Chip

Transforming Saving and Investment with Cutting-Edge CHIP Technology

Chip is a mobile app that revolutionizes saving and investment by using AI to analyze spending habits and income. Users can easily set savings goals and track progress, with investment options and partnerships with leading banks. Chip is committed to high security standards, making saving and investing simple and secure.
  • Location UK
  • Industry FINTECH
  • Team Size 5 people
  • Duration 3 months
  • Budget NDA
Case mobile app interface

Challenges

Chip two mobile app screen

  1. Meet numerous industry specific security standards & prepare product to be PCI/DSS compliant-compatible system.

  2. Developing API for easy integration of clients accounts from different banking institutions.

  3. Need to meet high security standards applicable to financial industry.

Solution

Chip is a mobile app that offers an automatic savings account for users. It analyzes the user’s spending habits and income to calculate how much money they can afford to save each week, and then transfers that amount to a savings account held with Chip’s partner bank.

Chip allows to set savings goals, track their progress. It also offers investment options for users who want to put their savings to work in the stock market.

Chip mobile app activity

our input

  • Solution architecture

  • Ios development

  • Android development

  • Back-end Development

  • Quality Assurance

  • Project management

RESULTS

Our collaborative efforts have given rise to an exceptional mobile app that has surpassed user expectations, achieved remarkable success in the market, and brought immense value to our clients.

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    £45M
    funds raised

    Raise additional capital due to solid development.

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    500K
    active users

    Working with iOS and Android applications.

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    £250
    saved by users

    User friendly app helped users to save £250 since the app's launch.

App functionality

Chip mobile app filter results

  • Round-ups

  • unified API Interface

  • Savings account

  • Investment options

  • balance tracking

  • Bank account connection

  • One-click withdrawals

  • Secure authentication

  • Automatic saving transfers

  • notifications

  • Saving rate adjustment

  • Smart balance management

  • Cloud storage and backup

how we did it

  • cutting edge microservices architecture

    that provided efficient data structure to support growing business needs and allow business to scale and smoothly add new features

  • month to launch

    development from scratch with on time launch

  • open banking

    developed ocre engine to its "ready-for-market" state

  • Reduced costs

    Optimal value for money development costs

  • years total partnership

    delivery of new features, maintenance & support

  • full responsibility

    for three iOS and Android apps that meets all data & functionality requirements

Technologies
we used

  • Technologies icon

    .Net & .Net Core

  • Technologies icon

    React

  • Technologies icon

    AWS

Creation Process

  • Discovery & Conceptualization

    During this stage, we conducted a market analysis to identify the target audience and define the product vision. We then worked closely with the client's team to shape hypotheses and test them with independent focus groups. The feedback we received helped us shape and reshape the product vision to fit the market niche.

    1

  • Design & Prototyping

    After clarifying the feature list, our team created wireframes that aligned with the target audience's preferences. We worked on a concept that was easy to use and could be scaled or changed to meet the client's future needs. We then created high-fidelity designs and prototypes that helped us refine the user experience.

    2

  • Solution Architecture

    During this stage, we created a list of all the required vendors for product creation and performed in-depth research on their differences in terms of price, quality, scalability, and compatibility with each other. After weighing all the pros and cons from a business, technical, compliance, and security perspective, we proposed a flexible and scalable solution architecture based on optimally priced vendors.

    3

  • Development & Testing

    Our team of engineers worked on developing the iOS, Android, and Web back-office portals simultaneously. We integrated with different service providers, which presented numerous challenges. We had to overcome outdated API documentation, sub-partner dependencies that affected timelines and created codependencies. We also performed rigorous testing to ensure the application's reliability, functionality, and security.

    4

  • Maintenance & Support

    After releasing the MVP, we continued implementing new features and fixing bugs based on client feedback. Our frequent releases every two weeks helped us improve the product and keep pace with the market. We also provided post-launch support to ensure the application's stability and address any issues that arose.

    5

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