Feb 05, 2024
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Advancements in Innovation within the U.S. Financial Market
Completed

Advancements in Innovation within the U.S. Financial Market

$100,000+
more 1 year
United States
10+
view project
Service categories
Service Lines
Software Development
Mobile Development
QA and Testing
Domain focus
Banking & Financial Services
Programming language
C#
Frameworks
Angular.js
.NET
React.js

Challenge

Sunwest Bank wanted to streamline, modernize and expedite various financial market processes, including opening new accounts and applying for loans. Luby has proven to be a valuable partner for Sunwest Bank, contributing not only to the enhancement of their portfolio but also to the seamless management of day-to-day operations. Presently, Luby oversees a portfolio of seven projects in collaboration with Sunwest Bank.

Solution

Financial Innovation Project: SNAP Project: Loans Project: Selfcare HSA Banking Evolution Project: Sunwest Bank Banking as a Service Project: Third Party Integrations CyberSafe Our cybersecurity solution ensures the security of our customers’ data and operations through integrations with key and recognized market players. CustomerX Luby performed UX and UI work on all products developed with Sunwest Bank. We were involved in the development of all of them from conception to prototyping, and our UX&UI team focused on ensuring a good experience and usability for the bank’s users.

Results

The results of this strategic partnership are impressive: A remarkable 40% increase in new customers on the Loans platform, highlighting a significant increase in user acquisition and market penetration. A significant increase of +1200 new accounts with SNAP, demonstrating the expansion of the user base and the growing relevance of the platform. A staggering improvement in efficiency, marked by an extraordinary 500% reduction in account opening time. This achievement not only improves the user experience, but also demonstrates the streamlined and accelerated processes implemented through the strategic collaboration. Taken together, these results underscore the success and positive impact of the partnership on multiple aspects of the business.