endorsedCompleted

FinTech MVP Development for App-Builder Company

Services Covered:

Custom Software Development

Industry

Financial Services

Duration

5 months

Budget

50K - 199K

Start Date

1 August 2020

Team Size

11-15 Employees

Engagement Model

Offshore

Project Capability Score (PCS)

78/100

Good

Project Capability Score (PCS) estimates how capable Lightpoint Global 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

Confidential

San Francisco, United States of America

Project Summary

A design studio engaged Lightpoint Global to develop an MVP for an app-builder with FinTech-focused integrations. The vendor delivered a multi-component platform including bank APIs, database integrations, SAP integration, and a web app for payment management, working in weekly iterations. The MVP helped the client attract additional investment, and communication occurred primarily via Slack and email.

Key Challenges

Need for experienced developers with deep FinTech expertise
Requirement to build a multi-component system with bank APIs, databases and tertiary services, SAP integration, and a payment-management web app
Deliver an MVP first to validate client needs before committing to full-feature development

Project Deliverables

MVP
APIs for banks
Database integrations
SAP integration
Web app for payment management and control

Project Solution

Lightpoint Global was selected after interviews because of prior experience with similar solutions and perceived reliability. The engagement began with a discovery phase to align business needs and match the client's precise requirements to required functionality. Work proceeded in weekly iterations, followed by a design phase based on the client's concept. The team coded a reduced-scope MVP that omitted some planned functionality at the client's request; the client tested early versions and approved the MVP, after which further development continued. The vendor provided the following staffing: 1 Fullstack Team Lead, 5 Fullstack Developers, 1 Front-end Developer, 1 Automation QA, and 4 QA engineers.

Project Outcome

The client attracted additional investment as a result of the MVP
The vendor maintained strong iterative delivery and communication (Slack and email), resulting in high customer satisfaction
The vendor demonstrated deep FinTech expertise and acted as an advisor, improving stakeholder confidence

Platforms

Web
API/Integration Platform

Tech Stack

REST API
SQL
SAP Cloud Platform

Client Endorsement

Overall Review Rating

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“The end deliverable helped the third party client attract more investments. The workflow was also excellent. They communicated through Slack and emails. Lightpoint Global created the platform while prioritizing the satisfaction of the client.”
Anton Svetlov
CEO
Date: 03/01/2021