FinTech Platform for Self-Service Banking

Working a web & mobile makeover within a legacy financial ecosystem

Client and Business Goals

The Client is a well-established finance planning and brokerage enterprise from Australia providing one-stop advisory on business risks and life insurance, alongside superannuation.

With their business processes underlying an obsolete web ERP system, the client faced a massive drop in workflow efficiency. The issue surfaced a need for revamping the existing tech infrastructure, so the client found themselves in the market for an engineering aid from the outside.

The mission was to rebuild the bugged legacy code with future-proof technologies while designing a flexible architecture with an eye to an easy switch from web to mobile. As an applicant for the job, AIS Novations stood out for its vast experience in code refactoring, along with a mastership dealing with microservice mobile-first app architectures, and extensive expertise in the Financial industry.

Challenge

The client’s code refactoring helped discover critical data vulnerabilities, which the team successfully fixed by enhancing security protocols. To tie up more loose ends, our DevOps experts deployed a safely isolated Docker environment for running and updating the app to newer framework versions.

So far as the obsolete solution lacked scalability, we’ve redesigned the architecture with adaptivity in mind, saving enough room for further functionality growth.

Solution

The team was to remedy a personal finance management solution enabling online advisory from insurance or pension funds specialists. By introducing neatly rebuilt code, implementing new features, and handling advanced API-led integrations, AIS Novations redesigned the app into a nimble self-service FinTech platform.

The system provides parameter-based recommendations while allowing all sorts of budget calculations, finance governance, goal-setting, and more.

Work done

End-to-end code refactoring & bug fixing
Design & business logic reskinning
DevOps engineering
API-enabled banking transactions integration
Solution content updates
System security & acceptance testing
Post-acceptance code sanity support

Highlights

Two-factor authentication
SMS notification
Financial calculation (loan, income, debt, etc.)
Budget planning advisory
Bank account syncing
External FinTech services integration

Tech Stack

Apache-ant
GoogleMaps API
JavaScript
jQuery

Bootstrap
Linux
Maria DB
Nginx

Docker
Symfony
WordPress

AIS Team

8Software Developers

1DevOps Engineer

Customer location: Australia

Project duration: 2 years

Results

The team has brought its 'A' game to keep their end of the bargain — and nailed the job. With renewed look and feel, automated banking routines, and well-vetted marketing strategies, the solution launch is afoot. The client is busy discussing a full technical maintenance contract with us, the support team expecting a heads-up.