Spending tracker via online banking (Save4u) / Nor Shahrina Mohd Rafien ... [et al.]

The Save4u is an innovation of spending tracker feature that provides a solution to track expenses, check user’s overall financial status whether the user is in a good shape or not and give them alerts related to their spending habits. Extravagant spending has become the new norm these days especially among students since social media encourages people to purchase items that follow the trend. By using the Save4u feature, it will customize an analysis of the user’s savings by using data that is linked directly to the bank account. Save4u will send notification to the user's phone to let them know whether they are overspending or if they have extra money. Save4u also allows the users to set their own goals that they want to achieve. The target user is for those who have an online banking app. For example, a student wants to save RM500 this month, so Save4u will do the calculation on how much the users can use this month based on their expenses and income. It is different from the existing product in online banking apps, where the users can only set goals and the amount will be separated at the end of every month from savings account to goal account. Save4u will benefit the society by providing detailed data about their expenses transaction. The pie chart analysis will pop up to reveal the users about what needs to be improved, and what they can control. This feature can be expanded by collaboration with banking institutions in Malaysia to focus the feature development for students as a starter.