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Digital Banking Application
(Under NDA)
In the rapidly evolving field of financial technology, this application sets out to redefine the landscape of digital payments with essential features such as Biometric Verification, Social credit score tracking, secure payment processing and robust data security.
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Project Overview
Supporting cashless payments targets, and making the payments acceptance process transparent and seamless for their customers was the foundational vision with must-have features such as Biometric Verification, Social Login, secure payment processing, real-time transaction tracking, multi-platform compatibility, credit score tracking and robust data security.
Customer Company Story
Our client, the leading payment solution provider in their Country, embarked on a transformative journey to support cashless payments and enhance the transparency of the payment acceptance process. Their vision was to deliver this improved customer experience rapidly and at scale. They aimed to create a user-friendly fintech application
Biometric Verification
Users can access the application and confirm their identity through biometric data, enhancing security and ease of use.
Secure Payment Processing
Our application ensures the safe and encrypted processing of payments, safeguarding users' financial information.
Real-time Analytics
Users can access the application and confirm their identity through biometric data, enhancing security and ease of use.
Compatibility
The application is accessible across various devices and platforms, enabling users to manage their finances wherever and whenever they choose.
Score Tracking
We offer a credit score tracking feature to help users stay informed about their creditworthiness and make informed financial decisions.
Data Security
Data security is paramount, and our application employs robust measures to protect user data and maintain the utmost privacy.
Challenge
Creating this fintech application posed several significant challenges, including ensuring security for user data, seamless integration of essential features across multiple platforms, managing and analyzing user data and credit scores, adapting to regulatory requirements, and striking the right balance between functionality, security, and user experience. Overcoming these challenges required a combination of technical expertise, careful development and testing, and ongoing adaptation to the changing fintech landscape.
Stacks
For our fintech application, we carefully selected a technology stack to ensure optimal performance, security, and scalability:
Frontend
We employed the React JavaScript framework for building dynamic and responsive user interfaces.
Backend
Node.js was our chosen programming language for the backend, offering robust development capabilities.
Security
We followed best practices outlined by OWASP to address common security vulnerabilities.
Cloud Services
We hosted our application on AWS, taking advantage of its scalability and reliability.
Data Analysis
Real-time data analysis was made possible through the use of Apache Kafka and Apache Spark.
DevOps
Docker containers and Kubernetes orchestration ensured efficient deployment.
Monitoring/Logging
We monitored application performance using Prometheus, Grafana, and New Relic.
Compliance
Throughout the development process, we worked closely with compliance experts and advisors
Regulatory
We ensured adherence to regulatory requirements specific to the region and industry.
This technology stack not only allowed us to meet the diverse requirements of our fintech application but also positioned us to adapt to emerging technologies and threats in the ever-evolving fintech sector.
The Process
We began by examining the working process and schema of similar fintech apps, segmenting it into distinct sections for improved organization. Employing the Agile methodology, we divided the work into different individual sprints.
Solution
Our team, composed of Project Manager, Software Architecture, App Developers, Designers and SQA Engineers, started working according to Agile methodology. The main tasks were the following:
Outcomes
The Final Outcome Was The Full-Fledged Fintech Application
- Biometric Verification
- Card Dashboard
- KYC System
- Bill Payments
- Detailed History
- Reward Platform
- Secure Payment Processing
- Integration with Bank
- Credit Score Tracking
- Contactless Transactions
Make Your Fintech Product Idea A Reality! Focus On Innovating And Leave Us The Heavy Lifting!
