In the era of digitalization, the demand for high-quality fintech software development services is growing rapidly. To win their place in the industry, financial companies have to adopt new technologies. Being a well-known Australian company that offers a wide range of banking services, our client requested us to build a feature-rich financial mobile application from scratch.
The idea was to create an innovative platform providing investment opportunities for parents who want to invest in the future of their children. Within the app, a parent creates an account for each child and makes payments on a regular basis. This money is invested in various companies, and the profit is then accrued on the child's account.
In the span of 6 months, we completely developed a fully-fledged fintech application. Our team was responsible for the back-end, front-end, and design of the app. At the moment the project development process is over and it is ready to be launched. The client has a group of people who are now testing the app. As soon as the testing period is successfully completed, the application will be available in mobile app stores.
To achieve the goal, our team decided to opt for the Scrum methodology and the Time-and-Material cooperation model. These approaches are a perfect fit for developing various user-oriented software solutions. When working on the project, we kept in mind both the users’ needs and the client’s requirements. In order to deliver the best results, we needed to keep in touch with the client. Our Project Manager was responsible for the communication channel.
Thanks to such an approach, we could allocate the tasks among developers and designers efficiently and make revisions to the project quickly. With the final objective in mind, we conducted weekly sprints with the interim releases and testings of the app every Friday. All of the approaches described here helped us reach top-notch results and develop an advanced user-friendly financial app in the shortest possible time.
We have a team of software developers who are well-versed in React Native. Being a cost-effective solution for developing functional mobile apps that have the look and feel of a native one, we decided to build the app using this framework. When working on the project, we also used the following technologies:
During a three-week period, we needed to build an MVP that would already be equipped with the functionality for making investments and sending data to servers.
Since we have a lot of specialists in our company, we managed to quickly form a team and start working on the project. The competency of our PM towards delegating tasks and checking work progress allowed us to fit into a very tight time frame and create a perfectly working MVP.
During the development process, the client decided to make a partial redesign of some application elements, which was also quite challenging.
The team undertook the task of redesigning the app. During that process, some application layout elements were partially built following the old design and partially changed. If any unused code components appeared, they would be removed. The new design led to changes related to the application logic. The programmers redid the logic where it was needed. All in all, the redesign process went smoothly with no influence on the development speed time.
The Yojji team has always been interested in the FinTech industry thus we took up this task with great enthusiasm. While working on the project, we gained valuable experience in the financial niche. Everyone involved in the project went above and beyond the expectations and delivered a feature-rich and user-friendly application in 6 months. Thanks to the regular communication of our Project Manager with the client, the development team managed to understand all the peculiarities of the business niche as well as user needs.
Thus, we quickly implemented acquired knowledge to the project increasing the effectiveness and convenience of the app with such complex functionalities. It was important for us to succeed in creating an innovative financial platform for parents who look for the best investment opportunities for the sake of their children's future. At the moment, all the development stages are over, and the app will be launched as soon as the testing is done.
Yojji was assigned to develop the backend, frontend, and design of the app. For this purpose, 1 Project Manager, 2 Software Developers, and 1 UI/UX Designer worked effectively as a team.