Development of a High-Performance Digital Banking Platform for Telecom Providers

A major telecom provider aims to differentiate itself in a saturated market by creating a secure, scalable, and innovative digital banking platform that supports a wide range of financial services such as virtual card issuance, P2P payments, NFC, QR code transactions, and loan applications. The initiative requires passing strict regulatory audits and delivering an exceptional user experience within a tight 6-month timeline.

A large-scale telecommunications company seeking to expand its service offerings into digital banking and financial services, serving over a million subscribers.

• Design and implement a high-transaction-volume banking architecture supporting at least 1 million transactions per second.
• Develop native iOS and Android applications that deliver a fluid and user-friendly experience, capable of adapting to evolving regulatory and market demands.
• Create secure integrations with external payment systems, fraud monitoring services, and regulatory compliance frameworks.
• Achieve regulatory approval for the banking platform within 2 months of deployment.
• Drive rapid adoption, aiming for over 80% customer engagement with new banking services within the first year.

• Custom payments gateway supporting NFC, QR code, BLE, and bank transfer payments.
• Fraud detection and monitoring module to ensure transaction security.
• Real-time payment authorization and processing engine.
• Payment back-office management system.
• Third-party integrations with external financial and identity validation systems.
• Native mobile applications for iOS and Android with advanced UI/UX features.
• Support for digital wallets, family accounts, and QR code payments.
• Loan and credit application workflows within the mobile platform.

• External payment gateways for card and transfer processing
• Fraud monitoring systems
• Regulatory compliance and audit frameworks
• Identity verification and KYC services

• System must support at least 1 million transactions per second
• High availability with minimal downtime
• Adherence to strict security standards to meet regulatory audits
• Flexibility to update features rapidly in response to regulatory changes
• Native app development to facilitate UI responsiveness and adaptability

The implementation of this digital banking platform is expected to enable the client to establish a competitive advantage by offering innovative banking services that are highly secure, scalable, and user-centric. The project aims to achieve over 80% customer adoption within the first year and facilitate the company's transition into a fully-fledged financial services provider, significantly expanding revenue streams and market presence.