A Secure and Smart Fintech Solution for an Online Bank

Developed by Moqod, a daughter company of Opinov8

About the Customer

This Open Banking platform provides access to enriched PSD2 data and personalized financial insights. It allows businesses to enhance their financial services by offering users a unified view of their accounts and spending habits.

With its API-driven approach, the platform ensures seamless integration with third-party applications, fostering innovation in the fintech sector. It enables companies to build innovative services on PSD2, offering customers a comprehensive financial overview.

Are you putting all uncertainty aside by providing relevant, accessible data right now? Imagine a global freight platform that offers door-to-door delivery of clients' goods with real-time tracking for a reasonable price. It's now a reality with Beacon web service with partnerships only with trusted carriers to ensure that customers' goods are in safe hands.

Beacon also offers trade finance loans with flexible rates, thus solving importers' problems with cash flow, providing the right now service, and disrupting an enormous marketplace. Using Beacon means controlling the whole logistics process with the support team ready to have your back 24/7.

Business Challenge

The initiative aimed to develop a secure and efficient personal finance application that allows users to link their bank accounts and gain real-time insights into their income, expenses, and available financial capacity.

With the rise of Open Banking, financial service providers face increasing challenges in ensuring compliance, security, and user-friendly experiences. To stay ahead, the platform needed a robust and scalable application that would seamlessly integrate with its native SDKs while adhering to high-security standards.

Logistics is not just about transporting goods from point A and delivering them to point B. This industry stands for a broad-spectrum flow management approach like warehousing, controlling procedures for safe transportation, customs, financing, covering the insurance side, etc.

Nurturing the idea of creating an all-in-one freight-forwarding platform, Beacon chose Opinov8 as a technology partner to bring that very same idea to reality. The objective to build a highly functional platform from scratch using the latest technologies, implement best practices, and innovative solutions marked the beginning of productive cooperation between Beacon and Opinov8.

SOLUTION

Frontend and Backend-for-Frontend Development

Moqod was responsible for the frontend development and a specialized backend-for-frontend system. This structure ensured smooth communication between the mobile app and core financial data, improving user experience and system efficiency.

PSD2 Functionality Implementation

By leveraging the platform's SDKs, Moqod enabled the rapid development of an enterprise-grade application with full PSD2 functionality. This allowed users to securely connect their bank accounts, providing real-time financial insights.

Security and Compliance

Given the sensitivity of financial data, the app was built to meet high security and compliance standards. AWS-based microservices and serverless services were utilized to ensure reliability and scalability.

BUSINESS VALUE

This Open Banking solution has set a high standard in financial technology, empowering users with real-time financial insights while maintaining the highest security and compliance levels. The app provides a seamless experience for users looking to optimize their personal finances.

Moqod's expertise in fintech and cross-platform development enabled the successful deployment of a fully functional PSD2-compliant application. By utilizing a secure and scalable architecture, the platform offers users a reliable tool to manage their finances effortlessly.

This solution not only enhances financial literacy but also empowers users to make smarter financial decisions with greater confidence.

Node.js

AWS

React.js

TECHNOLOGY STACK

Moqod used advanced technologies to build a secure and scalable solution:

Mobile Development: Swift (iOS), Kotlin (Android)

Backend: Python

Cloud Infrastructure: AWS microservices and serverless services