ECE3502 IoT Domain

Analyst
PROJECT REVIEW-1 REPORT
Dr. Velmathi G

Group Members
 Radha Mohan 18BEC1148

Saurabh Awasthi  18BEC1162

Akhand Pratap Singh  18BLC1031

Siddharth Pathak 18BEC1306

 AI BASED FINANCIAL
CONSULTANCY

ABSTRACT

We all know that how tedious is it to manage and locate your spending habits,
each month we want to save some money but we tends to exhaust our salary way
before the month end. We very well know how important is it to do value
investing in order to reduce your liabilities and grow your assets.

We also not feel secure enough to share our financial status with someone else
rather we hide it and restrict from  taking any advice be it good or bad. Seeking
this problem we  came up with idea of using AI methodology for analysing
spending habits of the person ,showcasing him detailed breakthrough of his/her
expenditure. The idea revolves around developing a chatbot that act as personal
financial advisor for the user, chatbot will have capability of interacting with
user’s bank in order to provide him detailed analysis of his/her spending
habits.The application  will be analyzing the current global markets scenarios in
order to invest his/her capital to one of quality stocks for better return of
investment.
OBJECTIVES

Following are the major objective that we are focused to cover by implementing
our idea in real world:-

 Income: It's possible to manage income more effectively through planning.

Managing income helps you understand how much money you'll need for
tax payments, other monthly expenditures and savings.

 Cash Flow: Increase cash flows by carefully monitoring your spending

patterns and expenses. Tax planning, prudent spending and careful
budgeting will help you keep more of your hard earned cash.

 Capital: An increase in cash flow, can lead to an increase in capital.

Allowing you to consider investments to improve your overall financial
well-being.

 Investment: A proper financial plan considers your personal circumstances,

objectives and risk tolerance. It acts as a guide in helping choose the right
types of investments to fit your needs, personality, and goals. 

DEPENDENCIES

FIREBASE

Firebase evolved from Envolve, a prior startup founded by James Tamplin and
Andrew Lee in 2011. Envolve provided developers an API that enables the
integration of online chat functionality into their websites. After releasing the chat
service, Tamplin and Lee found that it was being used to pass application data that
were not chat messages. Developers were using Envolve to sync application data
such as game state in real time across their users. Tamplin and Lee decided to
separate the chat system and the real-time architecture that powered it.They
founded Firebase as a separate company in September 2011 and it launched to the
public in April 2012.

Firebase's first product was the Firebase Realtime Database, an API that
synchronizes application data across iOS, Android, and Web devices, and stores it
on Firebase's cloud. The product assists software developers in building real-time,
collaborative applications.

PLAID

Plaid is a financial services company based in San Francisco, California. The

company builds a data transfer network that powers fintech and digital finance
products.

Plaid's product, a technology platform, enables applications to connect with users’

bank accounts. It allows consumers and businesses to interact with their bank
accounts, check balances, and make payments through different financial
technology applications.The company operates in the U.S., Canada, the UK,
France, Spain, Ireland, and the Netherlands.

ANYCHART

AnyChart was first developed in 2003 as a Flash chart component to

visualize XML data.In 2007, Oracle licensed AnyChart to implement Flash
charting in Oracle Application Express (APEX) used by
100,000 developers monthly as of March 2007.

With the APEX 4.2 release in 2012, AnyChart 6 was introduced with the support
of HTML5 charts based on SVG rendering in addition to Flash charts. Version 7.x
of AnyChart was already completely based on JavaScript and HTML5.

AnyChart 8.x first released in 2017 has a modular system and supports more than
90 chart types, including variations of basic charts, Gantt charts, stock graphs
with technical indicators, and maps, along with custom drawing and diverse
options to work with data. In 2019, it also became available as visualization
extensions for Qlik Sense.

TENSORFLOW

TensorFlow is a free and open-source software library for machine learning. It can
be used across a range of tasks but has a particular focus on training and inference
of deep neural networks.

Tensorflow is a symbolic math library based on dataflow and differentiable

programming. It is used for both research and production at Google.

TensorFlow was developed by the Google Brain team for internal Google use. It
was released under the Apache License 2.0 in 2015.

ALPACA

Alpaca is a smart trading platform designed for developers, investors, and traders.
The company has designed its platform for financial markets in the United States
and is a registered securities broker.

The company's platform is an application programming interface (API) for stock

trading that allows users to trade with algorithms, connect with applications, and
build services. The software development kits are available in Python, Node, and
more. The trading algorithms can be executed commission-free, which allows for
users to buy, sell, and short stocks in the United States. The platform allows for
users to see market updates in real-time for both paper trading and live trading.
SCREENSHOTS

Main Screen layout

Sample ChatBot
REFERENCES
Polson, Nick and Witte, Jan, Deep Learning for Finance: Deep Portfolios (September
05,2016). Available at SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2838013

Zetzsche, Dirk and Buckley, Ross and Arner, Douglas and Nathan Barberis, Janos, From 
FinTech to TechFin: The Regulatory Challenges of Data-Driven Finance (April 28,
2017).Available at SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2959925

Lopez de Prado, Marcos, Advances in Financial Machine Learning (October 20,

2018).Available at SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3270329

Filipe Ewald Wuerges, Artur and Alonso Borba, Jose, Artificial Intelligence Systems Applied to
Accounting, Auditing and Finance (August 26, 2009). Available at SSRN:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1462453