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Ernit Product Introduction

Amandeep Midha
Amandeep Midha

This document introduces ERNIT, the world's first smart piggy bank. It discusses ERNIT's goal of teaching children the value of money through a connected piggy bank and app. The app and piggy bank work together to teach financial lessons appropriate for different age groups from 4-15 years old. ERNIT sees the opportunity to partner with technology companies to further develop its IoT, security, connectivity, and data protection capabilities to create a learnable, secure, and API-enabled platform. It calls for collaboration in areas like messaging protocols, efficient data transfer, security chips, and child data protection to realize its technology vision.

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Product Introduction & IoT Roadmap Amandeep Midha (CTO, ERNIT ApS)
The worlds 鍖rst smart piggy bank
THE BEGINNING Spend more than they own Survey from rent.com of all children have a low understanding of the value of things 30% Survey from Danske Bank Experts
FIELD STUDY This will help me save and my parents can help too! 8 year old Peter
It's boring just to save money. This is something di鍖erent. Now I can see how much I have with just one push of a button. 9 year old Sandra
SOLUTION App + Piggy Bank Convenient & ConnectedTouching Digital Money
THE EDUCATION BEHIND THE DESIGN ERNIT is a fantastic idea. I work with families who really need this. Child psychologist and PhD Christine Steerman with over 30 years of experience in family counseling. ERNIT uses all the childrens senses to teach them about money. An essential part in teaching. Elementary school teacher and childrens books author Dorte So鍖e M淡rk Emus Financial visualization Childrens economy writer Communication expert Certi鍖ed Coach Kids game developer Gami鍖cation expert S淡ren Nielsen Mads Tagel
APP
4-6 year Big versus small Goal. Learn how amounts a鍖ect progress. Visual show goals getting 鍖lled. Learn where the money goes. + 4 year old children recognizee on average 100 brands Martin Lindstr淡m, Brandwashed
7-9 year The concept of numbers. We introduce chores and allowance. They are old enough to start earning own money within the family. ALLOWANCE 7 year old childrens brand preferences will last a lifetime Nickelodeon study + + + =+ GOAL CHORES TIME
10-12 year We introduce a consumer card. Its a more direct link to the bank. Happy children create retention in a bank. Professor Lars Krull, Aalborg University CHOICES+ ALLOWANCE CHORES TIME = GOAL+
13-15 year We introduce a debit card. They can take more control of how they spend money on a daily basis. 53% of all grown ups use brands from their childhood SIS International Research OVERVIEW BUDGET JOB
i LIFETIME VALUE Piggy Bank Savings Account 4-6 year ERNIT app 7-9 year 10-12 year 13-15 year ERNIT app i Piggy Bank Savings Account Savings Account ERNIT app Savings Account ERNIT app Consumer Card Debit Card
AS TECHNOLOGY PARTNER YOU WILL GET ERNIT Piggy Bank ERNIT App Bank Integration Exclusivity IoT Sensor Speci鍖c Data ERNIT Partner
Ernit Product Introduction
IT IS SIMPLE 16
COMMUNITY NEEDS Tactile Retention Online-acquiring e-Wallets P2P-lending Online-lending Online-remittances Accounting Charity Donations KYC Compliance AML Compliance
Server API account creation parent/patron invitations invitation accept adding/removing/editing a child adding/removing/editing goals assigning money to speci鍖c goals cashing out goals status inquiry for all data objects linking/unlinking piggy banks to children status/activity inquiry for the piggy banks Sandbox available at https://developers.ernit.com
PIG API Get paired bank card balance Check & Get 鍖rmware updates Behavioral Insights Noti鍖cations from other Channels Goals & Gaming Noti鍖cations
System Communication
System Architecture
ERNIT Technology Vision 2017 1. Containerized 2. Secure 3. API鍖ed 4. Learnable Everyday Use, Familys Financial Tactile Gadget Read More: https://www.linkedin.com/pulse/ernit-technology-vision-2017-amandeep-midha
Call for Action - Challenge Areas 1. Messaging Oriented Middleware Development : MQTT / STOMP /AMQP / New Protocol ? 2. Battery Ef鍖cient Data Transfer between MoM and IoT 3. Security in Hardware: A TLS enabled Chip ? 4. New Connectivity Slot: A Pig with SIM slot ? ( 802.11a,b,g,n) 5. Child Data Protection ( GDPR in EU & COPPA in US ) - IoT dedicated Data Center
Current Team YouYouYou (ERNIT Fintech IoT R&D)
THANK YOU amandeep@ERNIT.com CTO, ERNIT ApS

