Red Ink : open source financial analytics for people & communities

Abstract

Red Ink is an open source social-financial web-service that enables people to share, aggregate, analyze, visualize and publish their financial transactions as individuals and ad-hoc groups, through data sharing campaigns. Virtual and geographic communities of financial data sharers can form on Red Ink to create new sources of information for self-knowledge and understanding of complex personal, community, economic, environmental, and civic concerns and how to better coordinate their solutions. Red Ink posits that just like volunteering time or donating money, personal financial data is itself an asset that people can share to gain group leverage. Further, in the hands of everyday people, the data and tools of corporate scale consumer analysis will be reborn to serve larger and more personally meaningful goals.