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Web Application Development for a Finance Product Firm

Our client is from the USA, and thus, he owns the finance industry, which is very popular in the USA. They needed to build an effective software system that would help to optimize their financial processes and increase performance. They contacted us to develop custom software that would fit their requirements and needs.

  • Industry
    Finance
  • Country
    USA
Technologies
Web Application Development for Finance
Years In Business
36+
Years In Business
Projects Delivered
3000+
Projects Delivered
Happy Clients
200+
Happy Clients
Countries Served
40+
Countries Served

Client’s Business Goals

The main idea was to establish a simple solution allowing people to quickly access various financial products. Moreover;

  • The goal was to make it simple for users to compare options and pick the one that works best for them.
  • They needed a way for users to apply for these products directly through the platform.
  • The platform was required to make sure every application reached the correct banks without any intermediate touch.

Challenges Faced by the Client

Keeping Financial Product Data Updated

Keeping Financial Product Data Updated

The client said that it was a challenge to keep the information on their financial product current and accurate. Given the proliferation of many products to deal with, it was important that these details were accurately maintained.

Managing a High Number of Applications

Managing a High Number of Applications

There were issues on how they could handle numerous apps from the users. They required a system that could manage these swiftly and with no problems at all.

Connecting the Portal with Backend Systems

Connecting the Portal with Backend Systems

Ensuring that integration and compatibility of the portal with back end systems was probably one of the biggest challenges. They wished that all the functions starting from the users applying throughout sending the applications to the banks should function with no concerns.

  • Agile Development Process

    We worked under an Agile development model to reduce the level of rigidity while enhancing the rate of delivery. The given approach helped to focus on the number of completed works and allowed responding to the client’s requirements and managing reports throughout the project.

  • Main Web Portal for Users

    To achieve this, we designed the web portal, which provided the users with capabilities to browse through various products and to apply for specific product offering of the financial institutions. That process was made rather easy for end users with the help of this portal.

  • Admin Portal for Back-Office Teams

    For the sake of assisting the client to run several operations, we created an admin portal. This was able to effectively enable back-office teams to manage the firm’s financial products, users’ applications and platforms settings.

Solution Offered by Us

Project Glimpse

By 2027, the global fintech market is projected to reach $698.48 billion, growing at a CAGR of 20.3% from 2022. - Source: Allied Market Research

Key Features

Product Listing & Filtering
Product Listing & Filtering
Product Comparison
Product Comparison
Product Details & Documentation
Product Details & Documentation
User Signup/Login
Application Status Tracking
Application Status Tracking
Product & Category Management
Product & Category Management
Application Field Configuration
Application Field Configuration
SEO Management
SEO Management
Product Enable - Disable & Sponsorship
Product Enable/Disable & Sponsorship
Newsletter & Email Marketing
Newsletter & Email Marketing
Invoice Generation
Invoice Generation
Role-Based Access Control
Role-Based Access Control
Application Data Management
Application Data Management

Work Process

01
Requirement Analysis

The research process began with consultations with the client in order to find out more about the client’s problems and goals. This made us understand what they wanted and how we could assist them well.

02
Web App Design

Third, there is a user-friendly interface of the platform as a result of our work. We also paid attention on developing good backend so that nothing would go wrong by the time it got out.

Design
03
Agile Development

Then we employed an Agile development procedure which translates to developing the application in phases and releasing new features in small sets. This allowed us be agile in response to the feedback we received from the client.

Development
04
Testing

After that, we tested the platform thoroughly to ensure it worked well and was secure. We had to address all the issues that were identified during the test phase.

05
Deployment & Training

Last, the platform was initiated, and we gave the client’s admin team some basic guidance on how to work with the platform. This ensured that they are on standby in order to handle every view without any complications arising.

Launch

Results

  • 01.
    Easy-to-Use, Scalable Web Application

    We developed a web based application which is smooth and efficient right from the start with scalability options for the client.

  • 02.
    Simplified Application Process for Users

    The use of a platform ensured that the users were able to search, cross-check and even complete the application forms with ease.

  • 03.
    More Efficient for the Back-Office Team

    The back-office team is also able to process and handle applications with much ease and time efficiency than before, and with minimal errors.

  • 04.
    Better User Experience

    The users appreciate the platform because it is easy to understand, safe, and operates without any glitches.

Finance Web Application Development

Let’s get in touch!