ORCA Dashboard: a selection of basic and sophisticated use-cases

ORCA Dashboard will be implemented in two stages — initial development stage to ensure underlying platform connectivity, and advanced development stage to provide diverse solutions.

Initial development will enable ORCA users to aggregate all payment accounts on to a single display and initiate transactions through the platform. Most importantly, it will allow to bypass the need of logging into separate accounts whenever payments are due. You will be able to do it all through ORCA Dashboard. Pretty neat, right? That’s Open Banking in a nutshell.

Interoperability representation of ORCA platform

What is more, ORCA Dashboard will notify and alert the user every time funds are moved. Some functional examples of the initial ORCA platform include:

Flash snapshots of financial position, account balances and outstanding liabilities;

Automated transactions of recurring payments — rent, leases, memberships, subscription services, etc.;

Support of everyday financial transactions (i.e. buying airplane tickets, splitting the bill in a restaurant, ordering travel insurance);

Notifications about changes in account balances, reminders to put away savings and other customizable alerts.

Meanwhile, the advanced development stage will be oriented towards users with apt knowledge of financial markets. By using ORCA tokens to unlock additional functions, platform users will enjoy access to a plethora of sophisticated services tailored to suit financial goals, reduce risk and adapt to individual preferences.

To make the Dashboard even more attractive and useful, ORCA is integrating various opportunities offered by the crypto-economy into the platform. ORCA aims to offer individuals fund management alternatives which are in sync with the changing market sentiment. The way society thinks about personal finance management is being transformed. We at ORCA want to empower people and equip them with the right tools to achieve financial independence.

“When we first started discussing crypto services, initially we thought of establishing a crypto-bank, but after a while it seemed as a step backwards from the concept of decentralization. Open Banking however, is a definite step ahead towards an integrated future. Thanks to PSD2, ORCA will be able to combine traditional financial services and the crypto-economy under one roof in a user-friendly way.” — Natan Avidan, CEO of ORCA Alliance.

More information about crypto services available in ORCA App Center and advanced development stage of ORCA Dashboard will be discussed in following articles.