Retiring in Singapore is not an easy task. As we continue to top the charts in the cost of living index, many elderly are struggling to cope with rising costs and are unable to be financially independent.
SilverWallets is a FinTech app specifically developed to cater to the elderly in Singapore, helping them to better manage their wealth.
This app is built on the Python Kivy platform, hosting a simple and clean UI. It utilises regression models trained via the scikitlearn Python package. These models help to accurately predict users' upcoming expenditures, plotting them on a scatter plot.
Our Advisory Spending Limit system is designed to create a daily budget based on the income of the user, as well as comparing their spending habits against the general spending patterns of other Singaporeans and the government's official guideline. It is formulated based on real-world data provided by the Singaporean Government and independent researchers. It helps the user to visualise their expenditures through matplotlib's line graph and pie chart.
The app also features a receipt OCR to allow for easier input of data, and a Firebase backend to save user's data, enabling the sharing of accounts with family members and safeguarding it against digital threats.
Our GitHub repository: https://github.com/fisherman-23/silverWallets
Developed by: Aiden, Jing Shun and Xi Ian