Under the hood

Achieving a goal is often determined by the economic availability that can be accumulated to achieve it. Therefore, the first version of MAP is aimed at accompanying the user in solving this problem. Subsequent evolutions will make it usable for any non-financial goal.

At the same time, we will make educational material available to the user on our specialized site (MPW) to acquire behavioral awareness of everything that concerns the advanced savings process (+ intelligent income + expenditure - waste + recovery of savings lost unknowingly) to bring their monthly savings capacity to a higher level.

Self-control type A

Verify that the user is diligent in learning and updating himself over time, on MPW (which provides dynamic education tools functional to facilitate the achievement of one's goals related to the money saved).

The subscriber is monitored on the pages he reads on the MPW site and for how many minutes each month, that is, how much time he dedicates to his training and his updating.

MAP reports online if the user detects that he is not doing enough, he can independently set how severely and how often he wants to be called back.

The subscriber can also set, at his choice, a daily alert.

In addition, he will receive a summary of the results obtained every fortnight.

Self-control type B

Once the projects that the user wants to achieve have been defined (with what deadlines, what is the target amount; to make it easier we provide our specialized Lifeplan tool) MAP defines the simplest path for the user to reach them.

Step 1 - The user uploads the aforementioned data - as many pages as the objectives he wants to achieve

At the same time, he opens a current account with sub-accounts that he will use as a savings account (regardless of the origin of the money to accumulate)

Step 2 - Based on his choices, MAP elaborates on the path that leads to the finish line.

Step 3* - Since the objective is 1 to maintain purchasing power at maturity 2 to outperform if possible but without risks for the project, MAP goes fishing in the primary database to which it is connected, the ETFs (or other instruments with very low costs) with that maturity and offers the user to choose one, from a range of 3 potentially suitable ones** that have different investment areas. Alternatively, the user can independently select other assets he wants to use.

Step 4* - Every month the tool notifies user A if, based on the above path, he is up to date with payments (otherwise the alarm goes off) and B how much of that security he must buy.

It also tells him that with the total of the monthly savings made up to that point and the price of his choice as per step 2, it is in line with the path, reporting with graphs and tables.

The user purchases the planned securities every month (but it is also possible to give a standing order to the bank) paying from the savings account (as per point 1) and parking the ETFs on the sub-account dedicated to that project. This is the case for each project and from month to month until maturity.

step 5* - From month to month, upon request from the subscriber, MAP shows what choice it would propose if it were to start at that moment, without prejudice to the maturity date. (so that the subscriber, if he wants, can update the investment).

*The process can be fully automated if the user allows the reading of his/her bank details as regulated by Open Banking (EU PSD2 directive).

**No tools with dividends, both for tax convenience and to make the compound interest work to the maximum.

Diversification - Since there is more than one project and the ETFs purchased are various (1 for each project) therefore, overall, the investment is diversified.

Actually, My Accountability Partner enables you to:

- set your saving goals (amount, duration, expiration)
- set a proper saving schedule
- suggest the more appropriate saving assets
- recap you saving plan achievements, earnings and completion percentage

Our engagement plans, aimed at keeping you focused on your goals, can be customized on your special needs: from a monthly mailing recap to a daily reminder.

This way, you can choose the best approach, timing and notification channel (email, push notification on mobile or browser, sms etc).

It's all in your pocket, it's up to you to disclose its power!