Scope of Work:
Banking Functionalities:
Account Management: Allow users to check balances, deposit funds through various methods (both pull and push), and send money domestically and internationally via ACH and wire transfers.
Spending Options: Offer both virtual and physical debit cards, with physical cards providing ATM access.
Product Design:
Mobile-First Approach: The banking features are designed for mobile use, with no web application version planned initially.
User Experience: Redesign the app’s information architecture to support new banking functionalities alongside existing services, ensuring intuitive navigation and access.
Account Creation and Security:
Secure Login and KYC: Utilize existing login mechanisms and integrate robust KYC processes using third-party services like Onfido for user verification.
Enhanced Security Features: Implement comprehensive security measures, including biometric login and detailed profile management options.
Technical Implementation:
Integration with Banking Partners: Collaborate with Evolve Bank and Solidfi to enable banking services, ensuring flexibility and quick adaptability within the financial ecosystem.
Support for Multiple Financial Operations: Ensure the app accommodates a variety of financial activities, from basic account management to complex transactions.
