Digital Banking App Case Study: Unraveling the Success Story

Client Background

The client is a forward-thinking FinTech company established as a trusted name in the modern financial industry.

With a strong emphasis on innovation and customer-centric solutions, the company recognized the growing demand for crypto banking solution and planned to tap into this thriving digital world with digital asset support.

SOLUTION

Banking App

DEMOGRAPHICS

INDUSTRY

FinTech

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Business Requirement

The company devised a vision of crafting a one-stop banking solution that could cater to the unique needs of its diverse customer base and approached Antier. Together we come up with a revolutionary idea to develop a white label ready, API-enabled application module for digital mobile and web banking application. The agenda is to render an easy, secure, and compliant open banking platform to traditional financial institutions (dealing in fiat money) and modern next-gen financial institutions (dealing in crypto assets).

Major challenges and concerns of the client included:

No streamlined process for banking services

Integrate crypto services for expanded financial offerings

Address security concerns and prevent fraud in online transactions

Analysis & Approach

This banking app case study will take through the agile methodology and roadmap we followed to deliver exceptional services. On the receival of requirements from the client, we thoroughly analyzed the market trends and client business model to frame and work through a development lifecycle seamlessly focusing on rendering a comprehensive solution leveraging unparalleled skills and technical prowess.

PHASE - 1

Ideation and Requirement Analysis

PHASE - 3

Front-End/Back-End Development

PHASE - 5

Testing and Quality Assurance

PHASE - 2

UI Design and Prototyping

PHASE - 4

Integration of Security and Financial APIs

PHASE - 6

Deployment and Hosting

Analysis & Approach

In this case study on NFT, our NFT development team embraces the agile approach, showcasing their exceptional expertise by seamlessly navigating the development lifecycle, delivering an innovative NFT marketplace with unrivaled precision and a skillset that fosters rapid iteration and continuous value creation.

PHASE - 1

BA Phase - Consultation & feature finalization

PHASE - 2

Wireframing & UI / UX process

PHASE - 3

Documentation (FRD & BRD) & React Conversion (HTML)

PHASE - 4

Third-party API integrations & biweekly JIRA sprints

PHASE - 5

Development - Front end, backend & smart contract

PHASE - 6

Testing & deployment

Solution

The client of this digital banking case study intends to create a solution that will bring together banking, centralized exchange, and wallet features in a single platform. Considering the requisites, we brought the proposal of this all-in-one banking solution to give the easiest and safest modes to manage banking finance and cryptocurrencies.

The users can save their bank accounts and cards, check their account balances, and make their day-to-day bill payments. Users can transfer the money via bank account, registered phone number, or by using their QR code wherein every transaction will be recorded. The app provides access to centralized exchanges for buying and selling cryptocurrencies and also compares the rates of multiple cryptocurrencies. The price listing will be automatically updated using third-party integrations. Not just this, the users can even store their funds in the wallet, and swap them with other coins.

An exclusive feature is that platform will help users to apply for loans in a few quick and easy steps based on their account performance/scorecard eligibility. Customers will enjoy the flexibility to repay their loans before tenure closure as well. The web-based admin panel is also developed where the admin will manage the content, users, KYC, transactions, and reports/statistics.

Build a Similar Feature-Packed Digital Banking Solution

Key Differentiators

Tap to Pay option with Virtual/Fuze Card

Availability of Crypto Loans

Features

Insurance via third-party APIs

Cryptocurrency Trading

Buy Now- Pay Later

Investments

Crypto Loans & Other Fiat Loans

Credit- Debit Cards

E-wallets

Bill Payments & Mobile Recharge

Tap 2 Pay

P2P lending

Invoice Generation

Real-time currency updates

A Visual Journey Through Our Trailblazing Project

Architecture

Final Outcomes

70%

Higher User Retention

50%

More Repeat Transactions

30%

Higher Transaction Value

200%

Higher Download Rate

100%

Higher Revenue Per User

40%

User Sign-Up Conversion Rates

Client Speak

Implementing the digital crypto banking solution provided by Antier was a game-changer for our business. Their digital crypto friendly banking solution not only met our specific requirements but exceeded our expectations in terms of functionality and reliability.

Use Cases

Crypto Lending & Borrowing

The solution enables users to lend or borrow cryptocurrencies, earn interest, or access funds for various purposes. For example, users can lend their Bitcoin and earn interest on their holdings.

Instant Cryptocurrency Transfers

It facilitates quick and seamless transfers of cryptocurrencies between users, providing near-instantaneous transactions. For instance, users can send Ethereum to another wallet address in a matter of seconds.

Peer-to-Peer Payments

The Solution Empowers Individuals To Make Direct Cryptocurrency Payments To One Another Without Intermediaries. For Instance, Users Can Send Bitcoin To Friends Or Family Members For Goods Or Services.

Cross-Border Transactions

Crypto Banking Simplifies And Expedites International Transfers, Reducing Costs And Time Delays. For Example, Businesses Can Send Ripple Across Borders For Faster And More Affordable Remittances.

Microfinance and Microloans

Crypto friendly banking provides small-scale financial services, like microloans, to underserved populations to foster financial inclusion. For example, microloans for entrepreneurs are available for business expansion.