A FinTech Tool for a Bank to Manage Personal Finance
About the client
General Financing is a Lithuania-based financial organization. Their key business area in this capacity is to offer personalized loans to end clients.
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Project overview
Andersen developed a cutting-edge FinTech software solution with a focus on delivering an exceptional customer experience. The native mobile app for Android and iOS that we delivered offers a comprehensive range of features for personal finance management. They include convenient payments, remote authentication, real-time account balances, loan management, client finance management, and more. The flexible Back-end architecture, based on Kotlin, Swift, Java, and Spring, enables easy integration and adaptation to meet the changing needs of clients.
Application functionality
- Remote authentication (to identify customers via biometric recognition) for bank office activities
- Real time accounts balances
- Payments
- Additional profile and Bank information
- Profile and Bank settings
- Customer finance management (automated finance curation, budgeting, financial goals, analytics) and accounts aggregation service (customer fin accounts information from third parties)
- Enrollment and onboarding
- Accounts detailed information and statements
- Loan management: online loan application in real time, loan refunds, loan detailed information, instalments, statements
- Notifications and messages
- Deposit management (online deposit creation, deposit additional payments, deposit withdrawals, deposit detailed information, statements)
Solution
The native mobile application for both Android & iOS. Main technology stack: Kotlin, Swift. Middleware web-service is an integration module between the mobile app and backend. The web-service implementation is based on a REST-architecture approach. Main technology stack: Java, Spring. Backend inner service is powered by Oracle PL/SQL.
Results
The flexible backend architecture makes it easy to add new API functionality according to Customer needs
- 23% Increase in number of clients who were attracted by the native customer oriented e-banking app within the first 6 month after the e-Banking app made it into the market.
- 8% Loan deals` growth in the first 6 months from apps publishing.
Let's talk about your IT needs
What happens next?
An expert contacts you after having analyzed your requirements;
If needed, we sign an NDA to ensure the highest privacy level;
We submit a comprehensive project proposal with estimates, timelines, CVs, etc.
Customers who trust us
