{"id":3578,"date":"2020-11-26T11:30:57","date_gmt":"2020-11-26T09:30:57","guid":{"rendered":"https:\/\/www.roweb.ro\/blog\/?p=3578"},"modified":"2023-03-29T16:07:42","modified_gmt":"2023-03-29T13:07:42","slug":"5-fintech-examples","status":"publish","type":"post","link":"https:\/\/www.roweb.ro\/blog\/5-fintech-examples\/","title":{"rendered":"<b>5 Fintech Examples <\/b> that Show the Real Impact  of Digitalization in Financial Services"},"content":{"rendered":"\n<div class=\"suits\">\n    <p>There are plenty of fintech examples that can inspire you for your next digital project. Since digitalization in\n        financial services became a must-have for every business that intends to keep its relevance on the market,\n        developing a fintech solution is more and more about synchronization and compatibility.\n    <\/p>\n    <p>So, the purpose of this article is to inspire you for the development of your next digital project by exposing 5\n        examples of fintech solutions.\n    <\/p>\n    <p>&nbsp;<\/p>\n    <h2 class=\"header-with-badget\">\n        Example #1: Invoice Management Software for Simplifying Process\n    <\/h2>\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"770\" height=\"582\" src=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img1.png\" alt=\"5 Fintech Examples that Show the Real Impact of Digitalization in Financial Services \" class=\"wp-image-3559 simple-no-border\" srcset=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img1.png 770w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img1-300x227.png 300w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img1-624x472.png 624w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n    <p>Repetitive\/time-consuming tasks and difficult tracking of financial documents have become a long-forgotten story\n        once <a href=\"\/invoicer-invoice-management-software.html\" target=\"_blank\" rel=\"noopener noreferrer\">Invoicer was created<\/a> &#8211; a\n        tailor-made invoice management software.<\/p>\n    <p style=\"font-size: 24px; font-weight: 400; color: #646161;\">HOW PROCESSES WORKED BEFORE INVOICER:<\/p>\n    <p>Before implementing Invoicer, the financial department of Roweb had to deal with significant complexity in\n        tracking and managing payments, receipts, payment systems of salaries and bonuses, etc.<\/p>\n    <p style=\"font-size: 24px; font-weight: 400; color: #646161;\">THE IMPACT OF INVOICER IMPLEMENTATION:<\/p>\n    <p>Once this invoice management software was developed and implemented, the financial department had access to:<\/p>\n    <ul class=\"blue-checkbox\">\n        <li>flexible tools for data management and export; <\/li>\n        <li>smart data displaying (listing, filtering, charts) for a faster and better overview;<\/li>\n        <li>automated processes for eliminating redundant and time-consuming activities (e.g., transforming the proforms\n            into invoices, exchange rate listing, management, etc.)\n        <\/li>\n    <\/ul>\n    <a href=\"\/invoicer-invoice-management-software.html\" target=\"_blank\" class=\"blue-button\" rel=\"noopener noreferrer\" style=\"margin-top: 15px; font-size: 11px;\n    line-height: 13px; margin-bottom: 50px; width:auto;\">READ MORE ABOUT THIS PROJECT<\/a>\n    <p>&nbsp;<\/p>\n    <h2 class=\"header-with-badget\">\n        Example #2: Multi-Party Web App for Financial Guarantees\n    <\/h2>\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"770\" height=\"477\" src=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img3.png\" alt=\"5 Fintech Examples that Show the Real Impact  of Digitalization in Financial Services \" class=\"wp-image-3560 simple-no-border\" srcset=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img3.png 770w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img3-300x186.png 300w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img3-624x387.png 624w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n    <p>By bringing multiple entities on the same page (literally), FGCR accomplished to help entrepreneurs obtain funds\n        faster and easier.<\/p>\n\n    <p style=\"font-size: 24px;  font-weight: 400; color: #646161;\">WHAT WAS THE CHALLENGE BEFORE THE WEB-APP:\n    <\/p>\n    <p>Initially, the process of collecting\/storing\/synchronizing the transmitted data and documents was difficult and\n        time-consuming. Updates and data processing were mostly done manually, while documents were transmitted using\n        traditional digital tools (for example, e-mail) &#8211; which led to delays and difficult trackings along the process.