Kutumba by Sthana.ai

Unify and risk-proof your finances for your family's future.

The problem Kutumba by Sthana.ai solves

Problem statement:

  1. We spend a lifetime accumulating financial assets but not even a minute in documenting it.
  2. We do not know the issues and risks that exist on our financial assets.
  3. Our family does not have the knowledge of and easy access to these financial assets should a health or life emergency.

Our solution enables the following use cases:

  1. Ensure the accessibility and inheritance of your financial assets in case of a health or life emergency.
  2. Unify your family's financial assets.
  3. Risk-proof and optimize your family's financial portfolio.

The biggest challenge for a personal finance management app is to provide a frictionless onboarding experience for the user/customer. Current approaches require SMS or email message parsing (huge privacy issues), providing username and password for each financial account that you need to connect (huge privacy issues again), or manual entry in spreadsheets or chat messages. By adopting the Account Aggregator, our solution directly solves for this problem and provides a safe and consent-driven mechanism along with a frictionless mechanism for onboarding customers.

Challenges we ran into

One challenge we faced was the ability to configure a webhook for our callback URL directly on the sandboxes. Only OneMoney sandbox provided this feature and this worked perfectly with our no code platform. For the other sandboxes, we need to email the sandbox provider each time we need to change such endpoints.