End-to-end Development – Pennyworth
2020 - Active
A UK-based financial start-up aimed to disrupt the market by launching a digital bank and a financial planning app.
The challenge was to balance cost-effectiveness while adhering to high standards of security, scalability, and reliability. Additionally, the goal was to develop an intelligent decision engine with multiple modules to facilitate customers’ financial planning processes.
To address the challenges, the following solution was implemented:
Our collaborative efforts with the client involved conceptualizing and expertly developing the initial user journeys, ensuring a highly tailored approach to meet their unique needs effectively.
Intelligent Decision Engine Modules
Multiple modules were developed for the intelligent decision engine, including: 1. Net-Income & Segmentation 2. I&E 3. Net Wealth 4. Goals Recommendation 5. Financial Projections & Financial Planning 6. Next Best Action. These modules facilitated customers’ financial planning processes.
Serverless Microservices Architecture
To ensure cost-effectiveness, robustness, and scalability, a serverless microservices architecture was implemented, leveraging native AWS services. This design approach minimized infrastructure costs while maintaining high scalability and reliability.
Asset Management and Visualization
Our team led the end-to-end backend and frontend development process, including the creation of native mobile apps. This comprehensive involvement ensured every aspect of the solution was tailored to the client’s unique needs.
The solution implemented had a far-reaching and multifaceted impact across various aspects of the organization.
Scalable and Cost-Effective Application
The serverless microservices design provided a highly scalable, reliable, and cost-effective application. The use of native AWS services minimized infrastructure costs while ensuring the ability to scale as the start-up expanded.
Robust IT and Cloud Security Framework
The solid IT and cloud security framework guaranteed the security of the digital bank and financial planning app as it expanded its customer base. Compliance with security standards and industry best practices was maintained.
Successful Delivery and Ongoing Development
The successful delivery of Phase 1 and the upcoming release of Phase 2, which includes the development of the intelligent decision engine, demonstrated our team’s capability and commitment. Ongoing development for Phase 3 continued to evolve the digital banking and financial planning platform.