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.

Enhance Online Banking Platform for Global SEPA and Cross-Border Payments

nix-united.com

Financial services

Challenges with Scalability, Global Payment Integration, and Security

The client's existing online banking platform, built on a monolithic architecture, struggles to handle increasing transaction volumes (400k+ daily) and complex payment functionalities. They need to expand their B2B distribution globally and require enhanced security, particularly around anti-money laundering (AML) compliance, to support SEPA, FPS, and BACS payments across 36 European countries. Legacy systems and slow test environments further impede development and testing cycles.

About the Client

Fintech company providing a modular online banking platform for businesses to process payments, focusing on scalability and customization.

Project Goals

Enhance platform scalability to support 1 million+ transactions per day.
Integrate SEPA, FPS, and BACS payment systems for cross-border payments within the EEA.
Develop and implement a robust AML module to mitigate financial risks.
Improve platform performance and reduce transaction processing time.
Enable 24/7 platform availability through mock service and cloud infrastructure.
Develop a robust Mobile SDK for seamless integration with client's mobile app.

Functional Requirements

Support for SEPA credit transfers (SCT), instant credit transfers (SCT Inst), and direct debits (SDD).
Integration with FPS and BACS payment systems.
Comprehensive AML module with KYC, PEP/Sanctions checks, and transaction monitoring.
Currency exchange functionality.
P2P and P2M transaction processing.
Real-time transaction monitoring and reporting.
Automatic transaction reprocessing and chargeback management.
24/7 platform availability.
Mobile SDK for payment processing within a mobile application.

Preferred Technologies

AWS Cloud

Golang (Go)

React Native

Angular

NodeJS

Apache Kafka

Required Integrations

National Bank of Lithuania (for payment processing)
Third-party KYC/AML providers (Dow Jones, etc.)
Payment gateways (for SEPA, FPS, BACS)
Apple Pay API

Non-Functional Requirements

High scalability (1 million+ transactions/day).
Low latency (transactions processed within seconds).
High availability (24/7 uptime).
Robust security (data encryption, AML compliance).
Performance (10 transactions/second).
Comprehensive audit logging.

Expected Business Impact

This project will enable Fintech Payments Ltd. to significantly expand its market reach by providing a comprehensive, scalable, and secure payment processing platform for businesses across Europe. The enhanced platform will increase customer acquisition, reduce operating costs, and solidify the company's position as a leader in the fintech industry. The improved AML capabilities will reduce financial risk and ensure regulatory compliance.