personalized experiences to their customers and create better products based on better insights of their customer base’s financial health.
| Feature | Description | |
|---|---|---|
| 1 | Transaction categorization | Leverage Alvin’s backend data categorization engine to clean your data and have it returned to your backend via a single API. |
| 2 | Data enrichment | Develop a complete view of your customers’ financial health and predict buying behavior. |
<aside> 📌 Interested in integrating customer engagement widgets optimized for the contexts of your customers? We’re enabling the Alvin API in Kenya, Nigeria and South Africa. If you are a digitally innovative bank or wealthtech looking to accelerate the delivery of next generation features to your customers, the Alvin API is designed for you!
Contact our CEO Winston Reid directly at [email protected] to submit an inquiry. We are working with one new bank partner in each market for an initial six month period. We look forward to working with you to drive better adoption of your banking app.
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