Mobile Wallet
Mobile Wallet Application
Business Needs
The business need was for financial services company, who identified the growing demand for a convenient and secure mobile wallet application among its customers.
Challenges Faced
The major challenge to be faced by a Fintech application would be for security, trust, compliance, and user adoption. The application has to ensuring the security of financial transactions, as well as adhering to regulatory requirements, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, and payment gateway.
Our proposal!
We proposed a fully functional platform, including website, applications, multi role based admin panel, that can support features such as peer-to-peer transfers, mobile top-ups, and various bill payments. The application is ought to have an integrated encryption, multi-factor authentication, and fraud detection mechanisms to enhance the security and privacy of financial transactions whilst ensuring a complete regulatory compliance.
Tech Stack
Our tech stack for this project comprised of the following
Figma
Swift
Kotlin
Mongo DB
Node JS
Angular
Application Category
Finance, Wallet
Implementation Details
The implementation included a robust compliance framework to meet regulatory requirements, including KYC and AML procedures, while simplifying the onboarding process and money transferring for users. The complete platform included a website, mobile applications, and admin panel to facilitate secure payment convenience, under a complaint system to reach unbanked and underbanked individuals, providing them with essential financial services.
Outcome
The client was delivered with a high quality product that allowed to fulfil its business needs, and provide a convenient financial services, and stay competitive in the industry.
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