Andersen, a European app development services company, has unveiled an innovative FinTech solution delivered for General Financing. This Lithuania-based financial organization specializes in personalized loans for individual clients. It approached Andersen to deliver a feature-rich digital product to facilitate financial management for its customers.
The choice of Andersen as a partner was wise. This IT agency is renowned for its exceptional expertise in financial IT solutions. With an impressive portfolio of over 350 successfully delivered projects, the company excels in diverse domains, including financial APIs, mobile banking apps, mobile trading platforms, FinTech app development, and insurance software solutions. Consequently, the agency is an ideal partner for those seeking state-of-the-art FinTech solutions.
The collaboration lasted for 14 months and resulted in a native mobile app designed for both Android and iOS platforms. This product helps users navigate their finances with unprecedented convenience.
A streamlined banking experience is what users receive with this app. This includes:
- Seamless access
Through biometrics, users can securely access banking services remotely.
- Real-time financial insights
Customers receive real-time updates on account balances, which helps them make sound financial decisions on the go.
- Effortless transactions
The digital product offers a user-friendly payment system, ensuring seamless transactions.
- Comprehensive profile management
Detailed profiles and extensive bank information are easily accessible, providing users with a holistic view of their financial portfolio.
- Personalization at its best
The solution empowers users to tailor profiles to suit their individual needs and preferences. This creates a truly personalized experience.
- Smart financial management
The platform has such features as automated budgeting, goal-setting capabilities, and advanced analytics. Moreover, it offers an innovative accounts aggregation service, consolidating information from third-party financial accounts.
- Smooth onboarding experience
The app ensures a hassle-free onboarding process, enabling users to swiftly integrate the platform into their financial routines.
- Seamless loan administration
Users can seamlessly manage loans through the app, including real-time application submissions, refund tracking, installment management, and access to detailed loan statements.
- Timely notifications
Customers stay informed through timely notifications and messages. Thanks to these features, they will never miss important updates.
- Efficient deposit management
The app simplifies deposit management, allowing users to create deposits, make additional payments, and withdraw money with ease.
These features are the result of dedicated professionals’ work. Andersen’s developers used technologies like Kotlin, Swift, Java, and Spring to guarantee excellent performance across various platforms. The middleware web service serves as a link connecting the app's front-end to the back-end systems, ensuring seamless data flow. At the core of the app's functionality resides a backend inner service, powered by Oracle PL/SQL, which ensures the secure management and handling of data.
Since its launch, the app has achieved impressive results. One of the key advantages of the solution is its adaptive flexibility. The backend's architecture allows for the swift integration of new API functionalities, catering to the growing needs of users.
Another significant achievement is the ever-expanding customer base. In just six months, the app has led to an impressive 23% increase in new customer acquisitions. What’s more, the company saw an 8% growth in loan deals within the same period.
The collaboration between General Financing and Andersen stresses the importance of a customer-centric approach to the development and design of software solutions. Thanks to this digital product, customers can now perform all financial tasks quickly and easily, which is of great importance in today’s fast-paced world. As a result, Andersen’s mobile solution is paving the way for a new era of personalized banking.
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