‘Health Check’ Tool from Neontra Aims to Deliver Personal Finance Report Card

Last year, Toronto-based TXIO Corporation launched Neontra, a personal planning app.

Neontra offers web, iOS, and Android apps that leverage proprietary artificial intelligence to provide a real-time, 360-degree view of each user’s financial life.

By seeing the entire spectrum of assets and investments in one place, users can gain new knowledge on how to build net worth via data-driven insights.

“We believe there is a need for a Super App that helps people understand and manage their money,” Daniel Vranesic, chief executive officer of TXIO, stated at the time of Neontra’s launch.

Vranesic described Neontra as “an app that simplifies and makes sense of it all, enabling people to make better, more educated decisions about their financial future.”

Earlier this year, Neontra released Responsive Financial Planning, the platform’s next-gen financial technology product. Offered as software service to banks, brokers, and investment advisors, the financial planing tech helps providers engage and inform clients whenever their financial situation shifts via alerts and guidance.

This month, the Canadian firm unveiled Health Check, the Ontario innovator’s latest fintech tool.

Vranesic describes the feature as a “report card for personal finance available to everyday Canadians.”

The CEO realized “something that scores saving, spending, investing and debt, and automatically tracks progress over time … would be incredibly useful—so we built it.”

Health Check introduces “deterministic scoring” for personal finance, with unique measures for Expenses, Saving, Emergency Fund, Investments, Debt, and Credit, all of which contribute to an overall Health Check Score that changes over time.

“Health Check makes Financial Wellness measurable,” explains Vranesic. “For the first time, we can quantify the impact of strategies, programs, and financial plans, transforming Financial Wellness into something clear and actionable.”

Health Check is offered as a software service to Investment Advisors, Financial Planners, employers, and benefits providers, as well as through TXIO’s Direct To Consumer application.

TXIO was founded in Toronto in 2007.