TeenWallet

The project

Name of the project /

TeenWallet

Elevator pitch /

Helping teenagers to manage their spending and propose targeting offers. Protect the kids by allowing parents to check their consuming behavior. Making it easier for parents to give money to their children

Screenshot /

Type of the project /

Mobile app + wearables

MVP /

An app which allows parents and children to log in to their accounts and manage their finances in the simplest way. The app creates a feeling of family with his colorful interface and it also motivates children to save and to use their money wisely. The MVP will include these features:

Request money from parents
Send money to kids
View the transactions list of each child
Set a monthly allowance for each child (automatic transfer at the beginning of each month
Block or report lost debit card (children tends to loose lot of things)

Target group /

7-16 years old teenagers and their parents.

Use case /

Giving pocket money to the children. Overseeing the children’s consuming behaviors. Challenge them to reach specific goals to teach them how to manage their spendings. Children can request money from their parents (for example: books school supplies etc..)

Challenges and solutions /

Only one developer for the entire iOS development. We solved it by using as many native iOS elements as possible.
No previous knowledge of the Ubis API
Getting the SDK to work correctly, some errors with cocoapods appeared.
Design and conceive the UI and UX in this short amount of time.

Scalability / Steps for scaling the project

Apple Watch app for the parents
Android app for parents and kids
Improve backend using IBM Bluemix solutions
Connecting the app with any bank account in Europe
Add ability to scan invoice

Prototype videos are here: link

Inspiration:

According to the latest survey by GfK, many teenagers in Germany are getting into the debt position or heavily indebted since most of them do not know how to get control on their financial spending. In worse case their parents have completely to be liable for for their debt.

What it does:

TeenWallet is an app for both parents and teens, which teaches teenagers to manage their daily spending on the one hand as well as informs the parents about their kid's financial situation in real time so they can preventive help the kids avoiding a debt position. Finance provider such as banks and insurance can eventually create the suitable products such as short term refinancing credit and/or further solutions for those customers

How I built it (Perjan, Quentin, Maxime, Minh Tri)

A general meeting was done
We assigned the tasks
Every 90 minutes we would do a small status update
Maxime took care of the prototypes and the UI
Minh Tri focused on the research, market analysis and interview
Perjan focused on the UBIS API study, SDK integration and putting together the initial Native App
Quentin took care of the Keynote presentation, along with the animations
We did another big meeting when we had the UI designs ready, Perjan started to integrate them on the app
After that Maxime and Quentin worked on the Apple Watch prototype
Minh Tri and Quentin prepare the keynote facts and numbers
Perjan integrated the Accounts API, TransactionsList API, Cards API
Perjan worked on making the API work and managed to achieve successful payments between accounts.
We prepared the whole documentations and presentation.

Challenges:

Our team was set up by 4 persons with different backgrounds those met each other for the first time so we needed more time for team building, brainstorming, and task assignment. We are also not really familiar or gained any experience with provided APIs before.

Accomplishments that I'm proud of team spirit and satisfaction in order to make our idea comes true.

What I learned

We learn how to communicate to both technical and non-technical person in order to get the same understanding of the challenge, also to carry the idea out and to provide the product in the short time schedule