- San Francisco
- FinTech
- 8 weeks
- B2C
- Java, PostgreSQL, React, AWS, Okta
Project Brief
An online bank sought to upend the established banking industry by providing a wide range of financial services on a mobile-only platform. To give clients a smooth and customised banking experience, they envisioned a scalable and secure FinTech software development.
Client Background
The neobank was established by seasoned internet entrepreneurs and financial experts in response to the rising need for customer-focused, convenient, and transparent digital banking options.
Key Challenges:
Solution:
1. Discovery and Planning
We started a comprehensive discovery process and worked with the stakeholders and founders of the neobank to identify their goals, target market, and competitive positioning. To understand the expectations and problem areas of our customers, we performed in-depth user interviews and market research.
2. Development
Using Java (Spring Boot), our skilled FinTech software development team created a scalable and secure backend for managing accounts, processing financial transactions, and managing client data. A contemporary and adaptable frontend for the web and mobile applications was created using React. Agile approaches were used during the development process, with a focus on quick feedback loops, continuous testing, and iterative development. This made it possible for us to adjust to shifting needs and produce a superior product on schedule and under budget.
3. Implementation
We worked closely with the neobank's team to launch the platform successfully. This involved rigorous testing, regulatory compliance checks, and user training. We also provided ongoing support and maintenance to ensure the platform's stability and performance.
Tools & Technology Used
Java
Programming Language
React
Frontend
Okta
Authentication
AWS
Cloud Services
PostgreSQL
Database
Features:
Account Management
Using a single platform, clients may open and manage several accounts (savings, investments, and checking) with ease.
Mobile Banking
All banking functions, such as account balances, transactions, transfers, and bill payments, are accessible through an intuitive smartphone app.
Budgeting & Financial Planning
Resources for monitoring expenses, establishing spending caps, and drafting customised financial plans.
Investment Management
Investment management gives you access to a well chosen range of investment alternatives and the tools you need to monitor the performance of your portfolio and make wise decisions.