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Development of a parent-focused investment mobile application with comprehensive banking and investment features
  1. case
  2. Development of a parent-focused investment mobile application with comprehensive banking and investment features

Development of a parent-focused investment mobile application with comprehensive banking and investment features

yojji.io
Financial services

Identify the need for an innovative digital investment platform tailored for parents to manage and invest funds for their children's futures

The client requires a modern, user-friendly mobile application enabling parents to create accounts for their children, regularly make payments, and invest these funds across various companies. The platform must provide detailed investment tracking, including stock price history and profit accumulation, ensuring security, ease of use, and rapid deployment within a tight timeline.

About the Client

A medium-sized financial institution aiming to offer innovative investment solutions for parents to secure their children's financial futures through a feature-rich mobile platform.

Define the core goals and expected impact of the new investment mobile application

  • Develop a feature-rich, scalable mobile application facilitating investment management for parents and their children
  • Enable creation of individual child accounts with regular contribution capabilities
  • Integrate functionalities such as investment tracking, stock price history, autopay, and support chat
  • Ensure timely delivery of a functional MVP within three weeks, adhering to strict project deadlines
  • Achieve high user satisfaction with an intuitive interface and reliable performance
  • Support rapid redesign iterations without impacting development timelines

Outline key functional capabilities of the proposed investment mobile platform

  • User registration and secure login for parents and children
  • Account creation for multiple children with individual profiles
  • Automated payment setup (autopay) for consistent investments
  • Connection to financial markets for real-time stock price tracking and history
  • Investment allocation in diverse companies with profit computation
  • Support chat integration for user assistance
  • Guidelines and recommendations for investments
  • Dynamic UI updates following partial redesigns with minimal disruption
  • Data synchronization between mobile app and backend servers

Recommended technologies and platform architecture for development

React Native for cross-platform mobile development
Scrum methodology for iterative and flexible delivery
Time and Material cooperation model for project execution

External systems and APIs essential for platform functionality

  • Financial data providers for real-time stock prices
  • Payment processing gateways for transactions
  • Customer support chat platforms (e.g., support messaging services)

Critical non-functional aspects to ensure platform reliability and security

  • High security standards to protect user data and transactions
  • Scalability to support increasing user base and transaction volume
  • Performance optimization for real-time stock updates and fast response times
  • Redesign flexibility with minimal impact on ongoing development

Projected benefits and business outcomes of the mobile investment platform

The new platform is expected to significantly enhance the client’s market position by delivering a seamless, secure, and feature-rich investment experience for parents. It aims to facilitate increased user engagement, support rapid deployment, and enable swift redesigns without impacting performance, ultimately fostering user trust and loyalty.

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