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Open Banking Assistant

Our project aims to provide the advantages of having all financial deals on a single mobile application.

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Open Banking Assistant

Our project aims to provide the advantages of having all financial deals on a single mobile application.

The problem Open Banking Assistant solves

Making every financial dealings completely online and user-friendly
Varieties of deals over a single platform like opening accounts, money transactions, loans, consultancy, insurance services, investments etc. which makes it very convenient for the users. In case of any doubts, users can refer to the instruction videos.
Constant tracking of customer actions using graphical methods
To provide them an organized information of their daily, weekly or monthly expenses, profits they had made in their past transactions and profits they can make by doing certain investments.
Expert’s advice before any deal and live customer support
Clients can get spoilt for choices after going through so many investment and loan options, insurance policies etc. So, through our app we will highlight the key points i.e. profits, interest rate etc. about every deals so that they can compare and choose the preferable one.
24x7 customer support will be provided and they can interact with financial experts before making any important financial decisions.
roviding high level security, avoiding any form of data breaches to third parties and even the moderator
As service providers, we will assure both the bank and customers that utmost privacy shall be maintained. Even we, as mediators, are not taking away any data that should remain confidential between the two parties. We will not retain any user information in our database.

  1. Personalized offers based on location and interests with extra incentives
    We will notify our customers about the discounts and offers available on their respective financial providers by:
    Adding location markers on those specific stores.
    Sending notifications to the customer regarding the offers applicable on various e-commerce stores.
  2. Constant monitoring of customer feedbacks via regular surveys
    We will conduct regular surveys to gather information on the interests and background of the customer to provide them with personalized offers.

Challenges we ran into

We had difficulty in time management, we thought it would be a level by level competition so we weren't ready to our maximum capacity.

Technologies used

Discussion