Our client is one of the largest financial service provider of New York. A true global leader in the financial technology arena, client offers 500+ mission critical installations for Commercial Banks, corporate, as well as Central Banks and Infrastructure Providers in over 70 countries.
The bank is focused on new growth strategy: embracing mobile technologies and engage new prospects. To support their mobile-platform effort, the bank’s leadership considered completely revamping the manual ecosystem. To ensure seamless and timely integration, our client has selected OrangeMantra as the company of proven mobile payment expertise and technological innovation.
Such a reputed finance planner required profound technological capabilities and knowledge, which they lacked. To eliminate paperwork, cut the payment processing time, digitize money transfer, and remain competitive on the market, our client partnered OrangeMantra to design a tailor-made mobile solution.
Technological Expertise Gap: The client had a great vision but lacked the technological capabilities required for such an innovative project.
Seamless Integration: Ensuring the seamless integration of the new mobile solution within the existing infrastructure was a significant challenge.
OrangeMantra set up a team of expert mobile app developers for building the solution from scratch. Before getting to the development work, our first milestone was to understand the client business based on market analysis, human-centered research, customer feedback, business model discovery, and validation.
The SDK benefits banks, e-wallets, payment platforms, retailers, and consumers by allowing fast and secure mobile transactions. The user connects their bank account with the system and completes the transaction. No personal data or bank details is saved which makes it completely anonymous and safe.
Market Analysis and Research: Our team initiated the project with proper understanding of the client’s business. This included market analysis, human-centered research, customer feedback, and business model discovery.
Team Setup and Development: A professional team of expert mobile app developers was assigned for the project to build the solution. This team collaborated closely with the client to ensure solution aligned seamlessly with their business plans.
SDK Development: The core of the solution was to build an innovative Software Development Kit (SDK) that catered to banks, e-wallets, payment platforms, retailers, and consumers. The SDK facilitated fast and secure mobile transactions, by not storing personal data.
Thanks to OrangeMantra extensive mobile app development expertise, our client’s idea for a best-in-class and market penetration solution was effectively deployed. Our solution will address some of the most common challenges in payment processing and money transfer.
Over a period of only three months, we helped our client engage large volume of customers, streamlined their banking processes, optimize account management, and many more. Our partnership is constantly growing as our client continues to team up with new banks, e-wallet platforms, and merchant organizations.
Customer Engagement: Over a span of three months, the client witnessed a substantial increase in customer engagement, reaching a large volume of users.
Operational Efficiency: The new solution streamlined banking processes, optimized account management, and significantly reduced payment processing times.
Market Penetration: The partnership between OrangeMantra and the client continues to grow as the financial institution collaborates with new banks, e-wallet platforms, solidifying its position in the market.