Who: There are people who cannot get a handle on their finances or they do not want to. These folks can be further classified into 2 types:
- Comfortable Users - Have sufficient money in their account.
- Strugglers - Have no idea about their spending habits.
What: Our project aims to give a brief insight about their finances in terms of where they are (over)spending or what they can do with the idle money.
How: We analyze user's account balances and transactions(CapitalOne APIs) to figure out the type of user. Each user receives a text(Nexmo APIs) containing a simple graph(Plotly APIs) suggesting the overall financial health. If the user is a struggler, another text would be sent containing link of the top 5 expenses. We have done some filtering in the transactions to weed out the obvious expenses and not take them into consideration. Otherwise, the user with a surplus balances would be sent a text containing some smart investment choices(Xignite APIS) like bonds or ETFs and also the average return opportunity.
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