Transforming Saving and Investment with Cutting-Edge CHIP TechnologyChip 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.
- Meet numerous industry specific security standards & prepare product to be PCI/DSS compliant-compatible system.
- Developing API for easy integration of clients accounts from different banking institutions.
- Need to meet high security standards applicable to financial industry.
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.
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.
Raise additional capital due to solid development.
Working with iOS and Android applications.
User friendly app helped users to save £250 since the app's launch.
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.
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.
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.
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.
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.