'FirstStep' Transforms Spending Habits into Savings
Michael Hemsworth — September 8, 2018 — Tech
References: firststep.co & betalist
The 'FirstStep' finance solution is a simple-to-use app that will enable consumers to help automate their saving capabilities without making any major changes to their lifestyle or habits.
Capable of being setup in mere minutes, the platform will allow users to set a savings goal and track how they're doing whenever they want via the accompanying app. Users can choose from a wide array of different things to invest in ranging from tech to ethical initiatives, which will contributed towards with every purchase you make to help you reach goals faster.
The 'FirstStep' financial platform addresses the increasingly hands-on approach that many consumers are taking with their finances to avoid big banks and keep more control over their hard-earned money.
Capable of being setup in mere minutes, the platform will allow users to set a savings goal and track how they're doing whenever they want via the accompanying app. Users can choose from a wide array of different things to invest in ranging from tech to ethical initiatives, which will contributed towards with every purchase you make to help you reach goals faster.
The 'FirstStep' financial platform addresses the increasingly hands-on approach that many consumers are taking with their finances to avoid big banks and keep more control over their hard-earned money.
Trend Themes
1. Automated Savings - Opportunity for disruptive innovation: Develop advanced algorithms that can automatically analyze spending habits and allocate funds towards savings goals.
2. Goal-tracking Apps - Opportunity for disruptive innovation: Create apps that allow users to set specific savings goals and track their progress in real-time, providing motivation and guidance along the way.
3. Ethical Investing - Opportunity for disruptive innovation: Build platforms that enable users to invest in companies and initiatives aligned with their values and ethical beliefs, making it easier for them to contribute to causes they care about.
Industry Implications
1. Personal Finance - Opportunity for disruptive innovation: Develop automated finance apps that provide personalized financial advice and solutions, empowering individuals to take control of their finances without relying on traditional banks.
2. Fintech - Opportunity for disruptive innovation: Create innovative financial technology solutions that leverage automation and data analysis to revolutionize financial management and savings for users.
3. Retail - Opportunity for disruptive innovation: Integrate automated savings features into retail platforms, allowing consumers to effortlessly save while making everyday purchases, creating a mutually beneficial relationship between retailers and customers.
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