NOK 8
pledged of NOK 2,000,000pledged of NOK 2,000,000 goal
1
backer
19days to go

All or nothing. This project will only be funded if it reaches its goal by Wed, September 5 2018 6:28 AM UTC +00:00.

Besim IsmailiBy Besim Ismaili
First created
Besim IsmailiBy Besim Ismaili
First created
NOK 8
pledged of NOK 2,000,000pledged of NOK 2,000,000 goal
1
backer
19days to go

All or nothing. This project will only be funded if it reaches its goal by Wed, September 5 2018 6:28 AM UTC +00:00.

What is a prototype?

A prototype is a preliminary model of something. Projects that offer physical products need to show backers documentation of a working prototype. This gallery features photos, videos, and other visual documentation that will give backers a sense of what’s been accomplished so far and what’s left to do. Though the development process can vary for each project, these are the stages we typically see:

Proof of Concept

Explorations that test ideas and functionality.

Functional Prototype

Demonstrates the functionality of the final product, but looks different.

Appearance Prototype

Looks like the final product, but is not functional.

Design Prototype

Appearance and function match the final product, but is made with different manufacturing methods.

Production Prototype

Appearance, function, and manufacturing methods match the final product.

F88dcf916c84ab12ff97b091544abf12 original

Prototype Gallery

These photos and videos provide a detailed look at this project’s development.

About

The history behind Numus  

My first year in Norway and I was working as a consultant, I saw a colleague that just graduated from college trying to get control over his costs by copy it's financial data from his bank account into Excel sheet where he had a budget model made in its own. I said to myself, there must be a better way of doing this but I still was not convinced about the impact that a solution like this can have. Then, I saw an episode of Luksusfellen (Luxury trap) and what I got the impression that the main reason behind peoples bad economy is losing control over it. 

Troubles with your own economy
Troubles with your own economy

After we did some research, I found out that the problem is global and has a great social impact.

We were so inspired to solve this issue at that time, so I wrote a modest research paper on IJSER and you can read it here.

Based on the technology available at that time, it was very hard to build an end-to-end solution as we can do it today, without being associated with a bank.

Based on research already done by Gallup, NerdWalled and CNN Money about Personal Finance culture, they found out that 70% of the West Europe and the US live paycheck to paycheck while only 32% have some kind of a budgeting tool helping with their economy. For the rest of the World, the situation is even worst!

The problem we try to solve 

When 3 in 4 families do not save money, this is not a good sign that we live in stable financial times. They are sitting on the edge of being prone to loans and shark loans that they will never be possible to payback and another Financial crisis may appear.

Our solution solves an important issue with World's economy today and has a large social impact as it tries to educate the user to be a better spender and even better saver without making the end user very much implied.

We did our own research on why people don't use current solutions and results are diverse from manually handling the process, safety, usability to the low engagement that existing apps provide.

Some of the products already on the market have solved most of the issues regarding automated processes, data integration, multiple account data processing, automated transaction segmentation but all of them failed to increase engagement of the users towards their own economy. Or with other words, none of them managed to create an attractive personal finance application. 

We have studied this part well and we think that to increase engagement in such application we need a different approach, an approach is disruptive to the industry. So we came up with the idea of a gamified personal finance application that will increase engagement within and out app activities. Based on these activities we will be able to trace the important behavior of the user and improve his/her experience with the application.

Our solution 

We at Numus, took seriously the feedback from surveys and we did a lot of research on our own before we decided how our product should look like and it should be served to our potential clients.

We have prepared a video about our product and we hope to make it easy for you to understand Numus and its mission:

We at ELA (the company behind the product), came to a conclusion that Numus should be provided free to end-users, should be fully automated, should represent the unique way of visualizing financial data and rise engagement among users. We are committed to that, so we prepared a web version PoC where you can taste benchmarking against Ola N (Norwegian version of John Smith).

Development

How we are goig to make it?

Authentication process

Data Capture

Data Engineering

Front-End

Follow the link to the blog post where a Power BI PoC is posted.

