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Development of a UX-Driven Video Banking Platform for Remote Financial Services
  1. case
  2. Development of a UX-Driven Video Banking Platform for Remote Financial Services

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Development of a UX-Driven Video Banking Platform for Remote Financial Services

10clouds.com
Financial services
Insurance

Challenges in Remote Banking Accessibility

Limited availability of remote banking services negatively impacts customer experience due to poor accessibility, inflexible scheduling, location restrictions, and account suspension issues during international travel.

About the Client

A FinTech company specializing in digital banking solutions in collaboration with major financial institutions.

Objectives for Virtual Banking Platform Development

  • Create a secure, user-centric video banking platform for remote customer interactions
  • Enhance accessibility and flexibility for banking services across diverse user scenarios
  • Integrate seamless communication between banks, advisors, and clients
  • Ensure compliance with financial regulations and data security standards

Core Platform Functionalities

  • Live video consultations with screen sharing
  • Secure document upload and verification
  • Appointment booking and calendar integration
  • Multi-factor authentication (biometric/OTP)
  • Role-based admin dashboards for banks and advisors

Technology Stack Requirements

Python (backend)
WebRTC
React.js
AWS

System Integration Needs

  • Banking core systems (e.g., core banking APIs)
  • Identity verification services (e.g., Mastercard ID)
  • Video conferencing APIs (e.g., Pexip)
  • Payment gateway integrations

Performance and Security Standards

  • Scalability for 10,000+ concurrent video sessions
  • End-to-end encryption (AES-256)
  • Compliance with GDPR and PCI-DSS
  • 99.9% uptime SLA
  • Low-latency video streaming (<200ms delay)
  • Cross-platform compatibility (desktop/mobile)

Expected Business Outcomes

Improved customer satisfaction through 24/7 remote access, reduced operational costs for banks via digital consultations, expanded service reach for international clients, enhanced regulatory compliance, and strengthened competitive differentiation in digital banking.

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