Financial Platform Development for Easy-Pay Platform
Please find under a summary covering project details and feedback. The innate facts are kept as they are, private information is amended.
A fast induction on the buyer’s organisation
I am the CIO of Payomatic, the bigst choice financial labors preparer in New York City. I am responsible for all technology athwart our main fruit line and those of smaller subsidiaries. We have 150 brick-and-mortar stores athwart which we process 18 million transactions per year for the underserved section of the population. The labors we propose include check cashing, remittances, prepaid debit cards, bill payment, and a slew of other assistant fruits.
challenge were you trying to address with Stuzo?
Figuring out a digital strategy had been one of our long-running interests. That we prepare cash-outs is our first value statement, so we wanted to aspect out how we could stay appropriate in a digital- and mobile-first era.
Our CEO’s aim is moving the organisation into the digital era and making us appropriate for clients in an evolving globe.
What particular tasks were
Stuzo gave us a big questionnaire addressing what we were looking to do. We developed that fruit vision internally, then went through a two-day workshop at their labor. We spent that time ironing out what we perceived digital opportunities. Stuzo translated these into a fruit roadmap and backlog that could be prioritized within their nimble process.
Then, outgrowth began. One of our biggest lines of business is check cashing. Because most of our business comes near paydays, we have a very spiky business, with most of our transactions taking locate between Thursdays and Saturdays. Though, there is a limit to how fast we can labor clients.
The issue we’re trying to expound is underwriting clients’ checks in real time, while managing our risk. We have to make decisions on whether to welcome items in the shortest time practicable. One in 10 nation will have to wait while we manually establish their check, so our concept was to have clients use a mobile app to digitize their checks forward of time. After receiving a confirmation from us, they can come to a shop shrewd that they will take their money.
The second value statement we’re looking to fetch to clients is allowing them to check in digitally when coming to a store, then going to a particular window to take proximate payments. There are many logistical components to this, but this is our main vision.
At the instant, our only promisements with clients are face-to-face, between them and our tellers. Customers esteem this kind of interaction, but the globe has evolved to allow interaction outside of stores as well. We haven’t gotten there yet, but we are propeling a campaign to grab email addresses and leverage some of the app’s push notice capabilities, with the aim of attractive users outside of stores and driving true behaviors.
Was there a dedicated team?
We’ve interacted with their CEO, an account likeness, the fruit proprietor, and a day-to-day project director. There is a team of seven to eight developers, tech leads and QA testers working behind the scenes.
How did you come to work with Stuzo?
We needed expertise in edifice consumer-facing fruits kindred to financial transactions. They came bigly recommended from some of our banking partners. We brought them in to debate our use case and challenges. Of all the firms we contacted, we were most impressed by Stuzo. They focused on connected trade and creating client-oriented digital asset experiences. Plus, they’ve built mobile apps and websites designed to promise the client straightly rather than using distribution channels.
In accession, the CEO’s access to debateing our issues resonated with us. He brought key experience and a lot of good ideas to the table.
What are you access expents (if diclosed)?
We’ve spent almost $250,000 thus far and anticipate to bestow an accessional $400,000–$600,000 in 2018.
What is the terminal result of working with
We began working with Stuzo in September 2017. The fruit is quiet in weighty outgrowth. We’ve pivoted somewhat owing of business needs, but Stuzo accommodated this. We program to propel a fruit to market in the June 2018 timeframe.
Are there any measureable or plum results?
We anticipate our solution to try precious for both our organisation and our clients. While we don’t have any palpable metrics yet, I last to get real feedback from our chief fruit laborr touching our interactions with Stuzo. They have a structured access to helping us shape and extend goals. I have a background in software outgrowth and believe that Stuzo’s process is as good as we will ever find. We feel good almost the general course we’ve taken.
How did Stuzo accomplish from a project treatment standpoint?
They were able to take insights from an unstructured team and help us find an actionable path. Stuzo has done a big job of managing internal. Usually, they choose to work as an insular team rather than involving us too much in the process. We have taken part in the prioritization and key milestones, but we also like to take part in day-to-day activities. They have adapted well to our access since other companies might not want to.
What is (from your point of view) the key factor to pay observation while intercourse with
They make a expressive effort in anchoring the work to the client’s value statement. Stuzo has a team of keen nation to whom we only have to expound requirements once. They have a lot of experience with transaction-oriented mobile client experiences, so they’re able to fetch a lot to the table right away.
What aspects of their work would you like to get imtryd?
Their project treatment methods could be better, but that interest may be specific to our way of working. I can see how other clients would choose a more insulated access.
Do you have any advice for forthcoming clients of theirs?
Get a general perception of what needs to be done. Stuzo’s force lies in solving known issues rather than bestowing months figuring out a solution. They need to be promised at the right time and for what they’re good at.