CapCoach

Inspiration

As college students, we are already swamped with multiple responsibilities, with many of us needing to balance working, paying for college, and managing debt all at the same time. We thought it would be nice if there were a simple and easy way to manage your finances without going through all of the hoops of signing up for budgeting apps and transferring private bank statements.

What it does

CapCoach is a financial advisor built into your banking app that uses your previous financial habits in order to forecast your net worth 12 months down the line. If your current predicted future financial standing isn't to your liking it capcoach helps you reach your financial goals

How we built it

We took two years of a mock user’s data and built a SARIMA model to predict their net worth for the next year, using the prior two years' worth of information to fit the model. This model takes into account seasonal trends, allowing for more accurate mapping of future predictions.

Challenges we ran into

Originally, we had tried to fit a model to predict the user’s future net income; however, when this was done on a user who leads a more financially risky lifestyle, it did not accurately measure the future. Instead, we pivoted to predicting net worth as the user’s measure of success, and this accurately mapped to both risky and more stable financial lifestyles.

Accomplishments that we're proud of

What we learned

Through this process we struggled with finding the right model for the prediction Initially, we explored various machine learning approaches, including linear regression, neural networks, and ARIMA. Using ARIMA was our best option as it handled cyclical behaviors and took in account time series to forecast future personal finances. We also learned how effectively cache API calls on load so that it would not need to repeatedly load every time users were to navigate to the CapCoach screen.

What's next for CapCoach

We've successfully built the core AI that analyzes financial behaviors and identifies psychological patterns through text conversations. Right now, we're enhancing the user experience by adding voice chat capabilities and professional video generation with real narration. This will transform our text based coaching into natural voice conversations and engaging visual explanations, making financial guidance more accessible and impactful. The AI intelligence is fully functional we're now focused on delivering it through the most helpful and human-like interfaces.