A FinTech Tool for a Bank to Manage Personal Finance

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

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.