The first challenge was to ensure that the users are getting instant transactions across multiple countries and the banking systems. Whereas, designing a platform that is easy to use based on the demographics. Whereas, implementing bank-grade encryption and meeting the global financial compliance standards. Lastly, giving the users a real time access to their full transaction history without compromising on the quality of the money being transferred, because when someone is using such an application they opt for a steady and fast medium.
The Altras application implemented most recent technologies like, React.JS for frontend whereas, Node.JS for backend of the mobile app, PostgreSQL for the database, AWS for hosting with integrated cybersecurity tools.
They also implemented AES-256 encryption technique for ensuring security, and secure user authentication for the mobile app. Also, conducted usability testing for ensuring the mobile application meets the expectations of both the tech-savvy and noise users.
The overall impact was reduced transfer time from hours to minutes – instant transaction. Whereas, 98% of the user satisfaction makes the transactions easier, and faster. Moreover, with significant user retention like 75% of the users make the transfer faster, and easily without any offence. Lastly, zero reported fraud cases with post-launch are secured for the infrastructure
