Problems we solve
Enhancing Financial Control for your customers
Driftio is a GDPR based App and Web service that is suitable for users of all ages, financial conditions and backgrounds. The app allows users to build and customise their dashboard to fit their specific financial interests, needs and circumstances. With unique sharing options, users have full control over their financial data, allowing them to securely share with individuals or businesses like yours to receive real value in return.
Problem 01
Problem · 01
How to get trustworthy advice?
Finding reliable and truly independent advice on investments, savings and pensions can be challenging. Additionally, there are limited ways to educate and advise friends and family or to receive guidance from those with more knowledge on capital allocation and the selection of specific stocks, funds or crypto investments.
Current workaround that Driftio simplifies
People currently share snapshots of their various stock, crypto, fund and pension portfolios with others through platforms like Messenger or Facebook groups. However, this method has several limitations such as the information is difficult to access, often outdated with unknown changes in value, not searchable, and spread across multiple conversation threads.
Problem 02
Problem · 02
How to gain trust in deals with new individuals?
B2C and C2C deals often take a long time to evaluate and finalise due to trust issues and uncertainty about financial credibility. Both private individuals and businesses struggle to identify trustworthy counterparts such as buyers in classified advertisements, who have the necessary funds to complete a deal.
The solution is to share financial credibility
Without a reliable way to verify a buyer’s financial capability many sellers whether selling a car, boat or property, waste time dealing with non-serious potential buyers. The same issue arises with unreliable bidders in housing or contract auctions. Easy identification and validation of financial means can help streamline transactions and build trust between buyers and sellers.
Problem 03
Problem · 03
How to track private P2P loans?
P2P lenders and borrowers, especially in ethnic communities and developing countries, often struggle to keep track of loans and investments used for purposes such as opening a shop, buying a car, or hosting a wedding. Managing different amortisation schedules and tracking remaining balances can be challenging.
Current workaround that Driftio automates
Many people still rely on writing notes, which are often lost or misplaced. In most cases, lenders and borrowers do not have access to the same updated information regarding the remaining loan balance, leading to confusion and potential disputes where a loss of trust equals to loss of value.
Problem 04
Problem · 04
Gender, ethical etc. inequalities
Financial products, services, and offers are often influenced by personal relationships and stereotypes such as gender, social status, ethnicity, skin color, or residential area rather than being based solely on financial factors like validated assets and debts.
The solution is to use own data for credibility
Individuals frequently rely on personal connections or referrals to avoid being disregarded, resulting in unequal access to financial products or services. This approach can lead to serious issues, such as financial stress, affecting consumers' well-being.
