Empowering Innovative Banks With a SaaS Banking Engine
The client
The team behind this project set out to build a cloud banking service that is genuinely convenient — a flexible engine powering financial institutions that offer consumer and business banking, on infrastructure letting them launch services quickly and move into new markets.
The challengeWhat the teams actually needed
The project was already under way and needed outside help immediately.
Challenge 01Web and mobile together
A convenient application was needed across both, not one and then the other.
Challenge 02An engine, not a product
The flexible engine had to power institutions offering consumer and business banking rather than serve end customers itself.
Challenge 03Launching into new markets
The infrastructure had to let clients start services quickly and take them somewhere new.
What we did
Two projects, delivered against a very tight clock
After the scope was clarified in detail, Netguru and the client worked together on a loan conversion calculator and a transaction loader that validates accuracy.
Converting loans
The first project was a convenient calculator for converting loans.
Transactions checked
The second was a transaction loader mechanism validating that transactions are accurate.
Rails expertise added
The client expanded its team of Ruby on Rails consulting experts through the engagement.
A gem for the API
A new gem was created as a wrapper for the API the project needed, and the outstanding issues were resolved inside an extremely tight timeframe.
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What’s next