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Ernit Product Introduction

  • 1. Product Introduction & IoT Roadmap Amandeep Midha (CTO, ERNIT ApS)
  • 3. THE BEGINNING Spend more than they own Survey from rent.com of all children have a low understanding of the value of things 30% Survey from Danske Bank Experts
  • 4. FIELD STUDY This will help me save and my parents can help too! 8 year old Peter
  • 5. It's boring just to save money. This is something di鍖erent. Now I can see how much I have with just one push of a button. 9 year old Sandra
  • 6. SOLUTION App + Piggy Bank Convenient & ConnectedTouching Digital Money
  • 7. THE EDUCATION BEHIND THE DESIGN ERNIT is a fantastic idea. I work with families who really need this. Child psychologist and PhD Christine Steerman with over 30 years of experience in family counseling. ERNIT uses all the childrens senses to teach them about money. An essential part in teaching. Elementary school teacher and childrens books author Dorte So鍖e M淡rk Emus Financial visualization Childrens economy writer Communication expert Certi鍖ed Coach Kids game developer Gami鍖cation expert S淡ren Nielsen Mads Tagel
  • 8. APP
  • 9. 4-6 year Big versus small Goal. Learn how amounts a鍖ect progress. Visual show goals getting 鍖lled. Learn where the money goes. + 4 year old children recognizee on average 100 brands Martin Lindstr淡m, Brandwashed
  • 10. 7-9 year The concept of numbers. We introduce chores and allowance. They are old enough to start earning own money within the family. ALLOWANCE 7 year old childrens brand preferences will last a lifetime Nickelodeon study + + + =+ GOAL CHORES TIME
  • 11. 10-12 year We introduce a consumer card. Its a more direct link to the bank. Happy children create retention in a bank. Professor Lars Krull, Aalborg University CHOICES+ ALLOWANCE CHORES TIME = GOAL+
  • 12. 13-15 year We introduce a debit card. They can take more control of how they spend money on a daily basis. 53% of all grown ups use brands from their childhood SIS International Research OVERVIEW BUDGET JOB
  • 13. i LIFETIME VALUE Piggy Bank Savings Account 4-6 year ERNIT app 7-9 year 10-12 year 13-15 year ERNIT app i Piggy Bank Savings Account Savings Account ERNIT app Savings Account ERNIT app Consumer Card Debit Card
  • 14. AS TECHNOLOGY PARTNER YOU WILL GET ERNIT Piggy Bank ERNIT App Bank Integration Exclusivity IoT Sensor Speci鍖c Data ERNIT Partner
  • 18. Server API account creation parent/patron invitations invitation accept adding/removing/editing a child adding/removing/editing goals assigning money to speci鍖c goals cashing out goals status inquiry for all data objects linking/unlinking piggy banks to children status/activity inquiry for the piggy banks Sandbox available at https://developers.ernit.com
  • 19. PIG API Get paired bank card balance Check & Get 鍖rmware updates Behavioral Insights Noti鍖cations from other Channels Goals & Gaming Noti鍖cations
  • 22. ERNIT Technology Vision 2017 1. Containerized 2. Secure 3. API鍖ed 4. Learnable Everyday Use, Familys Financial Tactile Gadget Read More: https://www.linkedin.com/pulse/ernit-technology-vision-2017-amandeep-midha
  • 23. Call for Action - Challenge Areas 1. Messaging Oriented Middleware Development : MQTT / STOMP /AMQP / New Protocol ? 2. Battery Ef鍖cient Data Transfer between MoM and IoT 3. Security in Hardware: A TLS enabled Chip ? 4. New Connectivity Slot: A Pig with SIM slot ? ( 802.11a,b,g,n) 5. Child Data Protection ( GDPR in EU & COPPA in US ) - IoT dedicated Data Center