Strengthening U.S. financial resilience with an innovative management platform

React.js
React.js
Nest.js
Nest.js
PostgreSQL
PostgreSQL
AWS
AWS

Value delivered by Relevant

  • Automated financial management for U.S. personnel
  • Integrated secure data aggregator services for real-time data access
  • Delivered prototype within three months
  • Enhanced commanders’ insights into unit financial readiness
  • Strengthened security with advanced encryption and authentication
Strengthening U.S. financial resilience with an innovative management platform
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Client & product

Poncho is a software product designed to enhance the financial well-being of U.S. military personnel. It offers tools for effective financial management, boosts financial literacy, and helps fulfill financial obligations. The platform also provides commanders with actionable insights into their subordinates and enhances overall job performance.

Poncho was co-founded by John P. Brown and Jim Shelton, both Marine veterans. Motivated by their experiences seeing the financial stress many service members face, they partnered with Relevant to develop a solution that provides the tools soldiers and their families need for financial stability and peace of mind.

Challenges

The challenge was in creating a practical and user-friendly platform that was able to securely manage financial data for U.S. military personnel while seamlessly integrating with a third-party financial data aggregator. Before Poncho, both service members and their commanders juggled multiple processes, each with its own interface and fragmented data, making efficient financial management nearly impossible.

The primary objectives were to create a secure integration with a leading 3rd party data aggregator, allowing immediate and secure account access for users; ensure accurate, real-time data flow for precise financial insights; and meet all regulatory and security requirements to protect sensitive information.

Job done

Security remained our top priority throughout the project. Relevant team implemented advanced encryption methods and multi-factor authentication to safeguard data integrity. Real-time synchronization was a priority, allowing users to access accurate financial insights whenever needed. Through thorough testing, the team ensured smooth system performance, resolving any potential issues early. As a result, the platform provided U.S. military personnel with a secure, reliable solution for managing their finances with confidence.

Implemented features

RS-Frame-Poncho-1

Financial health score

This feature gives users an overall score based on their income, spending, debt, and savings. It delivers a single score that reflects financial health, guiding users to identify strengths and areas for improvement.

RS-Frame-Poncho-2

Data aggregator integration

Secure real-time synchronization with the financial data aggregator enables users to monitor and manage their financial accounts directly through Poncho, ensuring accuracy and up-to-date financial information.

RS-Frame-Poncho-3

Budget analysis

The feature tracks income and expenses, breaking down spending by categories. It helps users identify overspending, offering insights to optimize budgets and increase savings.

Outcomes

Relevant Software’s team—including front-end and back-end developers, QA, DevOps, UX/UI designers, business analysts, and project managers—contributed to the successful development of this robust web-based platform. Poncho’s secure integration with the data aggregator enables real-time financial data access, empowering U.S. military personnel to manage their finances effectively. It also allows commanders to monitor their teams' financial readiness, supporting mission success and improving personnel retention.

Client's feedback

John P. Brown
Co-founder BlankitData

Working with Relevant was a great experience - they had the capabilities we needed, and we learned a lot about our own product along the way. If you are a fintech looking to accelerate your development, I recommend Relevant.

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