- Category:
FinTech, Web Application, Mobile App
- Software:
React, Node.js, PostgreSQL
- Service:
Web Development
- Client:
NeoBank Corp
- Date:
May 18, 2023
Banking Unleashed: Financial Frontier
Banking Unleashed is a revolutionary digital banking solution designed to break the chains of traditional finance. It offers a fully mobile-first experience that puts the user in complete control of their financial life, from instant transfers to automated investing.
Banking Without Borders
Legacy banks are slow and riddled with fees. Banking Unleashed provides a frictionless alternative, allowing users to manage global currencies and assets from a single, intuitive interface.
Challenge & Solution
The Challenge: Traditional banking systems are built on decades-old infrastructure (COBOL mainframes) that makes innovation slow and costly. Customers are frustrated by hidden fees, slow international transfers, and clunky mobile apps that crash often. There was a market gap for a “Neo-Bank” that could offer the speed of a tech startup with the security of a major financial institution.
The Solution: We engineered Banking Unleashed, a cloud-native banking core.
Microservices Architecture
We replaced the monolithic backend with a scalable microservices architecture. This allows different parts of the bank (Payments, Cards, Loans) to scale independently and update without downtime.
Impact:
- 99.99% uptime reliability
- Instant feature deployment
- Reduced server costs by 40%
Final Result
Banking Unleashed has disrupted the local market, attracting a younger demographic tired of traditional banking.
140k Users Onboarded
The platform successfully onboarded 140,000 users in its first year, demonstrating a strong market fit for a digital-first bank.
50% Engagement Growth
Daily active users grew by 50% quarter-over-quarter, reflecting the platform's sticky features and user-friendly design.
10k Transactions Processed
The system processes over 10,000 peer-to-peer and international transactions daily, showcasing its robust and scalable infrastructure.
This project showcases our ability to rebuild critical infrastructure for the digital age, prioritizing speed, security, and user experience.
