Software Transformation for Fintech Company
Location:
England
Industry:
Financial Services
Employees:
300
About the Company:
The company’s mission is to simplify banking services and money management by offering an innovative, user-friendly online platform. It aims to transform the way customers manage their finances by providing easy access to essential financial services through digital solutions.
Provided Services:
Custom Software Development
Project Objective:
The primary goal was to quickly develop a cost-efficient prototype within a 3-6 month timeframe to attract investments. Following this, the objective was to expand the platform into a fully functional, scalable product, ensuring alignment with business goals and specific timelines and budget constraints.
Challenge:
The key challenge was to deliver a high-quality prototype swiftly, ensuring strict adherence to budget and timeline, while also laying the groundwork for a fully scalable and functional platform for the future.
Solution:
Prototype Development: Defined project scope, designed architecture, and selected the tech stack. Created a design concept and prioritized features with the client’s business team. Applied Scrum methodology to refine the design and address risks. Set realistic expectations and ensured the prototype fit within budget.
Product Development: Collaborated on the full-scale product, enhancing functionality and scalability. Expanded architecture and added new features, addressing gaps identified in the prototype.
Platform Development: Improved product quality based on alpha and beta testing feedback. Implemented strategies for scaling and integrations. Provided ongoing maintenance and support.
Tech Stack:
Java, AWS, Terraform, Kafka, React Native, Kotlin, Swift
Results:
Prototype: Delivered on time and within budget, securing investment for further development.
Product Development: Produced a high-quality solution that met all business needs.
Platform Development: Built a scalable platform, successfully migrating 500,000 users.
Engaged 600 users in prototype testing, with several thousand involved during product development for a smooth transition.
Business Value:
The solution streamlined banking processes, improved efficiency, reduced customer wait times, and boosted customer satisfaction and loyalty, resulting in a positive impact on the company’s financial performance.