At the BankTechShow 3.0, we shared a notable professional achievement with Csaba Jóri, who is the marketing and product development director at Trive Bank Europe.
Trive Bank and Online Business Technologies successfully developed three fully digital business solutions at fintech speed, completing the project in under 18 months:
- personal loans processed within 15 minutes 24/7,
- an online deposit feature,
- and a digital credit card application.
On average, each business line was implemented in less than 6 months.
We collaborated to achieve success: Trive's parent company's fintech development team created the digital sales software solution, while Online provided the digital banking, mid- and back-office software solutions that support processes such as the core banking system, payment system interface, general ledger, and regulatory reporting .
For quick implementation, we also integrated software solutions from other suppliers. For instance, the customer identification and due diligence system was supplied by Comnica.
What was the key to a quick and successful launch?
- Trive possessed clear business goals, innovative ideas, and a well-planned implementation 24/7, supported by a small, flexible, and motivated team that was ready to execute.
- Online provided proven, stable, audited banking frameworks and a business and development team experienced in banking, capable of implementing innovative concepts.
- Both companies maintained a close watch on the project scope and concentrated on what was most important.
Key lessons to learn:
Successful and swift IT projects rely on carefully chosen software solutions that blend proven and innovative technologies. However, the ultimate success depends on the collaboration between the customer and supplier teams involved.
You can find more details about the project in the article published on FinTechZone.
