Hello All,
My team is contemplating on a business idea and we need feedback from you Nairaland members.

Our idea is to help Nigerians deal with common issues we face with our banks. A lot of people have common issues running the bank account in Nigeria. We usually have accounts with multiple banks so we avoid getting ripped off by one bank. We are thinking of creating a web based software that helps to protect and warn you of banking issues you may have as well as help you maximize your banking potential (save you money on fees).

Here are some of the benefits the web software will have:

1. Automatically calculate your monthly COT to ensure bank is charging you the right amount. Warns you if there is a discrepancy.
2. Automatically calculate your monthly SMS charges. Warns you if there is a discrepancy.
3. Analyzes your monthly spending pattern and suggest other types of accounts that can save you money and how much you save if you switch.
4. Determine all the banks exchange rate for currency based on crowdsourcing information. So you can pick the best card/bank to shop internationally.
5. Produces a summary/graph of the monthly credits and debits across all your accounts so you can make better decisions of your spending.
6. View your monthly spending budget and set alerts to warn you when you are over budget.

We think these features will be beneficial to any one banking in Nigeria.
But to make this work we will need users to sign-up and enter their online banking username and password/pin.
The system needs to get your account data to provide you with these valuable resources. This will be done in a safe manner and no transactions can occur on your account with just you online banking username and password/pin. We do *NOT* need your token.

So the question is....

Will you feel comfortable providing your Online banking username/password to have this system monitor your bank accounts?


Please answer yes or no.

BetaQuick: Hello All,
My team is contemplating on a business idea and we need feedback from you Nairaland members.

Our idea is to help Nigerians deal with common issues we face with our banks. A lot of people have common issues running the bank account in Nigeria. We usually have accounts with multiple banks so we avoid getting ripped off by one bank. We are thinking of creating a web based software that helps to protect and warn you of banking issues you may have as well as help you maximize your banking potential (save you money on fees).

Here are some of the benefits the web software will have:

1. Automatically calculate your monthly COT to ensure bank is charging you the right amount. Warns you if there is a discrepancy.
2. Automatically calculate your monthly SMS charges. Warns you if there is a discrepancy.
3. Analyzes your monthly spending pattern and suggest other types of accounts that can save you money and how much you save if you switch.
4. Determine all the banks exchange rate for currency based on crowdsourcing information. So you can pick the best card/bank to shop internationally.
5. Produces a summary/graph of the monthly credits and debits across all your accounts so you can make better decisions of your spending.
6. View your monthly spending budget and set alerts to warn you when your over budget.

We think these features will be beneficial to any one banking in Nigeria.
But to make this work we will need users to sign-up and enter their online banking username and password/pin.
The system needs to get your account data to provide you with these valuable resources. This will be done in a safe manner and no transactions can occur on your account with just you online banking username and password/pin. We do *NOT* need your token.

So the question is....

Will you feel comfortable providing your Online banking username/password to have this system monitor your bank accounts?


Please answer yes or no.

hmmm nice idea but i was preparing to ask how you will be able to get all the data....but for you asking the if people will feel comfortable giving out their banking username and password i think i get it and that will be your challenge because i will not give it out.

maybe you guys should look for a way to do this without users giving you their money highways, else trust me its not gonna work

Username and password?? Nope can never work! This is nigeria, not usa where once they know the whole thing is secure,they'll succumb, but naija?even if you are using 20forms of security...pfft! Wouldnt work..Few ppl will do it, but not a lot.

This ingenuity of an idea would be a bomb in a sane country, but in Nigeria, nah!

No matter how good or pure your intentions are, no sane Nigerian will release such vital info to you! No thanks to the unlimited fraudsters!

Good luck though!

it will be very difficult getting people to give out their usernames and passwords as the banks even advice against it.
but I'm thinking, if you could have some kind of relationship with the banks involved, we bank customers will be more assured that our details are in safe hands.
**i don't know if this makes any sense**

Thanks for the responses. Appreciate it.