In the future, we will need robo-advisors to be able to understand our needs. The most basic step is to be able to pull our financial data from across banks. Here, we will assume that we are customers of consumer banking services from the US who are staying in the UK. We are looking for wealth planning for a family of four—a married couple and two kids. What we want is a robo-advisor to perform all our financial activities for us.
We will retrieve all the necessary transaction data from the Open Bank Project (OBP) API to forecast our expenditure forecasting via Open Bank API. The data that we will be using will be simulated data that follows the format specified in the OBP. We are not going to dive deep into any of the software technologies while focusing on building the wealth planning engine. The family description we'll be using has been obtained from the Federal Reserve (https://www.federalreserve...
