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Building the foundations of a neobank in just under a fortnight
Finance
How to build a functional banking application in less than a fortnight
If you’re a burgeoning fintech startup, you’re likely familiar with these two key truths: One, pitching abstract ideas to prospective financiers can be tricky. Even with a glossy PDF or a simple clickable prototype, it’s difficult to sell the power of your proposition. And two, speed-to-market is crucial—you typically stand to generate more value as a first-time mover.
Developed in 2019, Fortnight Bank was born from recognition of those two insights. We thought: why not showcase our capability to support fintech startups—or recently established neobanks looking to extend their financial product suite—by rapidly building working, tangible banking products?
Fortnight Bank is just one example of the team showcasing that capability. Here’s how we built a fully functional white-label banking application in just seven business days.
Outcomes
Real-time
built over the course of the Sapphire Now conference in 2019
5 experts
built by a small, tight-knit team
7 days
to build a fully functional white-label banking application
About Fortnight Bank
Built in conjunction with SAP as part of our presence at the 2019 Sapphire Now conference, Fortnight Bank is a fully functional white-label banking platform. Although it is built in a sandbox environment, Fortnight Bank facilitates monetary transfers between multiple accounts.
Industry
Finance
Location
USA
Length of project
Seven days
Challenge
Build all the crucial functions of a bank—and integrate with a real provider—in just seven days
Despite its rapid development lifecycle, Fortnight Bank offered the following key functionalities:
- Ability to create user accounts and log in
- Ability to check account balances
- Ability to conduct real-time transfers to external accounts
- Ability to conduct real-time transfers between a user’s own, internal accounts
- Real-time updates to account balances
If speed-to-market is a priority, we’ve got proven capability. If you’ve got a product idea like Fortnight Bank, we can help you build it, launch it, and get it in the hands of customers or potential investors. Fast.
Solution
The seven steps to launching a functional neobank
Day 1: Application setup and establishment of continuous delivery pipeline
Day 2: Secure authentication
Day 3: Branding, interface design and visual identity
Day 4: Develop accounts and transaction functionalities
Day 5: Direct Payments
Day 6: Conduct and complete end-to-end testing
Day 7: Launch Fortnight Bank