RegentFe
The project consists of two independent parts, BBFC RegentFe (Payment platform) and Lending platform.
Payment platform is an Internet banking system which allows users to open accounts in several currencies, make transactions between these accounts, currency conversion and distribute the banking cards.
Industry
Fintech
Team
10 developers
Dev Period
4+ years (ongoing)
About
The project consists of two independent parts, BBFC RegentFe (Payment platform) and Lending platform.
Payment platform is an Internet banking system which allows users to open accounts in several currencies, make transactions between these accounts, currency conversion and distribute the banking cards.
Lending platform is a platform for loan providers. It allows users to maintain more than one credit product, takes short-term loans, automate the decisions about providing loans, payments calculations, money collection, gathering and storing credit operations, and user’s interactions.
Challenges
The New Line Technologies team had the goal to develop the up-to-date Neobank which could provide fast service without a queue at the bank’s offices.
Our primary objectives were:
- to develop the product which could be used by private and juridical persons;
- the product should have the agile system of the transaction’s internal lifecycle which could help to monitor and change transactions processes if necessary;
- the system should support the operation of multiple loan providers on a single instance;
- the loan provider should be able to set up the process of the loan providing decision and standard business processes according to their business model
- the application should correspond to the rules of the European (British) banking service regulator
Solutions
- the application allows you to manage banking accounts online and commit transactions from your device;
- It provides the opportunity to easily transfer the money to the receiver;
- the system allows to open the accounts in several currencies and make the transactions between them;
- the ability of the currency conversion;
- the system allows to distribute of banking cards;
- the ability to make a short-term loan, correct the loan providing condition;
- the system allows the agile set up of the credit products for each loan provider;
- the system allows to monitor suspicious user behavior and to automatically block the account’s operations.
Results
Both applications successfully work ‘Live’ and have all the necessary MVP functionalities. They have real users and continue to grow the quantity of providing services and products.
Payment platform is developed from the beginning, it has the production version and functioning for the outer clients.
Landing Platform has a production version, is functioning for the outer clients, and continuously growing the quantity of providing products, solutions, and API.
The review
“They’ve taken ownership of the project, are quick to address concerns, and have proactively addressed any issues.”
May 9, 2022
Platform
GET IN TOUCH WITH US
Thank you for your interest. We will be in touch shortly.