When smartphones were first introduced about a decade ago, no one could have possibly imagined how significantly it would impact the lives of it’s consumers. While the device in itself was remarkable in it’s looks and features, it was the ease of use and wide variety of apps that caught the imagination of millions. The possibility of things you could do with your smartphone were practically endless.
It was this evolving set of customer expectations that led to the first banks and financial institutions to start testing the waters in terms of offering their services over mobile devices. Within a space of just a couple of years, digital banking use cases have moved from simply checking and updating one’s account info online to be able to perform digital payments and online trading, offer e-marketplace like services to opening a bank account directly without ever having to step into a physical branch.
The evolution of business practices for customers operating and interacting with digital services to perform traditional banking or financial transactions have meant that the app-ification of traditional services are happening faster and more rapidly than ever before. Businesses need to push more services on to this digital arena as customer expectations keep evolving and changing.
Evolution of Mobile Application Development:-
In the early days of mobile app development, this meant a team of developers working together with the business to discuss and decide upon various use cases and then following a traditional waterfall-type software development lifecycle wherein designing, coding, testing and release would follow. What this meant is a significant lapse of time from when the requirement/customer need was felt to when the feature was actually provided. Typically, the timeline from ideation to the launch of a fully serviceable enterprise mobile application would be anywhere near 6-8 months to 1 year. This kind of traditional development lifecycle is simply not acceptable in today’s rapidly evolving business landscape. Hence, the evolution and creation of a Rapid Application Development Platform (RADP).
What is a RADP?
RADP is a low-code or no-code platform wherein mobile and web applications can be developed and deployed through minimal to no code involvement. This is a tool to empower business users to directly develop their own applications without the need to learn complex coding and programming languages yet create beautiful applications that provide the customers with the business features they are looking for. RADP combines all the separate modes of application development such as UI/UX design, application coding and integrations on to a single easy-to-use platform.
What does it help you achieve?
What did WE do about this?
Our experience of working in the enterprise mobility space in the past decade has given us some critical insights into the kind of digital applications that enterprises are looking for. With that in mind, we created our own Application Development Platform – DataOn + Platware. This integrated platform provides ready-to-use beautiful UI/UX templates for mobile or web applications – forms that can be readily configured without any underlying code changes. For eg., you can add any subpage or fields on your application page without any coding. Changes in any form is automatically updated in the application as soon as it syncs with the server. Say goodbye to downtimes and APK updates!!
With DataON + Platware, we provide something transformative in mobile application development – an integrated solution where the application and it’s underlying API integrations are available on the same platform. Platware is the resident API manager on this platform. It interacts with the front end client via microservices and orchestrates the backend responses with your core services. Instead of sending numerous responses to your core systems to fulfil one single transaction, Platware is able to return one single microservice response thus reducing wastage and enabling your system to perform and do more. Think of it as a service manager which goes truly well and beyond traditional ESB services as well as API management. It allows for monitoring, reporting and debugging of all your API needs. For eg., you might want to check the usage for a particular API or find out which of your customers is using a service more or less. This can help you monetize your APIs better. You might even want to fine tune your API to improve service offerings. You can make changes to you core backend databases without it affecting your end user experience. All of your API usage, monitoring and other health metrics are also available through a dashboard tool available to you. It can take care of your audit logs as well, which is very useful to a bank. Built on an ELK stack, it gives you real-time server and machine monitoring with easy to use and comprehensible visualizations to provide you a real-time dashboard for reporting and monitoring as well. No more long nights trying to figure out where things went wrong!!
With robust security features built into the platform by encrypting all your data through RSA + AES encryption, it manages the overall flow of information between an external system and the bank’s core service while managing the desired level of abstraction between the two. Banks thus have the twin benefits of knowing it’s data is secure as well as be able to interact with external services and leverage their value.
RADP is the natural evolution of the software development lifecycle from a traditional waterfall approach to an agile DevOps based approach where the paradigm leans towards continuous development, integration, testing, deployment and delivery – key word here being continuous. We are working everyday to make our platform better and more robust and evolving it to take care of all your business needs.
We would love to hear from you about how you are approaching your challenges today and what are the critical areas you focus on when it comes to your enterprise solutions. Just drop us a line or get in touch!!