POND
A conceptual risk pooling fin-tech solution
HACKATHON WINNER - BEST UI/UX DESIGN
Financial Technology, BnB, Conceptual
VIT Vellore, 2018
BRIEF SELECTED
$700 B
Most people think that the big bank bailout was the $700 billion that the treasury department used to save the banks during the financial crash in September of 2008. But this is a long way from the truth because the bailout is still ongoing. During the housing bubble Wall street was considered the heart and soul of free market capitalism, but when they were in danger of total collapse they fell on their knees as socialists, begging the government and tax payers to bail them out. -The Big Bank Bailout, Forbes 2015.
PROBELM
SOLUTION
A platform for a companies and start ups of varying sizes to be safe from financial raodbumps. Pond attempts to conceptualize online "Risk pooling' for businesses, allowing them to form safe and diverse 'ponds' that assure to help in event of market failures.
POND -SERVICE JOURNEY BREAKDOWN
Companies and startups act as big and small fish respectively providing a huge coefficient of diversity. This ensures financial security when a member in the pond collapses
A Pond in need of capital is provided with the required amount from the common security pool.
Thus, POND is extremely helpful for budding startups as risk taking for young founders is important for growth and radical development of the scale of the company.
POND provides a pool for organisations of varied scales depending on diversity coefficients. Once a startup outgrows the pond, they can jump ponds and pool their eggs in a bigger pond.