\n    <\/p>\n\n    <p style=\"font-size: 24px;  font-weight: 400; color: #646161;\">THE IMPACT OF THE WEB-APP IMPLEMENTATION:\n    <\/p>\n    <p>We <a href=\"\/fgcr-credit-granting-software.html\" target=\"_blank\" rel=\"noopener noreferrer\">created for FGCR a web app<\/a> that integrates a\n        suite of features and functionalities that are aimed to solve the main challenges:\n    <\/p>\n    <ul class=\"blue-checkbox\">\n        <li>\n            Profiles registration and creation;\n        <\/li>\n        <li>Collecting data from financial institutions and banks;\n        <\/li>\n        <li>Registration of warranty claims\/changes for existing requests;\n        <\/li>\n        <li>Listing, filtering, exporting recorded data for each client;\n        <\/li>\n        <li>Financial data analysis and validation;\n        <\/li>\n        <li>Request for modification of invalid data;\n        <\/li>\n        <li>Data standardization and synchronization;\n        <\/li>\n        <li>Customize the upload settings;\n        <\/li>\n        <li>View request history: validation statuses, modified values;\n        <\/li>\n        <li>Re \/ Assigning the request to a manager.\n        <\/li>\n    <\/ul>\n\n    <a href=\"\/fgcr-credit-granting-software.html\" target=\"_blank\" class=\"blue-button\" rel=\"noopener noreferrer\" style=\"margin-top: 15px; font-size: 11px;\n    line-height: 13px; margin-bottom: 50px; width:auto;\">READ MORE ABOUT THIS PROJECT<\/a>\n    <p>&nbsp;<\/p>\n    <h2 class=\"header-with-badget\">\n        Example #3: Shared Web-Based App for Online Loans\n    <\/h2>\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"770\" height=\"499\" src=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/12\/bank.png\" alt=\"5 Fintech Examples that Show the Real Impact of Digitalization in Financial Services\" class=\"wp-image-3618 simple-no-border\" srcset=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/12\/bank.png 770w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/12\/bank-300x194.png 300w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/12\/bank-624x404.png 624w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n    <p>Simplifying the process of granting loans was made possible by developing a shared web-based solution that can\n        include several participants in the process at the same time (Partners, Borrowers, and Loans).\n    <\/p>\n    <p style=\"font-size: 24px;  font-weight: 400; color: #646161;\">WHAT WAS THE CHALLENGE BEFORE THE SHARED WEB-BASED APP\n    <\/p>\n    <p>The bank works with a network of partners who prepare the loan application on behalf of the SME.\n    <\/p>\n    <p>Initially, the process was based on using various apps and platforms &#8211; with poor synchronizations between them.\n        This lack of unified systems generated a high risk of errors and delays during the process.\n    <\/p>\n    <p style=\"font-size: 24px;  font-weight: 400; color: #646161;\">THE IMPACT OF THE SHARED WEB-APP:\n    <\/p>\n    <p>The web-based application is designed to manage Partners, Borrowers, and Loans by offering a unified, intuitive,\n        and dynamic digital environment with multilevel benefits:\n    <\/p>\n    <ul class=\"blue-checkbox\">\n        <li><b>Security<\/b> &#8211; high-security level respecting current industry best practices to protect customer\n            information and deter unauthorized access.\n        <\/li>\n        <li><b>Scalability<\/b> &#8211; the solution is based on an architectural design capable of future scaling to any\n            servers running the application tier.\n        <\/li>\n        <li><b>Availability<\/b> &#8211; the system requires guaranteed &#8220;four nines&#8221; availability.\n        <\/li>\n        <li><b>Performance<\/b> &#8211; the system requires performance levels sufficient for smooth operation under the\n            projected storage and traffic workload. The app integrates several performance features, like:\n        <\/li>\n        <ul class=\"blue-circle\">\n            <li><b>loan tracking<\/b> &#8211; both the client and the bank can track the loan stages;\n            <\/li>\n            <li><b>extended requests<\/b>&#8211; by adding new information\/document to the initial loan request, based on its\n                stage;<\/li>\n            <li><b>loan approval <\/b> &#8211; automated\/manual approval process according to the loan\u2019s stage. <\/li>\n        <\/ul>\n        <li><b>Authentication<\/b> &#8211; access is strictly limited to authenticated users.\n        <\/li>\n        <li><b>Concurrency\/Transactions <\/b> &#8211; the ability to serve many users simultaneously.<\/li>\n        <li><b>Localization \u2013 Multi-Language<\/b> &#8211; the application is Multilanguage (English, Dutch, and German)\n        <\/li>\n    <\/ul>\n    <div class=\"blue-info image-pc\" style=\"width: 100%!important;\">\n        <div class=\"col-lg-10 col-md-12\">\n            <p class=\"white-block\"><b>EARLY ADOPTION OR CUSTOMIZED SOFTWARE SOLUTIONS?