SDK.finance is a Back-end-as-a-Service platform for FinTech companies enabling them to significantly speed up their launch time and reduce development costs

Country: Czech Republicsdk.finance
Year: 2015

Concept

  • SDK.finance (Software Development Kit) is a pre-fabricated module-based software providing back-end technology that enables FinTech companies to operate digital services
  • SDK.finance provides the following solutions to assist firms in launching their own digital solutions:
    • Payment system
    • Payment processing
    • E-wallet
    • P2P money transfer
    • Card to card payments
    • Currency exchange
    • Gift and prepaid card
      • Loyalty program
    • Solution for e-commerce
  • Timeline for product development if using SDK.finance’s solution:
    • 30 days for pre-designed FinTech solution: only front-end solutions (UI/UX design) are needed and no additional product development

timeline1

  • 18 weeks for custom-made FinTech solution: both product development based on user’s demand and UI/UX design are needed

timeline2

  • Multi-tiered technical support are provided by SDK.finance. Key components include software updating for SDK.finance application, servers infrastructure, scripts and macros, bugs fixing, improvement of developed functionality, and security alerts and critical patch updates.
  • Training and education are provided for the internal development teams on how to develop FinTech products on SDK.finance platform
  • SDK.finance also provides high-level business consulting and IT/security audit for finance-oriented products. For example, SDK.finance provides IT audit that includes the procedures such as information technology architecture, servers and network infrastructure, source code audit (Java/PHP), DB architecture, audit of information security model, internal/external penetration tests, disaster tests (DDoS, performance capacity), SDLC-audit (Software Development Life Cycle), PCI DSS compliance review, personnel audit (staff qualification) and so on.

Consumer Benefits

  • Time-saving: SDK.finance could help gain dramatic time savings up to 90%, solving the problems of uncertainty around FinTech products’ launch time
  • Money-saving: SDK.finance could help save money up to 10 times, solving the problems of high capital expense requirements
  • High-quality: SDK.finance has implemented high quality testing procedures – automated testing code coverage of SDK.finance solution is 60% – to make sure all operations are stable and executed
  • Customizable: SDK.finance provides bespoke products that can be combined or connected with other systems (internal or external), such as integration with 3rd parties, adding new features, periodic updates
  • Secure: SDK.finance has implemented high-level requirements for source code security practice including:
    • Lapse+
    • External penetration tests
    • Application firewalls
    • VPN for cross-severs communications
    • SSL for data encryption of network sessions for public services
    • JUnit tests for source code quality verification
    • Database encryption mechanism

How it works

  • The solution is offered as a Software as a Service (SaaS) product, with customers paying a subscription fee to use the underlying back-end infrastructure which connects with their front-end product and database.
  • Firms can save three to six months of their development time through this model.

Illustration

SDK-finance_Scheme2