<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">How long does it take to make a cool banking app?<br /></span><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">To find out, we took Finextra statistics which says it takes up to a year to create a full-fledged mobile bank. And 5% of companies manage to do it in 3 months. We managed to get into these 5% and make a top banking application.<br /></span><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Of course, to create a first-class application, you need an experienced team, skillful management, modern design, and technical specification. However, we&rsquo;ll talk about the implicit factors that contribute to successful development.</span></p>
<h2 dir="ltr" style="line-height: 1.7999999999999998; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: -15pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Initial data</span></h2>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The basic version of the mobile bank with a minimum set of functions of unsatisfactory quality.</span></p>
<h2 dir="ltr" style="line-height: 1.7999999999999998; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: -15pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Task</span></h2>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Quickly rework the application, make it convenient and useful for bank customers, both individuals and legal entities. And as a result, get listed among the most popular mobile banks.</span></p>
<h2 dir="ltr" style="line-height: 1.7999999999999998; background-color: #ffffff; margin-top: 0pt; margin-bottom: 30pt; padding: -15pt 0pt 0pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Additional terms</span></h2>
<ol style="margin-top: 0; margin-bottom: 0; padding-inline-start: 48px;">
<li dir="ltr" style="list-style-type: decimal; font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt;" role="presentation"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The application framework is already there, so you need to quickly understand the existing code and redesign the architecture;</span></p>
</li>
<li dir="ltr" style="list-style-type: decimal; font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt;" role="presentation"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">We started work with three teams: one team worked on the design, the second team worked on the application, and the third one worked on the server part. The speed of development and integration of the application depended on the developers of the server;</span></p>
</li>
<li dir="ltr" style="list-style-type: decimal; font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 30pt;" role="presentation"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Coordinating 3 distributed teams under tight deadlines is the height of art. Work is going slower than it could.</span></p>
</li>
</ol>
<h2 dir="ltr" style="line-height: 1.7999999999999998; background-color: #ffffff; margin-top: 15pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Components of Successful Development</span></h2>
<h3 dir="ltr" style="line-height: 1.8857142857142857; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: -15pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Product owner</span></h3>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">In the company, this role may be called differently, but this person is fully responsible for the product. He knows every function, is always in touch, and is ready to answer any questions of any team member. He&rsquo;s distinguished by love for the product, relationships with the team, competent planning and the authority to make decisions regarding the product.</span></p>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">We also had a responsible person on our side. As a project manager, he carefully collected requirements, managed changes, knew the product to the last screw, and clearly saw the ultimate goal. Their close communication allowed all participants to work harmoniously.</span></p>
<h3 dir="ltr" style="line-height: 1.8857142857142857; background-color: #ffffff; margin-top: 0pt; margin-bottom: 30pt; padding: -15pt 0pt 0pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Well-coordinated team</span></h3>
<ul style="margin-top: 0; margin-bottom: 0; padding-inline-start: 48px;">
<li dir="ltr" style="list-style-type: disc; font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt;" role="presentation"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">A team of developers who have worked together more than once joined the project. Such a team works faster. Developers easily read each other's code, know each other's strengths and weaknesses, and distribute tasks accordingly. They don&rsquo;t need to spend time getting to know each other and adapting;</span></p>
</li>
<li dir="ltr" style="list-style-type: disc; font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt;" role="presentation"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">It&rsquo;s ideal when one team does the client and server parts. At first we did only the client part, and we had to wait for the server. When the deadlines ran out, we connected to the backend. From that moment on, it was easy to clarify information from colleagues and quickly integrate ready-made functionality;</span></p>
</li>
<li dir="ltr" style="list-style-type: disc; font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 30pt;" role="presentation"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Willingness of the client and development to expand the team, if it helps to speed up the development.</span></p>
</li>
</ul>
<h3 dir="ltr" style="line-height: 1.8857142857142857; background-color: #ffffff; margin-top: 15pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">iOS and Android together</span></h3>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">We have combined communication between Android and iOS developers. One of the age-old struggles to put aside is when you're making a great product for both platforms. Developers help each other. Errors that arose during the development of one version will not occur in another, or if one version overtakes another, then the one which is getting late will be caught up with the help of colleagues from another platform.</span></p>
<h3 dir="ltr" style="line-height: 1.8857142857142857; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: -15pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">TK in Google doc</span></h3>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">When the pace of work is high, and the requirements change several times a day, we took advantage of Google Docs. Maintaining tasks in systems like Jira or Youtrack are good when everything is planned, but in our conditions they were not convenient. The team saw the comments and new requirements for each screen in one document and immediately reacted to the changes.</span></p>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Later, after the release, we moved to YouTrack, but when we needed to do it quickly, we returned to the Google doc.</span></p>
<h3 dir="ltr" style="line-height: 1.8857142857142857; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: -15pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Video of new features</span></h3>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">When designing is done during development, not all UX details can be considered at once. Screenshots aren&rsquo;t always clear whether the user will be comfortable.</span></p>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">After adding a new feature, the team recorded a video of the screen with the changes and sent it to the usability specialist and product owner. They immediately made changes when needed.</span></p>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">There were cases when the inconvenience of the functions was not immediately visible, the broadcast of individual stages made it possible to immediately correct such moments, and not wait for a general demonstration.</span></p>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">For example, we added a search for organizations to the application through the dadata service. The application shows the reliability marks of organizations: green means reliable counterparty; yellow is for doubtful; red refers to the risks when working with a counterparty.</span></p>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">These components helped us finalize and release the application in 3 months. It&rsquo;s important to bring all the components of success together and build a single work process in order to get a decent result. According to the results of 2017, the mobile bank we created took the 4th place in the efficiency rating of mobile banks for small businesses.</span></p>
<p dir="ltr" style="line-height: 1.8666666666666667; background-color: #ffffff; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt 0pt 30pt 0pt;"><span style="font-size: 12pt; font-family: Arial; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">We continue to improve the application so that it brings even more value to our partners and their customers. </span><span style="font-family: Arial; font-size: 12pt;">Wondering how to switch from Finance to FinTech? Get in touch with us today to take advantage of high-powered&nbsp;<a href="https://agilie.com/en/blog/digital-wallets-types-ideas-and-future-of-such-products"> FinTech technologies </a>for your financial business!</span></p>
<p><span style="font-size: 10pt; font-family: Arial;" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Wondering how to switch from Finance to FinTech? Get in touch with us today to take advantage of high-powered FinTech technologies for your financial business!\n\n\n&quot;}" data-sheets-userformat="{&quot;2&quot;:513,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0}"><br /><br /></span></p>
<p>&nbsp;</p>

How long does it take to make a cool banking app? To find out, we took Finextra statistics which says it takes up to a year to create a full-fledged mobile bank. And 5% of companies manage to do it in 3 months. We managed to get into these 5% and make a top banking application. Of course, to create a first-class application, you need an experienced team, skillful management, modern design, and technical specification. However, we’ll talk about the implicit factors that contribute to successful development.

How to create a top banking application: 5 components of success