System and method for determining social statements

Abstract

Systems and methods are disclosed for providing a social statement for an account holder of a financial institution. In one example embodiment, the method includes receiving, by one or more computer processors, account holder financial data associated with the account holder, and receiving, by the one or more computer processors, account holder social data associated with one or more social networking profiles of the account holder. The method further includes associating, by the one or more computer processors, the account holder social data with the account holder financial data. In addition, the method includes identifying peer financial data associated with a peer group, and creating a social statement based at least in part on the account holder financial data, the account holder social data, and the peer financial data. Further, the method includes providing the social statement to the account holder.

What is claimed is: 
     
         1 . A method comprising:
 receiving, via a first network connection, financial data for an account holder from a financial institution system;   receiving, via a second network connection, social data for the account holder from a social networking system;   receiving, via the second network connection, user social data for a plurality of users of the social networking system;   determining, based on the social data and the user social data, a peer group having at least one social networking profile factor in common with the account holder;   receiving, via the first network connection, anonymized financial data for the peer group;   determining, based on the financial data and the anonymized financial data, one or more spend categories; and   providing instructions to an account holder device to generate an interactive card on a display of the account holder device including one or more total spend comparisons between the account holder and the peer group, and a selectable element to filter the one or more total spend comparisons based on the one or more spend categories.   
     
     
         2 . The method of  claim 1 , wherein the at least one social networking profile factor includes geographic area, common interests, or shared social connections. 
     
     
         3 . The method of  claim 1 , wherein the at least one social networking profile factor includes family members, sports teams, or hobbies. 
     
     
         4 . The method of  claim 1 , further comprising:
 providing instructions to the account holder device to generate a social statement including a representation of the anonymized financial data.   
     
     
         5 . The method of  claim 1 , wherein the interactive card further includes one or more vendors that are trending, the trending being based, in part, on the anonymized financial data. 
     
     
         6 . The method of  claim 1 , further comprising:
 identifying, from the anonymized financial data, a first group of one or more vendors that are most popular with the peer group; and   identifying, from the financial data, a second group of one or more vendors where the account holder has made a purchase,
 wherein determining the one or more spend categories is further based on a comparison between the first group of one or more vendors and the second group of one or more vendors. 
   
     
     
         7 . A social statement system comprising:
 a first network connection;   a second network connection;   one or more processors; and   memory, comprising one or more databases, and instructions that, when executed, cause the one or more processors to:
 receive, via the first network connection, financial data for an account holder from one or more financial institutions; 
 identify, from the financial data, a first group of one or more vendors where the account holder has made a purchase and one or more locations associated with the first group of one or more vendors; 
 receive, from an account holder device, a current location of the account holder device; 
 determine a second group of one or more vendors that are both in the first group of one or more vendors and within a predetermined distance of the current location; and 
 send instructions to the account holder device to cause the account holder device to generate an interactive map on a display of the account holder device including a first location-based alert with the second group of one or more vendors and a spend trail including a first selectable element to filter transactions for the account holder based on location. 
   
     
     
         8 . The social statement system of  claim 7 , wherein the instructions, when executed, further cause the one or more processors to:
 receive, via the second network connection, social data for the account holder from one or more social network systems and user social data for a plurality of users of the one or more social network systems;   determine, from the social data and the user social data, a peer group having at least one social networking profile factor in common with the account holder;   receive, via the first network connection, anonymized financial data for the peer group;   identify, from the anonymized financial data, a third group of one or more vendors that are most popular with the peer group; and   send instructions to the account holder device to cause the account holder device to update the interactive map to include a second location-based alert with the third group of one or more vendors.   
     
     
         9 . The social statement system of  claim 8 , wherein the instructions, when executed, further cause the one or more processors to:
 determine one or more peer criteria based on the social data; and   identify the peer group based on the one or more peer criteria.   
     
     
         10 . The social statement system of  claim 9 , wherein the one or more peer criteria comprise one or more of age, gender, or relationship status. 
     
     
         11 . The social statement system of  claim 8  wherein the instructions, when executed, further cause the one or more processors to:
 send instructions to the account holder device to cause the account holder device to enable the account holder to share, via the one or more social network systems, at least one of the first group of one or more vendors where the account holder has made a purchase. 
 
     
     
         12 . The social statement system of  claim 7 , wherein the spend trail further includes a second selectable element to filter transactions for the account holder based on a spend category. 
     
     
         13 . The social statement system of  claim 7 , wherein the interactive map further comprises a third group of one or more vendors sponsored by the social statement system. 
     
     
         14 . A user device comprising:
 a display;   a network connection;   global positioning system (GPS), or cellular-based, location services;   one or more processors; and   memory including instructions that, when executed, cause the one or more processors to:
 retrieve, via the network connection, financial data for a user from one or more financial institutions; 
 identify, based on the financial data, a first group of one or more vendors where the user has made a previous purchase; and 
 generate, on the display, an interactive map including a first location-based alert with the first group of one or more vendors and one or more selectable elements to enable the user to share at least one of the first group of one or more vendors via one or more social network systems. 
   
     
     
         15 . The user device of  claim 14 , wherein the instructions, when executed, further cause the one or more processors to:
 retrieve, via the network connection, social data for the user from the one or more social network systems and user social data for a plurality of users of the one or more social network systems;   determine, from the social data and the user social data, a peer group having at least one social networking profile factor in common with the user;   retrieve, via the network connection, anonymized financial data for the peer group; and   identify, from the anonymized financial data, a second group of one or more vendors that are most popular with the peer group,
 wherein the interactive map further includes a second location-based alert with the second group of one or more vendors. 
   
     
     
         16 . The user device of  claim 15 , wherein determining the peer group includes:
 determining one or more peer criteria based on the social data; and   identifying the peer group based on the one or more peer criteria.   
     
     
         17 . The user device of  claim 16 , wherein the one or more peer criteria include one or more of interests, social groups that the user is a member of, or entertainment preferences. 
     
     
         18 . The user device of  claim 14 , wherein the instructions, when executed, further cause the one or more processors to:
 identify, based on the financial data, one or more locations associated with the first group of one or more vendors;   determine, using the location services, a current location of the user device; and   determine a second group of one or more vendors that are both in the first group of one or more vendors and within a predetermined distance of the current location,
 wherein the interactive map further includes a second location-based alert with the second group of one or more vendors, and 
 wherein at least one of the one or more selectable elements enables the user to filter transactions for the user based on location. 
   
     
     
         19 . The user device of  claim 14 , wherein at least one of the one or more selectable elements enables the user to filter transactions for the user based on a spend category. 
     
     
         20 . The user device of  claim 14 , wherein the interactive map further includes a spend trail comprising vendors that are trending up, popular, or sponsored.