Innovative Solution For Embedded Finance With Third Party API Integration
Introduction
MMOB, a thriving scale-up innovator, recognised the challenges faced by businesses aiming to provide seamless user experiences through embedded finance. With a focus on creating value-driven ecosystems for digital service providers and fintech companies, MMOB sought to simplify the integration of financial solutions into distribution channels and meet the evolving demands of consumers for innovative and value-added financial products.
Industry
FintechServices
Mobile App Development
Statistics
$6 Million
Funding after the launch of MMOB's first product version.
Stakeholder Engagement
Including digital service providers, fintech , lending enterprises, broadband service providers, insurance firms and many more.
Accelerated Time-to-Market
Added value through partnerships, a competitive edge in the financial sector, streamlined integration, and enhanced consumer financial well-being.
Ficode's expertise in handling our vast technology stack and facilitating collaboration with our development teams played a crucial role in bringing our embedded finance solution to life.
MMOB CEO
Project Description
MMOB identified that businesses were struggling to meet consumer demands for innovative financial products and services. Teaming up with Ficode, MMOB embarked on a mission to connect a global network of digital service providers and fintech companies through a self-service tool. This tool allowed service providers to create user pathways seamlessly, enhancing distribution channels for both existing and new partners.
The Result
MMOB's solution involved a collaborative effort with Ficode to manage a vast technology stack, ensuring the seamless integration of APIs into distribution channels. The well-documented APIs, scalable and serverless architecture, and user-friendly front-end using React.js and Next.js provided an innovative and value-driven solution. The successful implementation addressed challenges such as coordinating with development teams, integrating third party APIs, ensuring API availability, and maintaining well-documented APIs.
Features List
No-code tool for creating user pathways 
Seamless integration into distribution channels 
End-to-end solutions for acquiring new customers 
Comprehensive API documentation 
Scalable and serverless architecture 
Real-time event management with AWS Kinesis 
User-friendly frontend using React.js and Next.js 
Data storage and management with MySQL 
Secure authentication using AWS Cognito 
Version control and collaboration on GitHub Benefits to Business
After building MMOB's first product version - a universal adapter for business APIs, Ficode's partnership helped them secure a $6 million funding. The approach offered several other benefits to businesses, including accelerated time-to-market, added value through partnerships, a competitive edge in the financial sector, streamlined integration, and enhanced consumer financial well-being.
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Learn more about our strategy, lessons learned and best practices.