Banking & Investment
The presented use cases provide flows for common application usage patterns in personal banking and investment.
Assess the viability of a loan to pay for a purchase
A bank or other lending institutions would like for their customers to know if they can borrow to pay for a purchase and comfortably repay that loan.
In this scenario we will be looking at a household's desire to buy a new car which they want to finance with a loan.
We'll be looking at the future outcome of the loan being paid off given the household's circumstances.
The workflow covers the following:
- Authenticating
- Setting up a two person household
- Adding the income and the expenses for the household
- Creating the desired car goal with an attached loan to finance it
- Examine the future outcomes of the household where we can determine the viability of the loan.
Examine the difference between repayment mortgage and a interest only mortgage
As bank, they would like their customers to see the difference between a repayment mortgage and an interest-only mortgage so they can choose what’s right for them.
In this scenario we will be looking at the financial impact a repayment mortgage has versus an interest only mortgage on their existing property.
We'll be analysing the future of the household with both types of mortgage and compare the results.
The workflow covers the following:
- Authenticating
- Setting up a two person household
- Adding the income and the expenses for the household
- Adding a residential property
- Setting up two different mortgage types for the property and run two simulations, one for each mortgage typ
- Examine and compare the results of the