Development of a digital bank in the Middle East region
14th June 2021
Building a digital mobile banking solution for a Middle Eastern market
Development of mobile apps for iOS and Android and a modern, technical infrastructure
Vendor selection and control throughout the development process
Initial situation
A leading telecommunications provider wants to offer a digital mobile banking solution. In the underlying market, there are already providers for digital payment solutions, such as salary payments, but not yet a complete digital banking solution.
The demand for cashless payments is very high due to the hardly developed ATM infrastructure on site. However, the client does not yet have a banking licence, which is necessary for further market roll-out.
The main objectives of the project are thus the development of mobile banking apps for the iOS and Android platforms, the establishment of a modern, technical infrastructure and the training of internal employees to further develop the solution internally and to start banking operations.
COREprocedure
Requirements analysis
Analysis of business requirements based on existing mobile banking solutions
Conducting Domain Driven Design workshops with technical and IT experts
Definition of non-functional requirements
Conceptual design
Vendor selection of core banking and KYC providers
Preparation of development combined with gradual scaling of the number of developers
Creation of an architectural concept
Implementation
Continuous requirements analysis
Implementation of basic banking functions (e.g. payment and transfer processes)
Building infrastructure using Infrastructure as Code
UX-oriented rapid prototyping approach
Creation of clickable prototypes
Analysis of user behaviour during the beta test approach
Benefits for clients
Development of modern, UX-focused mobile apps for iOS and Android
Development of a future-proof and scalable technical infrastructure
Vendor selection and control in a complex software development context
Optimised UX experience through continuous test management and user feedback cycles
Support in the development of the go-to-market strategy for the product
Implementation of the development process in a resource-efficient and agile MVP approach
In addition to the above articles, the following information may be of interest to you
