PROMT Case Study

Promt is an online bank that provides banking services in the European Union. From banking services, these are accounts with the option of currency conversion, debit cards, virtual cards. In the future, stock trading and other services are also planned.

The online bank appeared as a venture of a well-established bank, on which the board of directors had big plans and considered it as a large-scale vector of development and attraction of new investments and partners for 2021.

 

Tasks and goals

The client approached us with the task of developing a banking web application and a mobile application for iOS and Android devices, which must be implemented within a strictly defined time frame without any delays.

A more extended list of tasks assigned to us was as follows:

• Analyze the requirements for the banking application on the part of the client;
• Analyze and study the requirements for a banking application on the part of potential bank customers;
• Develop terms of reference;
• Develop a user interface design, taking into account the client’s brand book, which will ensure the simplicity and ease of use of the application;
• Develop an MVP within a limited time frame of 7 months;
• Simultaneously release a web application and a mobile application for iOS/Android devices.

 

Solution

We conducted a comprehensive analysis of the target market, studied the requirements for the application both on the part of the bank and on the part of potential users.

Taking into account our competence, extensive experience and a highly qualified team, we have identified and agreed with the client the main areas that need to be emphasized in the development and development, which, in the future, will distinguish the product from other competitors in this market:

• Modern, convenient and most understandable interface;
• Developed customer service (technical support, remote maintenance, quick account opening and card issuance, etc.)
• Loyalty programs and bonus systems;

 

The functionality of the web and mobile application should include all the main features so it could be used without any issues:

• Issuing bank cards and opening accounts;
• Easy transfers of funds between accounts, to other banks;
• Detailed stat on completed transactions;
• Make payments and manage subscriptions to various online services, such as Spotify, Netflix, Apple, etc.;
• Ability to analyze finances;
• Easy communication with support and quick issues resolving.

 

Application screens

 

Issuing a card takes just a few clicks in the app.

Transferring funds, managing subscriptions to various online services, paying for mobile services and others in a mobile application is visual, convenient and easy.

 

It is also convenient to carry out the same actions and use all the functions in the web application.

 

The app’s main screen is designed to display only the most relevant information and features.

Summary

The development of a web application and a mobile application for iOS and Android devices was successfully completed.

The MVP development period was 7 months from the start of work. The web application and mobile applications were developed in parallel in order to have time to complete the work in time. So we:

• Studied the requirements for the banking application on the part of the client;
• Conducted an analysis and studied the current requirements for a banking application from potential customers of the bank;
• Developed the terms of reference;
• Developed the design of a web application, a mobile application;
• Conducted large-scale pre-release testing of the web and mobile application;
• Delivered a web and mobile application with the following functions:
  
  • Issue of bank cards and opening of accounts;
  • Transfers of funds between user accounts, to other banks;
  • Detailed information on completed transactions;
  • Analysis of finances and expenses;
  • Manage subscriptions to various online services such as Spotify, Netflix, Apple, etc.;
  • Payment for various services, such as the Internet, mobile communications, utility bills, etc.;
  • Technical support;
  • Loyalty program and bonus system;
  • Remote issue of cards;
  • Dark and light theme;
  • and etc.
• Released a mobile app on Google Play and the App Store.

 

The client was completely satisfied with our work on the development of the Promt web and mobile application, strict adherence to deadlines and a professional approach to the task.