The company Intelligent Environments launched a banking platform integrated with the Internet of Things in a scheme resembling IFTTT ("if it is, then"). If you spend extra money, you will be shocked. If you're too wasteful, the Nest thermostat in your home will turn off the heating.
Developers from banks with the help of such a platform will be able to create new scenarios, helping weak people to save their money.

A third of the millennials (people born in the 1990s) are afraid to look at bank accounts. To help them save money, Intelligent Environments
launched the world's first “Internet of Things Bank”. Smart devices like a thermostat Google Nest and a bracelet from Pavlok using the platform can be attached to a bank account.
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Bracelet
Shock Clock was created as an alarm clock with a shock. Users got used to the fact that at a certain time the gadget would wake them up with a current shock, and they would start waking up a few minutes before the scheduled time to turn off the device. In the case of the banking platform, this Pavlok bracelet should “train” the owner not to spend extra money.
Thermostat Nest, which, together with the company
bought Google in 2014 for 3.2 billion dollars, will help save on heating. As soon as the amount of funds in the bank account falls below a certain mark, the heating is turned off. Intelligent Environments cites Energy Saving Trust research, according to which a temperature drop of 3 degrees can save the user 255 pounds per year.
Now the company is negotiating with banks and credit card issuers to introduce this system throughout the near future.
It will be interesting to read the news that the platform was hacked, and people around the world got an electric shock just like that. But the developers report that the system is protected by AES 128-bit encryption and TLS 1.2.