Smart Investment Solutions Platform

Unlocked complete digital potential with feature rich mobile application

Services

App Development

Industry

Financial Services

Location

Indonesia

Employees

201-500 Employees

About Siminvest

SimInvest is an all-inclusive financial application that caters to its users’ financial journey, regardless of the background of their profile. The stock and mutual funds platform allows users to simulate investments in the stock market allowing them to create a virtual portfolio and track the performance of their investments, using real-time market data. Siminvest is designed to provide users with a risk-free way to invest and deliver all related investment solutions to Gen Z as well as the millennials making everyone a #SMARTInvestor.

Mutual fund app development | Binmile | Siminvest

Building a Feature-Rich Mobile Trading Platform

Building a Feature-Rich Mobile Trading Platform

Siminvest was looking to develop a trading platform for stock and mutual funds that enabled seamless transactions of the stocks based on the dynamic market rate. The client approached binmile for full stack mobile application development along with DevOps implementation, and quality assurance. Additionally, the client requested for various functionalities to be added and enhance the overall user experience of the application. The mobile application was designed to offer an array of features, such as KYC integration, biometrics login, touch ID enablement, portfolio maintenance, and gamification, among others. Additionally, the app was also integrated with WhatsApp login and OTP authentication, making it easy for users to access their accounts. With Binmile’s expertise, Siminvest successfully developed and launched a user-friendly and feature-rich mobile trading platform that met the demands of the dynamic stock market.

Revolutionizing the Trading Experience: Binmile's Feature-Packed Application

The company aimed to provide its users with a seamless and hassle-free experience of buying and selling stocks at dynamic market rates. With the help of Binmile’s team of developers, Siminvest was able to develop a super application that made trading, and investment easy for millennials. The easy sign up and KYC verification functionality ensured the authenticity of the users. Being a financial application, the app’s database stored extensive amounts of sensitive user data that had to be protected from malicious activities and data breach. Our team enabled the biometric login feature along with touch ID functionality to provide an additional layer of security and protect user information effectively.

The application developed was targeted for the millennials and Gen Z. That being said it was essential to ensure the application was easy to use and kept its users hooked at all times along with providing the necessary information needed for the young investors to make an informed decision. Our team ensured basic functionalities like real-time market rates and stock price display on the homepage. Users could easily buy or sell stocks with just a few clicks, and the app’s fast order feature enabled quick transactions. The stock detail page provided users with a comprehensive overview of the stock’s performance, including charts and other relevant data. Users could add stocks to their watchlist and receive notifications for price changes in real time.

To ensure enhanced user engagement, our team added gamification elements within the application and incentivized trading activities. The idea was to provide the users with Starpoints and Saldo RDN, which could be redeemed for rewards and discounts. The app enabled users to participate in events and earn rewards. The platform’s live-status checking feature ensured that only one device was being used per account, enhancing security and preventing fraudulent activities.

How we helped a leading investment company build and launch a state-of-the-art application

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Agile Development: Streamlining Development Process for Faster, Better, and Collaborative Results

Initially, the development process at Siminvest was slow, and several bottlenecks were faced. However, our team adopted a two-week sprint-based approach, where we did a sprint run to identify and address the bottlenecks in the development process and make continuous improvements.

By adopting an Agile methodology, we improved the development speed significantly. This was achieved by breaking down the development process into smaller sprints, which allowed us to work more efficiently and prioritize the most critical features of the app. The methodology also helped us maintain high communication and collaboration with the client, ensuring that their requirements were met effectively and efficiently.

To ensure that Siminvest was delivered with speed, quality, and stability, Binmile adopted DORA Metrics as part of our development process. This allowed us to monitor and measure the performance of our software development lifecycle and identify areas for improvement. By following industry best practices, we were able to optimize our development process, reduce errors, and enhance the overall quality of our code.

DORA Metrics helped us identify key performance indicators (KPIs) such as lead time, deployment frequency, mean time to restore, and change failure rate, which we used to measure our performance against industry benchmarks. By focusing on these metrics, we were able to improve our speed, quality, and stability, leading to a successful delivery of the Siminvest application.

Performing System Integration Testing | Binmile | SimInvest

Overcoming Challenges: Binmile's Solutions for Mobile Trading Platform

During the development of Siminvest’s mobile trading platform, Binmile faced a significant challenge due to the language barrier. The Siminvest team spoke in Indonesian which made communication and collaboration difficult, and it was important to find a solution to ensure the success of the project.

To address this challenge, Binmile hired a team of developers and QA engineers who could work on-site at Siminvest’s office. This enabled better communication and collaboration, as the Binmile team could work closely with the Siminvest team and ensure that all requirements and feedback were properly understood.

Additionally, Siminvest used Alicloud for their cloud services because Indonesian regulations require companies to store their data within the country’s boundaries. Post the opening of Google’s data center in Indonesia, Siminvest decided to migrate their data from Alicloud to GCP. This process posed a significant challenge as the movement of data from one cloud service to another can be complex and time-consuming. The data migration required careful planning, coordination, and execution to ensure seamless movement without data loss or disruption to the platform’s functionality.
Binmile played a crucial role in executing the migration seamlessly. The team worked closely with Siminvest to understand their requirements and ensure that all the databases were transferred securely and efficiently. Binmile’s expertise and experience in cloud services ensured a smooth transition for Siminvest.