Main objectives:
- building a new digital channel: web platform for clients
- business analysis and UI development
- development of web-front and middleware
- security issues solutions
Our customer, 3S Money, is a licensed online banking payment platform for international trade. The company provides cross-border companies with bank accounts in the country and currency in which customers need to conduct business.
Previously, it was difficult for foreign citizens to open a business bank account in order to provide services at home and abroad. We have implemented an online banking service that helps cross-border companies open accounts abroad and conduct international trade safely, transparently and easily. We have combined advanced financial technologies solutions and traditional capabilities of classic banks.
Key features:
- fast and safe opening of a bank account in Europe for business
- the payment system's functions: opening an account for individuals and legal entities managing transactions, editing data and exchanging messages in the user's personal account
- payments within the platform, including to the counterparty by details and cross-border transfers
- international transfers of large amounts around the world
- global multi-currency account with more than 35 major currencies
- data exchange with credit card processing
- compliance with high security requirements
- simple design for effective interaction of the client with the banking service
Results:
- duration for opening a bank account has been reduced to 5 days, and outgoing payments can be transferred on the same day
- increased loyalty of customers who did not want to make complex money transactions: now they can do it safely, transparently and easily