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How can wearable devices be used to promote and track both physical and financial health?
Challenge Type: business
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$1,000
top 30
116
submissions
DONE
35 months ago

A bank wants to make their customers lives better by helping them to achieve both their financial health and physical health goals by offering a differentiated digital experience. The bank needs your help to develop a concept that they could bring to market which would ideally include wearable technology. 


Deliverables

Please propose a product/service concept idea by answering the following questions:

  1. Do you currently have a wearable device (such as fit bit, apple watch, Samsung watch, etc.) Yes or No
  2. If yes, which one (brand)?
  3. Both physical and financial health are important. In what way(s) might the bank support its customers with their financial health and physical health goals?
  4. How can the bank use wearable technology specifically to support its customers financial & physical health goals? (Consider the potential data available, ability to send notifications, and other features enabled by wearable devices)
  5. What rewards could the bank provide to incentivize its customers to achieve their goals? How would these goals be tracked?
  6. Would you use a wearable device to conduct your banking? Please explain.
  7. Which banking tasks/services would you use your wearable device for specifically? (e.g transaction notifications, transfers, etc.)
  8. Which company should the bank partner with for this concept? Be specific giving the company name and why they would be a good partner.


    Submissions will be graded on the following criteria:
  • 1-10 Scale
Reward Tiers
10 Winners
will receive $60 each
20 Honorable Mentions
will receive $20 each
Leaderboard
$60.00 Thang Nguyen University of Vermont
$60.00 Sang Nguyen McGill University
$60.00 Benjamin Aduba
$60.00 Maria Tatika
$60.00 Nathaniel Mensah Adoko University of Mines and Technology, Ghana
$60.00 Cole P Gap year
$60.00 TM S
$60.00 Hager Mohammad University of Toronto
$60.00 Eric Dutcher Trinity University
$60.00 Nickk Thanh
$20.00 m .
$20.00 Kathryn Passalent McMaster University
$20.00 Tony Glackin Morningside College
$20.00 Spencer Lin Stevens Institute of Technology
$20.00 Jermaine Nicholson
$20.00 Danny Gregory Oxford University
$20.00 Andy Martin University of South Florida
$20.00 Rasheed Oladapo
$20.00 Peter Daines Georgetown University
$20.00 Traeonna Wagener University of Toledo
$20.00 Claire Davis North Carolina State University
$20.00 Patience Kabura San Jose State University
$20.00 Ajibola Bakare
$20.00 Riley Griffin Michigan State University
$20.00 Zainub Rauf University of Cincinnati
$20.00 Abhishek Mishra Abdul Kalam Technical University, Lucknow
$20.00 Matthew Gaiser Queen's University
$20.00 Jessie Jahns
$20.00 n r
$20.00 TJ Fritts University of Tennessee
Submission questions


1001 characters Average: 1689 characters
Your solution must be at least 200 characters long
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