Financial UI Bar Chart Visualization for Income Spending Tracking
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Solution Overview
Problem
Existing Internet banking systems lack a clear and convenient way for customers to visualize the relationship between their income and spending, making it difficult for them to manage their finances effectively.
Innovation Solution
A user interface displaying income and spending bars, where the dimensions of the bars are proportional to the respective amounts, allowing customers to easily compare their income and spending over various time periods, including current and historical periods, and considering both actual and expected income and spending.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If traditional text-based account balance inquiries and transaction information displays are used, then customers can access their financial data, but customers cannot clearly understand the relationship between their income and spending
Solution Approach 1:
The patent creates visual copies (graphical representations) of financial data that simplify the understanding of income-spending relationships. Instead of displaying raw numerical data, the system generates visual copies such as bar charts, pie charts, and other graphical elements that represent financial transactions, making the relationship between income and spending immediately apparent to customers.
Solution Approach 2:
The patent transforms one-dimensional numerical financial data into two-dimensional visual representations. By adding graphical dimensions (height, width, color intensity) to represent different financial parameters, the system enables customers to perceive income-spending relationships more effectively. For example, bar height represents transaction amounts, and bar position represents time periods, creating a visual map of financial flow.
2Ease of operation
If detailed transaction information is provided in text form, then complete financial data is available, but it becomes difficult for customers to quickly grasp their overall financial situation
Solution Approach 1:
The patent utilizes color variations to encode different types of financial information and enhance comprehension speed. Different colors represent different transaction categories (e.g., income vs. expense, planned vs. actual spending), allowing customers to quickly distinguish between various financial elements without reading detailed text descriptions. Color intensity and hue changes provide immediate visual cues about financial health and trends.
Solution Approach 2:
The patent divides complex financial data into segmented visual components that can be independently analyzed and understood. Financial transactions are segmented by time period, category, and amount, with each segment represented as a distinct visual element. This segmentation allows customers to focus on specific aspects of their finances (e.g., monthly spending patterns, category-wise distribution) without being overwhelmed by the complete dataset.
Data Source
AI summary
Computer implemented methods of tracking customer spending and income are provided. The methods may comprise aggregating spending transactions by estimating income to a customer during a first time period. The methods may also comprise displaying a user interface to the customer. The user interface may comprise a first bar indicating customer income and a second bar indicating customer spending.