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Next-Generation Neobank Mobile Platform Development with Open Banking Compliance and Enhanced Security
  1. case
  2. Next-Generation Neobank Mobile Platform Development with Open Banking Compliance and Enhanced Security

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Next-Generation Neobank Mobile Platform Development with Open Banking Compliance and Enhanced Security

n-ix.com
Financial services
Business services
Technology

Business Challenges

Legacy mobile application requiring complete redesign, mandatory Open Banking compliance implementation, security vulnerabilities needing reinforcement, and transition from outsourced development to in-house control while scaling features for neobank transformation.

About the Client

A leading UK digital challenger bank serving small businesses and entrepreneurs with innovative banking solutions

Strategic Goals

  • Rebuild native Android/iOS banking applications from legacy codebase
  • Achieve full Open Banking Standard compliance
  • Implement advanced security measures including SCA and biometric authentication
  • Add financial management features for business users
  • Establish scalable infrastructure for future growth

Core System Capabilities

  • Native Android/iOS mobile applications with 70-80% DAU adoption
  • Open Banking API integration for third-party provider connectivity
  • Strong Customer Authentication (SCA) with push notifications
  • Real-time fraud monitoring and card control features
  • Cashback and deposit management dashboards
  • Multi-currency card management
  • Biometric authentication with facial recognition
  • Transaction analytics with category-based spending insights

Technology Stack

.NET Core
React.js
Firebase
ASP.NET Web API
Entity Framework
RabbitMQ

Critical System Integrations

  • FIS Payment Gateway
  • Snowdrop 2.0 transaction analytics
  • Identity Guard 2FA system
  • Financial Conduct Authority reporting APIs
  • PCI DSS compliant payment processing infrastructure

Operational Requirements

  • 24/7 fraud detection monitoring
  • 99.9% system uptime SLA
  • GDPR and PSD2 compliance
  • Scalable architecture for 1.5M+ customers
  • Sub-second transaction processing latency

Expected Business Outcomes

Enables full neobank transformation through compliant Open Banking infrastructure, achieves 50K+ daily active mobile users with enhanced security features, reduces time-to-market for new financial products by 40%, and establishes foundation for becoming a fully licensed digital bank with advanced fraud prevention capabilities.

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