Online banking is widely used because everything is easier done on the Internet. Sometimes, to spend money for things we love is relaxing, but financially burdenining. What if there’s a smart and convenient way to combine your spending and saving in one system so it would be even more user-friendly? Hoot Bank is the next generation’s digital bank – Hoot as your smart debit card, assisted by artificial intelligence to make your smart in finance!

Spend

Credit: Gadgetflow

To bank wisely, Hoot combines all you need to two things: the smart debit card and the AI mobile app. Want to spend money? Use the Hoot debit card from now on. How is the Hoot debit card different from others? It has a small screen connected to your smartphone by Bluetooth securely. There, you can transpose a picture on the card as identification. The screen can be controlled by a button, press it and you can check your bank balance, spending history, and receive financial tips. Then, you won’t overspend when you know your balance anytime you look at the card.

On your smartphone, the Hoot app allows you to check your bank account, spending history, and immediately label the purchases you made for financial planning. From documenting your spendings, you can get to know more of your spending habit and learn how to bank wiser and save more. The artificial intelligence in the system will help you manage your finance better than before, notifying you when you should be spending less to reach your saving goals when needed.

Prepare to say goodbye to your wallet full of cards and mailbox full of monthly statements. When you want to spend money using Hoot Bank’s service, all you need is Hoot smart debit card and the mobile app. There you can check all the money you have spent on what category, which will help you organise your finance better than hiring an accountant (and cheaper!).
spend

Credit: Gadgetflow

Now, how do you pay for Hoot Bank’s service? No official information is released yet, but you can subscribe to Hoot Bank’s news to reserve your spot when the product is released.  Qvivr, Hoot Bank’s mother company, will charge small interchange fees like other credit/debit cards. They may also sell digital stickers for customising the cards. So far, we know Qvivir is partnering with Mastercard. As to VISA or other services, you just got to stay tuned!

Hoot can be your financial assistant; check out Temi, your personal robot assistant at home!

Video Credit: Hoot Bank

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