Social Networking for Emotional Banking.
TECHNOLOGY FOR HUMANITY …
First global platform linking Social Networking
with Emotional Banking and Social Engagement for a more human world.
STAKEHOLDERS
Challenges, needs and expectations
Banks - challenges
- Increasing competition
- Local banks fear competition by established FinTechs and Social Network Giants, which shake up the banking sector by offering basic banking products.
- Newcomer and Challenger Banks reduce the barriers and costs for changing the bank.
- Increasing margin erosion reinforces this fierce competition and puts banks under additional pressure.
- Banks do not exploit competitive advantages of having their own existing customer communities.
- Race against emotional indifference
- Digitalization slowly reaches its limits. New generations absorb technical advances without generating positive emotions.
- Banks are not recognized as a HUB of the local community and economy. At the same time customers are looking for banks that care.
- Newer generations are rarely banks` fans and promoters. Insufficient customer intimacy and binding can be observed.
- Image erosion
- The perception of “green washing”, being “greedy” and “profit-at-any-cost” organization is spread among the customers.
- Formal ESG compliance is not enough …. Banking has to have positive impact on communities and environment, and take an active role in the social transformation.
Banks can make the difference with HUGS and transform traditional banking to be more human and aspirational.
Citizens - needs and expectations
- Emotional banking
- Banking for new generations is needed: portable, simple and intuitive, driven by emotions and “money moments”.
- Everything at a fingertip at any time … a whole new world in your pocket.
- Banking that links mobile payments with alternative digital token system, gamification and emotions.
- Social engagement
- Banking shall become more sustainable, human and socially engaged, going beyond the traditional services, linking modern banking with social networking, interaction, and emotions.
- Stimulating and rewarding social engagement and interaction, banking shall enable and connect customers into a network of like-minded people, taking care of the local communities.
With HUGS you can make the difference, developing your community, helping those in need, taking care about our environment and building a sustainable network of active and emotionally engaged community members. All this enabled and supported by your local bank through linking traditional banking to social engagement, rewarding and interaction.
Local businesses - needs and expectations
- Business promotion
- Local businesses can promote products and services in the entire HUGS network by accessing and addressing product-specific target groups, or yet unexploited B2B and B2C customer segments.
- Businesses can expand activities by attracting customers with special combined cash-token offerings outside of their existing local reach.
- Branding
Local businesses can create brand awareness and gain on reputation through social interaction, engagement, and rewarding of social engagement.
“… do good things and talk about it …”
- Community contribution
Participating in projects and initiatives, and serving as reliable partner within the entire network, local businesses can contribute to the well being of local community. They become trade centres for rewarding of social contribution, act as enablers of the HUGS-token, and as exchanges of earned social recognition.
You can make a difference with HUGS, achieve business growth addressing specific target groups and combine it with social engagement in your community.
NGO`s - needs and expectations
- Funding
- Simple creation, initiation and promotion of projects and initiatives with easy access to local and global funding sources.
- Innovative forms of volunteering and donation of money, effort and HUGS tokens. Everything with zero withholdings, costs or hidden taxes.
- Transparency
- Full transparency of generation, distribution, usage, and direct transfer of funds, backed by sophisticated social control.
- Elements of social interaction and control related to who, what or when are publicly visible.
- Verification of HUGS accounts is ensured by the onboarding processes of the bank of affiliated bank.
- Awareness and social control
- Access to relevant stakeholders such as governments, businesses, and citizens for promotion of specific initiatives.
- Intrinsic social control by involved and socially active HUGS members, who serve as gate keepers … comment, share, like, dislike, promote, …
You can make the difference with HUGS, have access to global funding sources in a fully transparent process of distribution, transfer and usage of funds.
Governments - needs and expectations
- Aid distribution
Facilitation of targeted social aid distribution by governmental bodies and reduction and elimination of social security fraud. All this is backed by transparent digital processes and control mechanisms.
- Awareness
- Sensibilize community members on acute social problems and create awareness on local projects, initiatives, and causes.
- Have access to relevant stakeholders such as businesses, citizens, and NGOs with possibility for promotion on specific initiatives and easy ad-hoc mobilization of resources.
- Community
Governmental bodies act as supporters of local community development by promoting social engagement and control, encouraging volunteering, helping and stimulating businesses in rewarding of social contribution.
You can make the difference with HUGS, turning governmental bodies into orchestrators for sustainable local community development.
About Us
We are a team of professionals from different industries with a common goal of making our world a more human place by using modern technology.
Initiated in 2018 as an altruistic concept and idea of the three co-founders, over the last years HUGS turned to be the best prove that a for-profit concept doesn’t have to contradict to principles of social engagement, altruism and humanism. HUGS meets the needs of its stakeholders making at the same time our society and our planet a better and more human place.
WHO WE ARE
Meet our team
ADDED VALUE
HUGS meets the needs of its stakeholders
HUGS WALLET
Connected to your mobile banking
COMMUNITY
Connect to like-minded people
INITIATE PROJECTS
Fund own projects or other initiatives
MARKET PLACE
Combined cash-hugs transactions
DONATIONS
Donation of money, time or HUGS
SECURITY & CONTROL
Social project control and transparency
FEATURES
Features you get with the hugs app
Initiation of pojects
Initiate and fund your own projects
or support other initiatives and ideas
Funding of projects
Donate effort or money for your preferred
causes or support people in need.
PROJECTS
Listed Projects
Teatre Roof Construction
Vienna, Austria
Initiator: Ivan Ivanov€ 30,000
Teatre Roof Construction
Vienna, Austria
Initiator: Ivan Ivanov€ 30,000
Teatre Roof Construction
Vienna, Austria
Initiator:
Ivan Ivanov
€ 30,000
Teatre Roof Construction
Vienna, Austria
Initiator: Ivan Ivanov€ 30,000
Teatre Roof Construction
Vienna, Austria
Initiator: Ivan Ivanov€ 30,000
Teatre Roof Construction
Vienna, Austria
Initiator:
Ivan Ivanov
€ 30,000
Partners
Our partners
TESTIMONIALS
Why everyone benefits from HUGS
Hugs App available soon
iOS and Android
Coming soon...
