Implemented project
A project with a ROI of 125% after just one year.
The client's name, company and project name are not disclosed
In January 2023, a request came to us to create an online bank for people in Mexico and Australia. The company had 5 partners at the beginning of the partnership, we started the communication very intensively and continued to work so the whole project!
SMART objective
To get the MVP version of the online banking project up and running within 5 months with all necessary licenses.
How did we do it?
Before signing the contract, we had 7 meetings with the client. We identified the requirements, discussed the commercial proposal and a preliminary estimate.
Then Konomic.com team started to develop the necessary project documentation: Roadmap, PID, Product/System Requirements, (SRS), Architectural Documentation, Development Plan, Release Notes, etc.
The first step is necessary to initiate the project. Our team managed this in 2 weeks.
This step is followed by the next ones:
- Software creation and finalization (3.5 months)
- Deployment (1.5 months)
- Maintenance (until now)
Result of Development
An online banking service with crypto and fiat payment options is a platform that allows users to manage their finances, make payments and transfers in both cryptocurrency and conventional currency.
Technical features of the solution include the use of blockchain technology and smart contracts to ensure secure and reliable transactions, as well as the high performance and scalability of the system.
The platform provides a user-friendly interface for managing bank accounts and wallets, as well as the ability to deposit and withdraw funds in various currencies, including cryptocurrency.
The service also provides functionality for monitoring and managing expenses, as well as the ability to set up notifications and automatic payments.
The platform provides a high level of security and privacy, using encryption tools and multi-factor authentication, as well as maintaining compliance with international data security standards.
Bottom line
296 000$
Development cost excluding legal support and business consulting
190 000$
Marketing
Unit Economic Indicators
ARPU
Average Revenue Per User
Increased by 59%, which means that the average revenue per platform user increased by 59% due to the stimulation of user activity through seamless payments and transfers within the cryptocurrency wallet
ROI
Return on Investment
The return on investment of the cryptocurrency wallet module after 11 months was 97%, and the costs of the technical implementation alone were able to pay off after only 8 months.