Innovative Solution For Embedded Finance With Third Party API Integration
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.
Funding after the launch of MMOB's first product version.
Including digital service providers, fintech , lending enterprises, broadband service providers, insurance firms and many more.
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 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.
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.
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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