The app extends and secures the ability of a person living with dementia to manage their financial affairs.
Given that a person living with dementia has a trusted family member to whom they have assigned Power of Attorney, they can collaborate to manage the daily financial decisions.
This benefits both parties:
- the person living with dementia enjoys a greater sense of independence and control
- the family are assured that no financial crises will occur
app: Node, Express, React
mocked data: MongoDB
Dia Rahman - Dia_R - business
Marc de Niverville - Marc_D - back-end
Sean Fitz - Sean_F - UI/UX design
Ikram Mustapha - Ikram_M - front-end
…currently seated at table #13
The Full Story:
Other stakeholders: while the app is mostly focused on meeting the needs of the primary stakeholders (persons living with dementia and their family caregivers), it also addresses the needs of their bank. Banks have some responsibility to their customers for protecting them from fraud and mismanagement. The fact that the app provides a framework for additional supervision of the accounts helps to mitigate the bank’s risk.
- The app observes patterns of use, and can adjust the complexity of the information that is presented to the person living with dementia; this extends the time during which they can make meaningful decisions.
- The app has access to historical account data and can flag pending bills or other transactions that are unusual, either due to their amount, their frequency, or the identity of the payee.
- Transactions that conform to historical patterns can be executed as soon as the person living with dementia approves them; non-conforming transactions are delayed in execution, pending approval by the family member supervising.