endorsedCompleted

Enterprise App Modernization for Online Bank

Services Covered:

Legacy Application Modernization

Industry

Financial Services

Duration

6 months

Budget

10K - 49K

Start Date

1 August 2024

Team Size

1-5 Employees

Engagement Model

Offshore

Project Capability Score (PCS)

87/100

Strong

Project Capability Score (PCS) estimates how capable Acquaint Softtech Private Limited is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

Xoala

Sweden

Project Summary

Acquaint Softtech modernized an online bank's core backend by refactoring legacy logic into modular Laravel services, implementing encrypted storage, and strengthening API authentication and access controls. The delivered system provided complete, readable audit trails and clearer access boundaries, which improved internal reviews and regulatory responsiveness. Project management met deliverables, adapted to regulatory changes, and communicated effectively.

Key Challenges

Modernize core backend components to support parallel banking, card acquiring, and crypto workflows within a single portal
Introduce stronger auditability and access controls aligned with EMI, card scheme, and crypto licensing expectations
Stabilize internal operations by reducing ambiguity around who accessed what data and when
Improve system resilience and maintainability without disrupting live payment, IBAN, or wallet activity

Project Deliverables

Refactored legacy backend logic into modular services
Implemented encrypted storage for sensitive operational and compliance data
Introduced comprehensive audit logs tied to user actions, system events, and API calls
Strengthened API authentication flows across internal services and third-party integrations
Applied strict access guards reflecting real operational roles across banking, compliance, and support teams

Project Solution

The vendor was engaged to perform enterprise application modernization using Laravel as the backend foundation. They modernized the system incrementally, refactoring legacy backend logic handling financial and crypto operations into modular services, implementing encrypted storage for sensitive operational and compliance data, introducing comprehensive audit logs tied to user actions and system events, strengthening API authentication flows across internal services and third‑party integrations, and applying strict access guards that reflected real operational roles across banking, compliance, and support teams.

Project Outcome

Internal reviews became much easier and faster
Audit trails were complete and readable
Access boundaries were clearer and teams trusted system behavior more
Deliverables were met as planned and regulatory-driven adjustments were handled transparently

Platforms

Tech Stack

Laravel
PHP
REST API

Client Endorsement

Overall Review Rating

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Acquaint Softtech Private Limited delivered a system that behaved predictably under scrutiny, complete with audit trails and clear access boundaries. Their project management was solid — they met deliverables, adapted to changes, and communicated effectively. Their expertise and knowledge stood out.”
Nick Kundnani
Founder
Date: 02/02/2026