This Case Shows Specific Expertise. Find the Companies with the Skills Your Project Demands!

You're viewing one of tens of thousands of real cases compiled on Many.dev. Each case demonstrates specific, tangible expertise.

But how do you find the company that possesses the exact skills and experience needed for your project? Forget generic filters!

Our unique AI system allows you to describe your project in your own words and instantly get a list of companies that have already successfully applied that precise expertise in similar projects.

Create a free account to unlock powerful AI-powered search and connect with companies whose expertise directly matches your project's requirements.

Development of a Secure Mobile Wallet Application for Banking and Fintech Services

itmagination.com

Financial services

Fintech

Challenges in Providing a Unified Mobile Banking Solution

Raiffeisen Bank needed to address the lack of a modern, secure, and lightweight mobile application for individual and microentrepreneur customers to manage banking products, conduct payments, and streamline daily activities without compromising security.

About the Client

A leading corporate and investment bank in Austria and Central & Eastern Europe, focusing on digital transformation and customer-centric financial solutions.

Objectives for Developing a Modern Mobile Wallet

Deliver a lightweight, intuitive mobile application for seamless banking and daily transactions.
Enhance security through biometric authentication and phishing-resistant measures.
Integrate third-party services for shopping, ticketing, and payments within the app.
Improve customer satisfaction and retention by simplifying financial management.

Key Functional Requirements for the Mobile Wallet Application

Contactless mobile payments without additional apps (e.g., Google Pay/Apple Pay).
Biometric login and payment authorization.
Currency exchange platform integrated with bank services.
Third-party integrations for online shopping, phone top-ups, parking, and public transport tickets.
Phishing-resistant security architecture.

Preferred Technologies for Backend and Frontend Development

Java

PostgreSQL

REST API

Spring

RabbitMQ

Elasticsearch

Third-Party Integrations Required

Online shopping platforms
Telecom providers for phone top-ups
Ticketing systems for public transport
Parking payment gateways

Critical Non-Functional Requirements

High-level security with data encryption and phishing resistance.
Scalability to support millions of users across Europe.
Low-latency performance for real-time transactions.
Compliance with banking and data protection regulations.

Expected Business Impact of the Mobile Wallet Launch

The mobile wallet is projected to significantly boost customer satisfaction and retention by offering a seamless, secure platform for daily financial activities. It will strengthen Raiffeisen Bank's market position as a leader in digital banking solutions across Central and Eastern Europe.