Numus-Benchmark
Numus-Benchmark

Numus Progress and Milestones 

Scientifically proven idea: IJSER (International Journal of Scientific and Engineering Research)  published a research paper on how we can create architecture and infrastructure to support the solution

Innovative idea behind Numus: Innovation Norway granted the idea with “Market Clarification” to create the Prototype

Financial evaluation by Accelerators:   3.5 – 4 million pre-money evaluation from The Factory (#FinTech accelerator)

Invited to SU incubator at NASA HQ in the US

IDG Global named Numus as one of the most innovative app ideas in 2017

Numus-Prize
Numus-Prize

Time plan

At this point in time, we are between PoC and MVP and our time plan looks very busy next couple of months.

TimePlan
TimePlan

Base on our plans, we are going LIVE between November and December. and we are working hard to achieve that goal.

Considerations

Numus operates with financial data, one of the most critical data and regulations day by day are becoming very strict. EU, lately,  released to regulations that affected directly finance sector and our product GDPR and PSD2. We are working hard so our product will complain about both regulations and give fair treatment to personal data.

Data security is also part of our concern and our development team is informed to set it as the top priority in every development stage and level of the product.

Risks and challenges

We will launch our products in Scandinavia where we have great technologies for digital authentication with high security and one of them that we want to use for our products is BankID. More information about BankID: https://www.bankid.no/en/about-us/
Later we plan to expand in Europe or EU zone and there we have to face two regulations that seem complex but following them has helped us very much.
GDPR is EU regulation that deals with security and personal data access, while PSD2 is more about open banking concept where every bank should share all bank transaction via API solution.
After we have established our business in Europe then we plan to go Global.
In technical terms, the biggest challenge for us is finding right technologies that can replace digital identification like BankID in the rest of EU or Globally.
Legally, we need to compliant with EU regulations and same time with the law of the country where we operate.

Learn about accountability on Kickstarter

Questions about this project? Check out the FAQ

Support

  1. Make a pledge without a reward

    NOK
    About $6
    Kickstarter is not a store.

    It's a way to bring creative projects to life.

    Learn more about accountability.
  2. Select this reward

    Pledge NOK 100 or more About $12

    Web/Mobile app Numus for One Month

    Web and mobile application kicebse for one year with basic features: https://goo.gl/Dcmmiv

    Less
    Estimated delivery
    0 backers
    NOK
    About $12
    Kickstarter is not a store.

    It's a way to bring creative projects to life.

    Learn more about accountability.
  3. Select this reward

    Pledge NOK 200 or more About $24

    Full pack Numus for one Month

    Full pack: web app, mobile app both in full version including bench-marking features.
    https://goo.gl/FU9xKQ

    Less
    Estimated delivery
    0 backers
    NOK
    About $24
    Kickstarter is not a store.

    It's a way to bring creative projects to life.

    Learn more about accountability.
  4. Select this reward

    Pledge NOK 500 or more About $59

    Full pack Numus for half Year

    Full pack: web app, mobile app both in full version including bench-marking features.
    https://goo.gl/FU9xKQ

    Less
    Estimated delivery
    0 backers
    NOK
    About $59
    Kickstarter is not a store.

    It's a way to bring creative projects to life.

    Learn more about accountability.
  5. Select this reward

    Pledge NOK 1,000 or more About $119

    Web/Mobile app Numus for One Year

    Web and mobile application kicebse for one year with basic features: https://goo.gl/Dcmmiv

    Less
    Estimated delivery
    Limited (1000 left of 1000) 0 backers
    NOK
    About $119
    Kickstarter is not a store.

    It's a way to bring creative projects to life.

    Learn more about accountability.
  6. Select this reward

    Pledge NOK 2,000 or more About $237

    Full pack Numus for one Year

    Full pack: web app, mobile app both in full version including bench-marking features.
    https://goo.gl/FU9xKQ

    Less
    Estimated delivery
    Limited (1000 left of 1000) 0 backers
    NOK
    About $237
    Kickstarter is not a store.

    It's a way to bring creative projects to life.

    Learn more about accountability.