Muniy – Web Banking Application
The client reached out to us with a request to develop an Online Banking application – an all-in-one banking and payments service that provides maximum convenience and flexibility and doesn’t require users to interact with a physical bank to open an account. It was also essential to create a secure, trusted platform where users can accumulate and manage any amount of funds. The core of the platform consists of a number of services that allow carrying out various kinds of money transfers.
- Domain Fintech
- Country United Kingdom
- Project category Web App Development
App Features
- KYC/KYB Verification
- Individual/Corporate accounts
- Multicurrency coverage
- Mastercards
- Statement generation
- UK Local Transfers
- SEPA Transfers
- Muniy transfers
- Fee collection
- 2-Step Verification for Transfers
- Top Up via Open Banking
- Beneficiaries
WE MANAGED TO:
– implement a secure onboarding process by integrating KYC/KYB verification service to protect the financial institution against fraud, corruption, and money laundering;
– integrate service in order to issue personal/business banking multicurrency accounts with access to banking details;
– integrate a Mastercard service to allow users to request virtual cards and spend funds in physical stores or e-commerce websites;
– integrate Intercom service to allow users quickly reach out to support and resolve any issues they might have;
– implement various payment methods in order to send funds locally and abroad;
– realize generating of statements to let users get a summary of account activity for a specific time period.
How It Works:
Choose a personal or business account
Submit your documents in order to pass the verification process
Open banking accounts in a needed currency
Order virtual Card
Send funds locally via Faster Payment payment method
Send funds abroad via SEPA payment method
Add your card to Apple Pay/Google Pay. Use card details for online purchases.
Client’s review: clutch/docode
