Client Challenge

The client, a well-respected name in housing finance, recognized the need to modernize and attract a broader customer base. They envisioned an innovative app that offered:

Unconventional Functionality: Seamless integration of fiat and crypto transactions within a user-friendly interface.

Real-time Information: Timely market updates to ensure users make informed investment decisions.

Robust Security: Unwavering adherence to financial regulations and industry-leading security practices.

In-Store Purchases: Ability to use crypto or fiat for purchases at participating vendors.

Solution

Evolt delivered a comprehensive solution encompassing several vital areas:

Fee-Friendly Banking: The platform eliminates many traditional banking fees, promoting cost-effective transactions.

Multi-Functional App: The initial version offered a suite of features, including:

• User onboarding and IBAN assignment
• Account management with payment card
• Secure top-up options (fiat and crypto)
• Internal transfers and withdrawals
• Easy crypto buying, selling, and trading
• Payment functionality for both fiat and crypto
• Real-time account balance and transaction history
• Secure contact management
• Referral rewards program
• Multiple wallets for segregated currency storage
• Option for additional IBAN's

Unwavering Security: Evolt prioritized user safety by:

• Implementing strict AML (Anti-Money Laundering) compliance measures
• Employing a rigorous user verification process (including video calls)
• Providing multi-factor authentication (OTP)
• Offering secure password and username management controls
• Enabling users to set transaction and withdrawal limits

Simplified Financial Processes: Evolt streamlined various financial activities:

Deposits: Users can easily top-up using SEPA, credit cards, internal transfers, or external crypto wallets.

Payments: Both fiat and crypto payments are facilitated through physical cards for traditional purchases, as well as QR code scans for GoCrypto partner stores.

Transfers: Internal transfers are simplified with user-specific QR codes or usernames.

Exchanges: Users can instantly exchange fiat for crypto and vice versa directly within the app.

Results

The app empowers users with a centralized hub for all their financial needs. They can manage fiat and crypto seamlessly, enjoy convenient in-store purchases, and benefit from a transparent and secure environment. This innovative solution has positioned the client as a leader in the evolving financial landscape, attracting new customers and propelling them towards future growth.

Key Takeaway

Market Differentiation: A genuinely unique banking app that caters to the growing demand for crypto integration.

Enhanced User Experience: Streamlined financial processes and intuitive functionalities for a user-friendly experience.

Operational Efficiency: Improved execution of financial processes, allowing for a focus on growth initiatives.