Page 607 - AI for Good Innovate for Impact

AI for Good Innovate for Impact

Objectives:

• Provide a modern, paperless solution for tracking expenses.
• Allow parents to monitor children’s spending habits.
• Automate data capture through OCR. 4.6: Finance
• Offer secure, accessible, and user-friendly budget management.

Technological Innovation:
• Uses OCR for accurate data extraction from receipts.
• AES-256 encryption for financial data security.
• MFA and session management for safe access.
• Android mobile app integrated with Firebase and AWS.

Expected Impact:
• Promotes financial literacy among youth.
• Empowers families to track and manage household budgets.
• Encourages secure and responsible spending habits.

Use Case Status: Prototype complete, tested and validated. Beta deployed and pending public
launch.

2�2 Benefits of use case

The app promotes financial literacy in children and supports mindful spending and budgeting
habits. The app equips youth and families with tools to manage spending, encouraging
education and sustainability.

• Development Team: Built and tested the mobile app.
• Test Users: Parents and children providing feedback during UAT.
• AWS / Firebase: Technology providers for backend hosting and data storage.

2�3 Future Work

• Improve OCR precision for multi-language receipts.
• Expand to iOS and web versions.
• Integrate with banking APIs for real-time syncing.
• Add gamified savings goals for children.
• Enhance visualizations using AI-based spending predictions.
• Seek institutional collaborations with schools or NGOs focused on youth financial literacy.

3 Use Case Requirements

REQ-01 App must extract text from various receipt formats using OCR.
REQ-02 Store user data securely with AES-256 encryption.
REQ-03 Authenticate users using MFA and session management.
REQ-04 Display categorized expenses and budgets clearly.
REQ-05 Support Android versions 10-12.
REQ-06 Handle blurry/misaligned receipts with correction options.
REQ-07 Deploy via CI/CD (GitHub Actions).

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