<\/b>\n            <\/p>\n            <p class=\"white-block\">Whatever your need is, we adapt fast to it and deliver you exactly the solution that\n                suits your interests best. <\/p>\n            <p>\n                <a class=\"contact-us\" href=\"\/contact\" target=\"_blank\" rel=\"noopener noreferrer\">\n                    GET IN TOUCH WITH US\n                <\/a>\n            <\/p>\n        <\/div>\n    <\/div>\n    <p>&nbsp;<\/p>\n    <h2 class=\"header-with-badget\">\n        Example #4: All-in-One Mobile App for Dynamic Banking\n    <\/h2>\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"770\" height=\"639\" src=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img2.png\" alt=\"5 Fintech Examples that Show the Real Impact  of Digitalization in Financial Services \" class=\"wp-image-3562 simple-no-border\" srcset=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img2.png 770w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img2-300x249.png 300w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/img2-624x518.png 624w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n    <p>By providing a wide range of banking services to answer clients\u2019 everyday needs through an all-in-one and secure\n        mobile app, CIM Bank gained their trust and loyalty.\n    <\/p>\n    <p style=\"font-size: 24px; font-weight: 400; color: #646161;\">WHAT WAS THE CHALLENGE BEFORE THE MOBILE APP\n    <\/p>\n    <p>Before launching the mobile app, customers had access to disparate resources &#8211; physical and digital. This was\n        also a disadvantage for the bank, as it was more difficult to increase interaction with its products and gain\n        customers\u2019 loyalty.\n    <\/p>\n    <p>In this context, CIM Bank needed a mobile app that is able to allow customers to:\n    <\/p>\n    <ul class=\"blue-checkbox\">\n        <li>securely log into their accounts. The client had an existing responsive website that the application would\n            load after login;\n        <\/li>\n        <li>use the device biometric features to bypass the existing 2-factor authentication;\n        <\/li>\n        <li>interact with the existing website and use the mobile device&#8217;s built-in security features to authorize\n            transactions;\n        <\/li>\n        <li>enrich the current website\u2019s functionality with extended capabilities like Invoice payment through QR or\n            document scanning.\n        <\/li>\n    <\/ul>\n    <p style=\"font-size: 24px; font-weight: 400; color: #646161;\">THE IMPACT OF THE ALL-IN-ONE MOBILE APP\n    <\/p>\n    <p>Once the all-in-one mobile banking app was launched, CIM Bank\u2019s customers started to have access to several\n        functionalities that punctually respond to their current needs:\n    <\/p>\n    <ul class=\"blue-checkbox\">\n        <li>transfers (using templates, creating new ones, preposted transfers, etc.);\n        <\/li>\n        <li>cash movements;\n        <\/li>\n        <li>cards (card recharge, manage owned cards, etc.);\n        <\/li>\n        <li>online trackings;\n        <\/li>\n        <li>message box (for notifications);\n        <\/li>\n        <li>portfolio (summary, analysis by currencies);\n        <\/li>\n        <li>announcements;\n        <\/li>\n        <li>market overview;\n        <\/li>\n        <li>my bank\n        <\/li>\n        <li>support &amp; FAQ.\n        <\/li>\n    <\/ul>\n    <p>&nbsp;<\/p>\n    <h2 class=\"header-with-badget\">\n        Example #5: Secure App for Tax Extension\n    <\/h2>\n<figure class=\"wp-block-image\"><img decoding=\"async\" loading=\"lazy\" width=\"770\" height=\"541\" src=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/fl.png\" alt=\"5 Fintech Examples that Show the Real Impact of Digitalization in Financial Services \" class=\"wp-image-3581 simple-no-border\" srcset=\"https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/fl.png 770w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/fl-300x211.png 300w, https:\/\/www.roweb.ro\/blog\/wp-content\/uploads\/2020\/11\/fl-624x438.png 624w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n    <p>By building a safe and secure interface between taxpayers and public institutions, <a href=\"https:\/\/www.filelater.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">FileLater<\/a> succeeds in facilitating the transfer and\n        approval of a high volume of tax extension requests.\n    <\/p>\n    <p style=\"font-size: 24px; font-weight: 400; color: #646161;\">WHAT WAS THE CHALLENGE BEFORE FILELATER\n    <\/p>\n    <p>Americans had struggled for years to meet the dreaded April 15 deadline for personal income taxes as well as the\n        March 15 deadline for most business income taxes.\n    <\/p>\n    <p>So, what they needed and expected was a solution that can quickly extend their tax deadlines without involving a\n        professional tax preparer.\n    <\/p>\n    <p style=\"font-size: 24px; font-weight: 400; color: #646161;\">THE IMPACT OF FILELATER\n    <\/p>\n    <p>Today, 98% of FileLater users that request tax return extensions get approval from the IRS.