Solving The Problem

About The Opportunity

The opportunity that I saw was in banking. Since the release of smartphones, banks have released their mobile apps to provide a better, more personalized experience to each individual customer. Banking apps allow customers to access account balance, view statements online, edit their account information, deposit checks electronically, and more. However, not every bank is the same, and therefore not every app has the same features. Take Wells Fargo for example. You can't dispute a transaction from the app, but instead you have to log in to the Wells Fargo website to do so. Finding your account information, like the account number and routing number, is not intuitive, and understanding the transactions is not always easy. That's just Wells Fargo.

Since not every app is the same, some other bank apps are more intuitive at these tasks, but compromise in others
And, security is critical in banking, and also hard to administer in electronic devices. Too often are what we once considered secure networks hacked, and information stolen, without no trace of the attackers.

About The Service

Disclaimer: Product yet to be named

Instead of having separate bank apps with different features, different levels of accessibility, and different levels of security, why not have one banking portal that manages all of this for the banks?
My idea is to work closely with banks and their development teams, to make a banking portal that has the most useful features available not just to one or two banks, but to all of them.
And since now all information would pass through one common place, encrypting it is easier, and more uniform. This can further increase security.
And since customers would have an account for the portal, sending money to relatives or friends becomes much easier, as does transferring money between accounts. This would allow for all customers to accomplish the same tasks in the same way despite having accounts with different banks.
And to make every bank's interface independent of each other, the banks decide the overall design for them, while still following the global guidelines. To make the switching process as smooth as possible, there can be an quick-transfer feature, where you set up a PIN or password with your bank, and enter it into the portal to speed up the verification process
Opening other accounts either with the same bank or with different banks would also be easier, since all your information is already in the portal, you can auto-fill applications with non-sensitive information(so not your SSN, for example).