Decentralized, open banking, contextual decision support tool for virtual, augmented, and mixed reality
Methods and systems for decentralized, open banking, contextual decision support tools in virtual, augmented, and mixed reality environments are provided. According to one example, a wearable electronic device maintains access to a network of decentralized open banking data nodes. After receiving a data operation including contextual data from a plurality of sensors of the wearable electronic device, the device processes the data operation to generate context-aware financial information using industry semantics and updates the display with the results of the data operation and present the context-aware financial information within a zone of the metaverse environment corresponding to a financial category.
1 . A method for providing an immersive banking experience in a metaverse environment, the method executed at a wearable electronic device comprising a processor, a memory, a network interface device connected to a network, a plurality of sensors, and a display configured to render a virtual reality environment, the method comprising:
accessing, via the network interface device, a plurality of data items from one or more nodes of a decentralized open banking network, each data item associated with a financial category;
receiving, at the wearable electronic device, a data operation including contextual data from the plurality of sensors, the contextual data comprising at least geolocation, orientation, and motion attributes of the wearable electronic device;
processing the data operation by: maintaining, in the memory, a plurality of predefined three-dimensional zones in the virtual reality environment, each zone corresponding to a respective virtual object and corresponding to a different financial category; for each of the zones, selecting, by the processor, a subset of the data items associated with the corresponding financial category and generating context-aware financial information for the zone based on the contextual data; and determining, from the contextual data, which of the plurality of zones are within a current view of the metaverse environment from a perspective of a user of the wearable electronic device; and
responsive to the processing, updating the display by rendering, in only the zones determined to be within the current view, respective immersive three-dimensional interactive graphical elements that present the corresponding context-aware financial information within the metaverse environment.
2 . The method of claim 1 , wherein the wearable electronic device is a virtual reality headset.
3 . The method of claim 1 , wherein the wearable electronic device is an augmented reality headset.
4 . The method of claim 1 , wherein the wearable electronic device is a mixed reality headset.
5 . The method of claim 1 , wherein the wearable electronic device is a smartphone, tablet, or smartwatch comprising a display screen that is configured to display a simulation of the metaverse environment on the display screen.
6 . The method of claim 1 , further comprising templatizing the metaverse environment into different zones, each zone corresponding to a different financial category.
7 . The method of claim 6 , wherein the financial categories include at least one of: credit card, loyalty, benefits, mortgage, car loans, insurance, and wealth.
8 . The method of claim 1 , wherein the context-aware financial information includes at least one of: personalized information, predictive information, and recommendations.
9 . The method of claim 1 , wherein the processing further comprises: categorizing the accessed plurality of data items into the spatially distinct zones defined by financial categories comprising credit cards, loyalty rewards, mortgages, car loans, insurance, and wealth management, wherein each spatially distinct zone is visually rendered as a contextualized, interactive, and immersive three-dimensional graphical environment; employing a rendering engine to present the context-aware financial information, allowing real-time user interactions within the spatially distinct zones; implementing data processing algorithms to generate predictive and personalized information based on individual user's financial behaviors and patterns; and generating analytical insights and data from multiple sources within a banking institution's digital ecosystem.
10 . The method of claim 1 , further comprising requiring user authorization prior to accessing personal or financial data; restricting data processing and display to only data authorized by the user; enabling customization of the metaverse environment without requiring the user to modify program code; and applying data handling procedures that include redacting or replacing identifying information prior to display within the metaverse environment.
11 . The method of claim 1 , wherein the context-aware financial information includes insights and offers associated with the accessed data items.
12 . The method of claim 1 , further comprising rendering visual effects within the metaverse environment based on the context-aware financial information comprising interactive 3D representations of financial instruments for tactile engagement, dynamic real-time visualizations of financial trends and predictive analyses, colour-coded symbols and animations for intuitive conveyance of information, contextually triggered visual cues and alerts for potential financial risks or opportunities, and distinct thematic zones corresponding to various financial sectors or products.
13 . The method of claim 1 , wherein the processing of the data operation further includes generating visual effects within the metaverse environment comprising context-sensitive animations triggered by user inputs detected by the sensors of the wearable electronic device; wherein the animations comprise visual transitions of financial data, opening of interactive windows, or changes in viewpoint in response to user gestures or changes in orientation; and limiting the visualization and interaction with financial data to data items that the user has expressly authorized for use.
14 . The method of claim 1 , further comprising personalizing the metaverse environment by incorporating user-specific data and preferences, allowing for the creation of a tailored virtual environment that reflects the user's individual financial behaviors, interests, goals, and lifestyle.
15 . The method of claim 1 , wherein the data operation incorporates generative AI language models to process and generate natural-language-based financial insights, recommendations, and alerts, facilitating an intuitive and conversational interface between the user and the financial metaverse.
16 . The method of claim 1 , wherein the processing of the data operation further comprises: utilizing a large language model to process financial data items and contextual data associated with the user; generating natural-language-based financial insights, recommendations, or alerts based on the processed data; and presenting the generated outputs within the metaverse environment in association with corresponding financial categories.
17 . The method of claim 1 , wherein the metaverse environment is dynamically updated in real-time based on changes in the user's financial data and contextual information, ensuring the user receives the most current and accurate financial information and recommendations within the metaverse.
18 . The method of claim 1 , further comprising incorporating the use of machine-learning algorithms and models to analyze and learn from the user's financial behaviors and decisions within the metaverse.
19 . The method of claim 1 , wherein the processing of the data operation involves the utilization of distributed ledger technologies comprising blockchain technologies to secure and validate financial transactions conducted within the metaverse environment, while also facilitating smart contracts to automate transactional processes.
20 . A wearable electronic device comprising a processor, a memory, a network interface device connected to a network, a plurality of sensors, and a display configured to render a virtual reality environment, wherein the processor is configured to:
access, via the network interface device, a plurality of data items from one or more nodes of a decentralized open banking network, each data item associated with a financial category;
receive a data operation including contextual data from the plurality of sensors, the contextual data comprising at least geolocation, orientation, and motion attributes of the wearable electronic device;
maintain, in the memory, a plurality of predefined three-dimensional zones in the virtual reality environment, each zone corresponding to a respective virtual object and corresponding to a different financial category;
process the data operation by, for each of the zones, selecting a subset of the data items associated with the corresponding financial category and generating context-aware financial information for the zone based on the contextual data, and by determining, from the contextual data, which of the plurality of zones are within a current view of the virtual reality environment from a perspective of a user of the wearable electronic device; and
responsive to the processing, update the display by rendering immersive three-dimensional interactive graphical elements presenting the context-aware financial information in only the zones determined to be within the current view, such that financial information from multiple financial categories is presented in spatially distinct zones that remain visually registered to the respective virtual objects as the user moves within the virtual reality environment.