Demo Abstract: Smart Piggy Bank: In-Home Banking System for Children

Abstract

In this paper, we present a smart piggy bank that connects a traditional piggy bank to on-line bank account. In order to detect saving behavioral patterns, we used a simple needle switch that transfers information of inserted coins to the smart phone application through Bluetooth. The application helps the parents make a decision to transfer pocket money to the bank account linked to the smart piggy bank. We expect the proposed system to be able to collect financial big data related to saving behavior and to provide new financial services.