Our client SoShop, a digital banking platform, wanted to offer all the features you would expect from a bank, such as debit cards, statements, and account management.
Users have to complete an extensive checklist before they can use their cards. We sped up the process by integrating a number of specialist BaaS applications, such as Jumio, Trezor, and PFS, for identity verification, AML & KYC compliance and card issuance. Once user onboarding is completed, a SoShop debit card is shipped to the user and activated.
The mobile app includes several features that help users manage their SoShop debit cards in a secure manner: reporting lost or stolen cards, freezing card usage, adding a virtual card or renaming a card.
The Banking-as-a-Software solutions we integrated with the SoShop platform allows the tracking of every transaction which can then be displayed in a statement to the user.
In addition to top-up vouchers, customers can also fund a SoShop debit card via bank transfers (each account has a RIB or IBAN number) or do an instantaneous free transfer from another SoShop card.
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