Case Studies / Fintech
How MAS Global Helped A Global Financial Services Company Grow By Developing A Mobile App And Website
About The Global Financial Services Company
This company is known for helping people and businesses move money. But they also help build communities, grow economies, and thus create a better world. It has more than 500,000 agent locations around the globe in over 200 countries. The company carries out transactions in nearly 130 different currencies, sending money to billions of accounts worldwide. This company developed a subsidiary platform to offer a currency exchange service for their customers to send money within the US and between the US and other countries.
The Business Challenge
This platform is used by individuals to send money from retail agents in the US to more than 200 countries around the world, but because it lacked a mobile app, they had few customers using this service. By using a mobile app, potential customers would be able to send money at a lower fee compared to other competitive services, creating a high growth potential. Therefore, the opportunity to gain market share and acquire new customers by digitizing their platform was high. Creating these digital platforms for their customers produced 2% of the company’s current Digital USOB volume within the first 12 months. Additionally, their revenue is expected to grow by approximately 30% after Y1.
How We Helped Them
Working together with this global financial company, a MAS Global Agile certified team built a mobile app and website for the client in 4 months. The teams retooled their existing platform to fulfill their goals. The MAS Global Fullstack team included Senior Developers for Angular, ReactNative, and Java. The team also had a Scrum Master and Quality Assurance Engineers distributed between Colombia and Argentina, working hand in hand with the client’s team in San Francisco.
Technical adjustments were made for CloudPricing and the client’s product (Company Reward Program) using CS Rest APIs and credit/debit card payments through their payment network. The team added feature customization related to branding and partner functionality while maintaining high performance on response times. The mobile money transfer app was integrated with several analytics and performance plugins such as Kochava and Splunk, among others.
A new landing page was developed to be fully integrated with the Web Solution under strict security standards. Their new site is now responsive and works smoothly on all web browsers and devices while correctly displaying images and videos on every platform. This page was integrated with Adobe Experience Manager for Delta Multilingual Solution and centralized content management.
The MAS Global team also performed a migration from AngularJs to Angular8 LTS. The migrated web works with Redux and is fully coded using strict typescript specifications. Many reusable components were created to improve code efficiency and readability, and therefore maintainability.
From the Backend perspective, the mobile money transfer app and web are aligned with the company’s business rules. Staying inside these boundaries helps to have control over transactions while matching the policies with each destination country. Additionally, the MAS Global team helped with the implementation of partner fixes inside the client’s platform, which was beneficial for the product and the client’s partners.
Because of the solution we developed, the mobile money transfer app currently supports transactions made from credit/debit cards and bank accounts to cash from agent locations in over 200 countries.
“The key to producing results with a consulting company is to build a great partnership, and we did that with MAS Global Consulting. We found a lot of committed and engaged resources, and MAS certainly pushed us not to simply redo what we’d always done. They actively suggested new technology. Sometimes when you work with partners in all areas of the world, you only get what you ask for, but MAS Global Consulting was very proactive, actively suggesting new technology and bringing topics to the table that we hadn’t considered. Their expertise was on full demonstration, reflecting the full ownership they took of the project”.
“I would like to thank MAS Global consulting solutions for the wonderful job in helping us develop and launch this product powered by our Company. Everyone was professional, committed, and very hard working. I personally enjoyed my daily interactions with the team; everyone was open to receiving feedback and adjusted accordingly. Thanks to the team, we were able to meet our goal and deliver a high-quality product on time”.
Are You Ready for MAS?
Are You Ready for MAS?
Do you have a major software development project that is stagnating? Are you tired of constantly having to onboard new software developers as your outsourced developer constantly cycles people out? Do you need proven, reliable, and professional services from a software developer who generates real results?
If your answer to any of the above is “YES!” then reach out to MAS Global today! We offer a unique approach to software development services that combines U.S.-based developers and nearshored developers that provides:
- Cost savings
- Significant flexibility
- Long-lasting relationships with your developers
- Consistent results using Agile frameworks and methods
- Strong reporting so you’re never in the dark