endorsedCompleted

Wealth Management App for Fintech Startup

Services Covered:

Custom Software Development • Mobile Application Development • Application Integration • Test Automation • DevOps

Industry

Financial Services

Duration

11 months

Budget

200K - 999K

Start Date

1 April 2021

Team Size

11-15 Employees

Engagement Model

Onshore

Project Capability Score (PCS)

76/100

Good

Project Capability Score (PCS) estimates how capable Softermii 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

Los Angeles, United States of America

Project Summary

Softermii developed a wealth management application for a fintech startup that included expense monitoring, asset and portfolio management, and loan opportunity tracking. Within two months of launch the app recorded 1,296,000 in-app transactions, connected 3,000 properties, and gained about 24,000 subscribers. The team delivered across Web, iOS, and Android with security measures including two-factor authentication and OAuth2, and used Jira, Ganttpro, Scrum, and Slack for project management.

Key Challenges

Build an all-in-one solution to help users with little wealth-management knowledge track spending and loans
Create an accessible UI/UX suitable for any audience
Integrate multiple American banking systems and third-party APIs
Implement asset and property management and forecasting algorithms
Synchronize data with banks to provide loan opportunity recommendations

Project Deliverables

Spending monitoring module with analysis, categorization, forecasting, and personalized notifications
Financial portfolio module for asset and property management and personalized investment offers
Loan opportunities algorithm synchronized with banks
Web, iOS, and Android applications
Two-Factor Authentication with OAuth2
Design concepts and prototypes (10+)
Automated QA test suite (around 200 tests)

Project Solution

Softermii designed and built an all-in-one financial application divided into three components: spending monitoring (analysis, categorization, forecasting, notifications), a financial portfolio (asset and property management, savings goals, personalized investment offers), and a loan-opportunity module using an algorithm synchronized with banks. The team implemented integrations with third-party banking and property platforms, developed Web, iOS, and Android clients, executed extensive QA including automated tests, and applied Two-Factor Authentication with OAuth2 while collaborating with DevOps to follow secure SDLC practices and select a cloud provider.

Project Outcome

1,296,000 in-app transactions in the first two months
3,000 properties connected in the first two months
24,000 subscribers in the first two months
Seamless workflow and a professional, committed vendor team

Platforms

Web
Mobile

Tech Stack

iOS
Android

Client Endorsement

Overall Review Rating

4.88

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Two months after the app's launch, the company recorded 1,296,000 in-app transactions and connected 3,000 properties to the platform. They also gained around 24,000 subscribers. Softermii's workflow was seamless, and their resources were professional, supportive, and committed to the project.”
Yi Lin
CFO
Date: 06/16/2022