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Mobile Banking Application Development & Enhancement
  1. case
  2. Mobile Banking Application Development & Enhancement

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Mobile Banking Application Development & Enhancement

miquido.com
Financial services

Challenges with Legacy Mobile Banking & Market Expansion

Nextbank's existing native mobile banking application faced challenges in integrating with local providers, ensuring security compliance (OWASP), and maintaining a scalable, cost-effective architecture to support its growing client base and evolving market demands. The need for a modern, user-friendly, and adaptable app was crucial for maintaining competitiveness and expanding its reach in Southeast Asia.

About the Client

A SaaS banking company providing cloud banking services to financial institutions, offering customizable mobile banking solutions.

Project Goals

  • Develop a scalable and secure mobile banking application using Flutter.
  • Enable seamless integration with third-party financial service providers (payments, KYC, remittance, insurance).
  • Ensure compliance with OWASP security standards and industry regulations.
  • Provide a customizable and user-friendly mobile banking experience for end-users.
  • Reduce development and maintenance costs through a cross-platform approach.
  • Enable rapid deployment of new features and functionalities.

Functional Requirements

  • Secure user registration and login (including biometric authentication).
  • Account management (balance inquiries, transaction history).
  • Money transfer capabilities (internal and external).
  • Bill payment functionality.
  • Mobile top-up services.
  • Cash deposit and withdrawal support.
  • Loan application processing.
  • QR code payments (ScanPayGo).
  • Integration with third-party financial services (KYC, remittance, insurance).
  • Personalized banking dashboard.

Preferred Technologies

Flutter
Dart
Firebase
MethodChannel (for native code integration)

Required Integrations

  • Local payment gateways
  • KYC providers
  • Remittance services
  • Insurance providers

Non-Functional Requirements

  • High security (compliance with OWASP standards)
  • Scalability to support a growing user base
  • Performance (nativelike responsiveness)
  • Reliability and stability
  • Cross-platform compatibility (iOS and Android)
  • Cost-effectiveness in development and maintenance

Expected Business Impact

The development of a modern, scalable, and secure mobile banking application will enable Nextbank to strengthen its position as a fintech leader in Southeast Asia. It will facilitate customer acquisition, improve customer satisfaction, reduce operational costs, and accelerate the deployment of innovative financial services, ultimately driving revenue growth and enhancing brand reputation.

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