Building a Modern Bank
Cross-border, multi-currency, high volume, secure, fast, marketplace driven, simple.
Integrating the application with numerous banks and liquidity providers.
Providing users with quick, easy and ubiquitous access to foreign currency transfers.
Making secure and seamless international payments online.
Businesses seeking FX liquidity whilst remitting money to their partners/ vendors in foreign currency.
When sending money across continents there are numerous factors to consider. From exchange controls in domestic and foreign countries to constantly varying exchange rates. These challenges are further accentuated for businesses in frontier markets owing to foreign exchange illiquidity, limited access to competitive rates and an inability to move funds quickly and securely. Operational bottlenecks such as compliance challenges in developing countries and slow internet speeds in developing countries were also challenges the Locusnine team had to consider.
Value Proposition Design
Market Analysis, Interviews
Competitor Study, Scenarios, User Journey
Product Features, High Fidelity, Beta Testing
Secure, Automated Deployments,
Scalable Infrastructure, Plug ‘n Play with different API providers
Increase in Value of Transactions
Increase in User Registrations
Increase in Orders Placed
We collated, structured and perused various inputs we gathered from our needfinding sessions with founders, end users and middlemen to understand the breadth and depth of the project.
We followed an agile approach where we quickly built out a product that accomplished users goals and covered the requirements as per the stakeholders.
Once the product was built out we started beta testing on it to collect pain points and understand crucial touch points along the user journey which hindered users from accomplishing their tasks.
After numerous iterations of the product, it was connected with more api providers to enable a greater and wider reach in more countries.
Being a startup, we have needed to move fast and rapidly evolve - the locusnine team has been with us all the way. They truly understand what a scaling startup needs and have always felt like partners in the product development process because they take ownership and deliver.
Anthony Oduwole, Co-founder - VertoFX Inc