\n    <\/p>\n    <p>FileLater platform provides users with multilevel benefits:\n    <\/p>\n    <ul class=\"blue-checkbox\">\n        <li>can apply for both online personal and business tax extensions;\n        <\/li>\n        <li>can finish their IRS online tax extension in minutes;\n        <\/li>\n        <li>get a confirmation email with the status of their tax extension;\n        <\/li>\n        <li>can make their tax payment using direct debit from their checking or savings account;\n        <\/li>\n        <li>have access to flexible online support (online chat, email support, etc.)\n        <\/li>\n    <\/ul>\n<div class=\"blue-info image-pc\" style=\"width: 100%!important;\">\n        <div class=\"col-lg-12\">\n            <p class=\"white-block\"><b>Find out more about how we can help you with your projects development!<\/b>\n            <\/p>\n            <p>\n                <a class=\"contact-us\" href=\"\/financial-software-development.html\">\n                    DISCOVER OUR SERVICES\n                <\/a>\n            <\/p>\n        <\/div>\n    <\/div>\n    <p>&nbsp;<\/p>\n    <h2 class=\"header-with-badget\">\n       How to Start Developing Your FinTech Solution with Roweb\u2019s Teams?\n    <\/h2>\n<p>Starting a new project with us it\u2019s easy. <a href=\"https:\/\/www.roweb.ro\/estimation\" target=\"_blank\" rel=\"noopener noreferrer\">Fill the form<\/a> and send us relevant details about your software development\n    needs, and we\u2019ll get back to you as soon as possible with a project brief or even with a project proposal (if\n    the project requirements sent by you are complete).<\/p>\n<p>Until sending your project requests, there are some things you may want to know about us: <\/p>\n<\/div>\n\n\n\n<pre class=\"wp-block-code\"><code><\/code><\/pre>\n\n\n\n<p><strong>TECHNOLOGIES THAT WE USE:<\/strong><\/p>\n<div>\n    <img decoding=\"async\" class=\"logo\" src=\"\/images\/new_design\/blog\/articles\/logo\/dotnet.png\" alt=\".net icon\">\n    <img decoding=\"async\" class=\"logo\" src=\"\/images\/new_design\/blog\/articles\/logo\/php.png\" alt=\".php icon\">\n    <img decoding=\"async\" class=\"logo\" src=\"\/images\/new_design\/blog\/articles\/logo\/apple.png\" alt=\"apple icon\">\n    <img decoding=\"async\" class=\"logo\" src=\"\/images\/new_design\/blog\/articles\/logo\/android.png\" alt=\"android icon\">\n    <img decoding=\"async\" class=\"logo\" src=\"\/images\/new_design\/blog\/articles\/logo\/react.png\" alt=\"react icon\">\n    <img decoding=\"async\" class=\"logo\" src=\"\/images\/new_design\/blog\/articles\/logo\/java.png\" alt=\"java icon\">\n    <img decoding=\"async\" class=\"logo\" src=\"\/images\/new_design\/blog\/articles\/logo\/angular.png\" alt=\"angular icon\">\n    <img decoding=\"async\" class=\"logo\" src=\"\/images\/new_design\/blog\/articles\/logo\/node.png\" alt=\"node icon\">\n<\/div>\n<div class=\"row\">\n    <div class=\"col-sm-6 col-12\">\n        <p><strong>METHODOLOGIES<\/strong><\/p>\n        <ul class=\"blue-checkbox\">\n            <li>Agile<\/li>\n            <li>Scrum<\/li>\n            <li>Kanban<\/li>\n            <li>Waterfall<\/li>\n        <\/ul>\n    <\/div>\n    <div class=\"col-sm-6 col-12\">\n        <p><strong>ROLES WE PROVIDE<\/strong>\n        <\/p>\n        <ul class=\"blue-checkbox\">\n            <li>Project managers<\/li>\n            <li>Business analysts<\/li>\n            <li>Developers<\/li>\n            <li>Q&amp;A specialists<\/li>\n            <li>Scrum masters<\/li>\n            <li>UX Designers<\/li>\n        <\/ul>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>There are plenty of fintech examples that can inspire you for your next digital project. Since digitalization in financial services became a must-have for every business that intends to keep its relevance on the market, developing a fintech solution is more and more about synchronization and compatibility. So, the purpose of this article is to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[174],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/posts\/3578"}],"collection":[{"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/comments?post=3578"}],"version-history":[{"count":20,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/posts\/3578\/revisions"}],"predecessor-version":[{"id":7866,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/posts\/3578\/revisions\/7866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/media\/3583"}],"wp:attachment":[{"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/media?parent=3578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/categories?post=3578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roweb.ro\/blog\/wp-json\/wp\/v2\/tags?post=3578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}