Online banking solutions
What it takes to build banking software of your own, explained by the Nimius Advisory team
A digital product for online banking needs a few key matters thought through before it goes to market. You will be handling clients’ money, and that always carries risk, so you need to know how payment gateways are integrated and how fraud in online banking is detected effectively. You will also need the right licence, which is granted only to a digital product that meets industry standards.
Launching fintech solutions for banking projects calls for key components such as:
- Data encryption to keep attackers from acting without authorisation.
- Multi-factor authentication, preventing third parties from making unlawful financial transactions.
- Secure communication channels, ensuring that the program and the server talk to each other without interruption.
- A KYC policy for identifying possible threats and reducing financial risk.
- A reliable, scalable tech stack, facilitating later upgrades and modernisation of the program.
- A provider with advanced equipment for a fast, stable connection to the bank’s servers.
- Dedicated servers to process transactions and store critical data.
- Security models such as Castle and Moat or Zero Trust, providing extra protection for user and bank data.
- Access-level hierarchies for distributing functions among the people taking part in financial operations.
That is not the full list, and every project has needs of its own. The best way to understand yours is to ask Nimius Advisory’s experts.
What you gain by working with Nimius Advisory
A mobile banking app is an internet banking platform, and like any such platform it has to meet industry standards. Our experts help you take every important detail into account.
Working with Nimius Advisory, you get:
- A detailed analysis of your segment
- Clear priorities for the financial and technical aspects
- Help with the project documentation
- Support with a range of tasks, such as:
- Finding contractors
- Choosing the technical foundation
- Organising the work with developers and QA
- Handling the legal processes
- Developing, implementing and scaling the software
- Full advice on every related question
- Qualified support for business-critical processes
- Prices for our services set individually
We prepare you for launching projects built on cloud banking services and stay with you until they are delivered. Our team makes sure your digital product complies with the norms, standards and regional laws that apply where the bank provides its services, and our specialists take care of all the key legal work, which takes the routine tasks off your hands.
IT solutions for online banking we can help with
Every member of our team holds accreditations in several niches and has plenty of experience in the financial industry, so our experts are not limited to one field. Whatever part of digital banking your challenge concerns, cybersecurity for online banking included, we can help you deal with it.
We support IT solutions in many areas:
- Web banking
- Mobile banking
- Smart banking
- Video banking
- Voice banking
- Payment gateways
- Transaction processing platforms
- Microcredit programmes
- Quick loans
- Money transfer solutions
- BNPL (buy now, pay later) platforms
- Fintech services
Other kinds of software are within our scope too, for segments such as B2B, B2C, C2B, C2C, P2P and others.
How we work together
Working with us is simple and takes only a few basic stages:
- Stage 1
Project goals and concept
We study the client’s idea for a digital banking technology and estimate whether it is viable, roughly what it will cost and what ROI it could bring.
- Stage 2
The cooperation agreement
We draw up and sign the agreement, an NDA and any other documents needed.
- Stage 3
Research and initial advice
We analyse the niche and look for ways to cut operating costs and save the client time.
- Stage 4
Legal support at launch
We help find experienced contractors for the project, check their reputation and register the project with the relevant regulators.
- Stage 5
Overseeing development
We follow development closely and make sure the software’s technical foundation is built efficiently.
- Stage 6
Compliance with financial-sector standards and laws
Every mechanism and protocol goes through rigorous security and compliance testing.
- Stage 7
Legal help with documenting and publishing the IT solution
We collect the permits, documents and specifications, and take care of licensing the product.
- Stage 8
Project completion
We sum up the work, hand the client the relevant documents and calculations, and are paid for our services.
IT solutions for online banking: a way to scale your business and earn extra income
To launch a digital product like this quickly and efficiently, start with a first consultation with a Nimius Advisory representative.