East Coast Bank, a prominent community bank based in Virginia, aimed to expand into the global fintech sector through a new division dedicated to offering customized banking solutions and compliance oversight for the payments industry. As the fintech landscape rapidly evolves, the bank sought to enhance its service offerings on a national scale.
The Challenge
- Urgent need to develop a fintech solution to manage expanding services effectively
- Long app development timelines due to stringent regulatory requirements
- Need for a solution that meets customer demands swiftly while ensuring compliance
- Challenge of combating fraud in a fast-paced fintech environment
The Solution
- Delivered a tailored application solution utilizing advanced cloud technologies
- Implemented a sophisticated data analytics platform for actionable insights
- Used serverless computing for enhanced automation and efficiency
- Adopted containerization for scalability and robust security measures to ensure regulatory compliance
the Outcomes
- Reduced transaction costs and provided a scalable, reliable payment processing platform
- East Coast Bank's platform reduces app-to-market time from 3-5 months to 30-60 days
“The new division positioned East Coast Bank to transition from a regional player to a global force in the digital finance space, effectively meeting its expansion goals and securing a competitive edge in the fintech industry.”
- Wayne Keiser
Senior Delivery Consultant, Project Manager
Technologies and Partners
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