Relationship-based access to your personal finances

Team sthana.ai had a moment of epiphany over the last weekend. We realized that access to your personal finances, from the point of view of continuity, ought to be relationship-based.

Allows us to explain.

We’ve illustrated previously that your world of personal finance can be very broad. We’ve also effectively made the case for COVID-proofing your personal finances. Having said that, we now realize that providing access to your personal finances to your family, loved ones, and dependents should be based on relationships, rather categories of relationships.

The health insurance portion of your personal finance portfolio which includes government identification cards, health insurance cards, health insurance policy documents, insurer helplines, and such should be made accessible to everyone – generally your family, loved ones, and dependents – since you cannot predict who may need to access this in the time of a health emergency.

However, the bank accounts portion of your personal finance portfolio should be made accessible to, for example, your spouse, your parents, and your spouse’s parents. The same argument can be extended to other personal finance assets of a sensitive and monetary nature.

It’s what we call relationship-based access control and is a very useful and incredibly powerful mechanism to share access to your personal finance portfolio.

Our software makes it trivially simple to assign such relationship-based access control over your personal finance portfolio. Our software makes it easy to visually create your family tree (think drag and drop) and assign portions of your personal finance portfolio anywhere into that family tree. You can then share and send a secure access link to each member in your family tree who can then access the information after a secure and multi-factor authentication and identity verification mechanism.

As we like to say, it’s all in the relationships!

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