Wearable App Development For Fintech Company
Scalable and secure e-payment app for wearable devices
Challenge For Create Payment Application
To expand the product, the client introduced a new line of contactless payment wearable devices. In this regard, the implementation of mobile application services was required. The client turned to Silk Data with the need to develop a secure and high-performing e-payment application that would allow effortless monitoring and management of money transfers made through wearable contactless payment devices(bracelets, rings, watches, etc.)
About the project
Our client, a Swiss-based enterprise company, operates in the watchmaking industry. The company is renowned for its colourful, fashion-forward wristwatches. However, it stepped into the wearables market, introducing a range of smartwatch models. The agency holds a prominent position in the global market, with offices in Europe, the US and Asia.
Switzerland
2021 - ongoing
10
Solution
Solution
Silk Data delivered a scalable iOS and android wearable app development solution that seamlessly integrates security, convenience, and aesthetics.
Rather than simply building an application, we provided the client with an innovative solution that allows users to manage all the financial transactions made via wearable devices in one application. Silk Data, as a wearable app development company, was engaged in the full cycle of application development, from defining requirements to market launch. We managed to combine advanced encryption and biometric authentication technologies to ensure the highest level of personal data protection. The user can easily make wearable contactless payment with help of NFC wearable payment technology, and meanwhile set personal financial goals and monitor their financial progress. With a modern design, streamlined processes, NFC wearable payment technology, the user experience reaches a new level of satisfaction.
Silk Data also deliver app updates and bug fixes based on feedback received from clients.
Payment Wearable App Functionality
The new payment wearable app is to include the following feature set:
Contactless Payments
- Integration of NFC-enabled contactless payments via wearable payment devices (WPD).
- Convenient transactions without physical cards.
- Secure NFC technology for swift payments.
Data Security
- Advanced encryption safeguards sensitive information.
- Protection of personal and financial data.
- Secure transactions with peace of mind.
User Experience Enhancements
- Biometric Authentication: Secure access with biometric verification.
- Data Visualization: Reports, diagrams, and charts for insightful financial analysis.
- Personalized Features: Tailored notifications, reminders, and rewards.
- Platform Accessibility: Support for both iOS and Android platforms.
- Enhanced Security: Robust measures including encryption and non-storage of sensitive data.
Financial Management
- Execution and monitoring of transactions, supporting multi-currencies.
- Efficient management of diverse transactions.
- Real-time monitoring of financial activities.
Key results
Key results
Our wearable app developers successfully delivered a high-performing app within 5 months, meeting all the client's requirements and budget constraints. The mobile app provides a seamless transition from offline to digital banking.
The app is currently available for download on both AppStore and Google Market. The expansion of the product offering has contributed to increased profitability and enhanced company visibility in the region.
Big brands as Swatch and its customers rely on the developed payment app. With high level of security and customer support, the users can easily manage their finance transactions in one place.
Frequently Asked Questions
Smart wearables are connected body-worn electronic gadgets (rings, smart glasses, watches, etc.) that can be synchronized with smartphones or other devices to deliver user notifications, real-time data updates, health and fitness metrics, etc.
In their essence, wearables contribute to creating a more connected and seamless digital environment, which is the core idea behind the IoT. They are more than just trendy gadgets; These smart devices are equipped with sensors and software that collect and transmit data, which can include health metrics, physical activity, GPS-based data, etc. This data can be analysed and used in a variety of ways, such as providing personalized health insights or enhancing user experience with other connected devices. For instance, a wearable device can sync with your smart home system to adjust the temperature based on your body temperature or even unlock your door when you approach.
At the very start, we select a development platform such as Android or iOS and choose the best-fitted tech technologies (e.g. Java or Swift). The design comes next. Our focus lies in devising an adaptable interface optimized for the smaller screens of wearables. Silk Data’s clients can count on for continuous app support after the launch. We strive to devise user-friendly, secure and scalable wearable apps.
