This is a very specific example since our client is the latest digital banking initiative under Fiba Group following various successful exits in one of the most competitive digital banking markets, Turkey. Fibabanka under several digital banking initiatives recently lunched its operations as a challenger leveraging on latest technology applications for market entry.
Under such initiatives, Innovance provided all resources & front-line expertise for the very first Internet Banking & Mobile Banking Application developed & deployed using React Native & TypeScript in the market being based on a singular code framework.
Latest technologies are essential to achieve scale for challenger banks for market entry.
- State of the Art Architecture
- Latest Technology Stack for Mobile Banking
- Cost Effective
Innovance’s responsive & consistent architectural design and flows simplified most complex banking transactions for the retail banking clients simplifying complex forms minimizing human based errors drastically increasing customer engagement & making the bank the leader on consumer loan sales purely relying on mobile & internet banking.
Innovance with resources & expertise provided under hybrid engagement model ensured fast lead times assuming all project risks.
Application of React Native & TypeScript involved single code for iOS, Android & web-based applications which had tangible effects on both CAPEX & OPEX of the bank. The highly scalable architecture established on mobile & internet banking as the core channels for retail banking segments taking load of the branch network further providing efficiency on operations and customer engagement.
Innovance was able to provide technology leadership for an end-to-end engagement with higher cost efficiencies and shorter lead times compared to benchmarks in one of the most competitive markets.
Hybrid engagement model provided necessary leverage for the challenger bank to outsource its digital transformation initiatives keeping down own IT resources at operational state Innovance being the sole solution partner of the bank for large transformation initiatives.
Outsourcing not only IT operations but all digitization initiatives provided the bank to focus on pure banking business and, with the adoption of the thoroughly analyzed technology solutions in a record amount of time, Fibabanka reached retail consumer loan sales leadership within the market.
Innovance with requirements provided by one of the leading digital banks not only introduced one of the most function rich mobile banking application but also introduced new levels of cost efficiency on managing & running IT operations at a such scale.
Loan Sales via alternative distribution channels
Fibabanka achieved top sales figures on
consumer loans due to seamless integration with alternative distribution channels.
Most number of features on mobile
Innovance supplied the bank with the greatest number of banking functions available on a mobile banking application at that given time in the market with shortest lead time from kick-off.
Single code for iOS, Android & Web
A single code for responsive usage on all mobiles, tablets, and web browsers provided a future proof solution.
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