An all-in-one set of FinTech solutions

About the company

The project is implemented by a Baltics-based FinTech company and an EU-licensed eMoney institution with 300 people working in 15 different cities worldwide. The customer provides fast, convenient, and affordable financial and related services globally, thus offering a wide range of services. The main ones include a payment gateway for e-shops, a top-notch finance management app, money transfers, currency conversion, payment cards, a parcel locker network, and others. Internationally, the company’s network is expanding via a franchise-like joint venture model, connecting companies from different countries.

Project overview

The company implements a large and complex product, split into separate microservices, developed and deployed separately, providing payment-related services – multi-currency banking accounts for its end-clients. End-client can use various transfers, a payment gateway, solutions for retailers, various API integrations, mobile applications. The project is a long-term one, with complex business logic. Much effort is invested in infrastructure, reusable components, effective development processes, and constant technical improvement. It also involves a lot of custom and tailored solutions.

Key functionality

• International transfers via multi-currency accounts;
• Daily spending, recurring payments for monthly bills, split bill & request money features, and shared accounts;
• A payment gateway: online payment processing for eShops and a payment processing tool that makes it possible to accept payments in different countries and in different currencies – by card, eBanking tools, and other popular payment methods;
• Payment cards – clients can order a card, select its color, and manage accounts in the mobile app. Payment cards can also be added to such platforms as Apple Pay or Google Pay;
• In-app virtual card issuance;
• Online currency exchange and gold trading online;
• Lockers – parcel locker network open to all couriers, managed via mobile app;
• The delivery service – clients (merchants) can offer their buyers to choose delivery by the most popular couriers in their country with almost no additional effort for an eShop owner;
• Tickets: online self-service ticketing system for festivals, private parties, and training courses and distribution of tickets with a fast and convenient way to pay and free of any additional fees;
• Implementing A/B testing, hypothesis analysis, update rollouts, and maintenance schedules.

Project results

• The solution fully compliant with international security standards (KYC, Fraud Prevention, AML, GDPR, and PCI-DSS).
• Product scaled to more than 20 countries and 700,000 clients.
• Clients performed more than six mln transfers across over 20 different currencies.
• The launch of the customer's own delivery service in addition to an eShop checkout solution.
• The Scrum approach introduced to software development.
• A mobile app and a watchOS app have been launched.