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    A smart banking app concept for a fully digital audience with no finance lingo required. It's designed for light interactions but meaningful cont… Read More
    A smart banking app concept for a fully digital audience with no finance lingo required. It's designed for light interactions but meaningful contributions. By having a clear and practical focus in everyday use, some of the traditional concepts of banking can evolve into precise and smarter actions. For instance, by anonymously reading into the habits and routines of an account, the app would be able to not only understand how you earn and spend your money but also advise you on best ways to manage it and give you insightfull information for day-to-day money decisions. Read Less
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In the past year 2014, Deutsche Bank and Designboom organized a competition to design the future of banking. In a sprint of a few weeks, I took the opportunity to conceptualize a few ideas for a friendlier and more helpful banking app.
 
I submited a smart banking app for a fully digital audience with no finance lingo required. It's designed for light interactions but meaningful contributions. By having a clear and practical focus in everyday use, some of the traditional concepts of banking can evolve into precise and smarter actions. For instance, by anonymously reading into the habits and routines of an account, the app would be able to not only understand how you earn and spend your money but also advise you on best ways to manage it and give you insightfull information for day-to-day money decisions.
 
The submission was selected for the top 100.
 
 
After authenticating, the first screen starts by showing a calculated value of how much you can spend. This value is calculated based on past expenses and income, on how you use your money on a daily basis and is informative for a balanced financial life.
 
Below you’ll find a graphical history of the past transactions, with clear visual identifiers, that you can filter by different time periods. By being above zero, the line shows you’re spending too much. By being below zero, it means you’re saving money. With this you can see how temperamental you are with your money, understand if you’re putting yourself too much at risk or a thriving capitalist.
The menu gives you access to two very important rows of action. The first row compiles relevant and smart actions like easily making money transfers to friends, completing repititive actions like paying your rent every month. The second row displays the different app screens you can access, like your balance, payments queue and savings goals.
By having a special protocol in place, this banking app would be able to automatically list regular payments and bills in one place. Imagine getting a notification for you phone bill, or asking a restaurant to send the bill to your account
Sometimes it would be great if you could just borrow a small amount of money to cover your needs. It would be even greater if you could instantly do that throught your banking app. And instead of trying to understand what the interest rates are, you would be able to clearly understand how much more you would be paying for that amount of money.
 
If the balance hasn’t been all that good, the higher credits would just become unavailable.
By adding your most regular payments to the menu, you’re one tap away from paying your home rent, your monthly subscription or just the ocasional amount you owe a friend.
From your wishlist to your goal list. Save up to get the things you want the most. Tag a product you would like to buy and add it to your banking app. It will smartly create a new saving goal based on your balance and give you an estimated due date for that goal.
This was a submition to the contest themed "Future Banking" organized by Designboom in collaboration with Deutsche Bank, Germany. Deutsche Bank and Deutsche Bank are trademarks of Deutsche Bank.
 
Design Igor Pascoal