Building an investor-ready fintech proof of concept in four weeks

Sector
Fintech · Payments security
Fluo's role
Proof of concept · Mobile and web build · Delivery across time zones

Fluo built the mobile app and web portals that turned CyberPro2's proprietary identity verification algorithm into a working proof of concept in four weeks, and kept the demo environment live for around a year while the United States client pitched it to investors and institutions.

4
Weeks

From brief to working proof of concept

1
Year

Demo environment kept live for investor conversations

2
Continents

Delivered across the Atlantic, from Europe to the United States

1
US pilot

The concept later reskinned for a United States client

Who

A United States fintech with roots in banking, developing a proprietary way to verify identity for bank transfers and card not present payments.

Problem

CyberPro2's view of its own market was that card not present payments still let far too much fraud through, and that the identity checks meant to prevent it either miss too much or ask too much of the person paying. CyberPro2, a United States business with a banking background, had built a proprietary algorithm that verified identity for bank transfers and micropayments without resorting to anything as invasive as facial recognition. What it did not have was a way to show anyone how it worked.

Solution

Fluo built the proof of concept that made the algorithm demonstrable: a mobile app and a couple of web portals that walk through the full journey of someone buying from a merchant and then authorising that payment through CyberPro2's own verification mechanism, tested end to end on real devices.

Approach

Delivered to a very tight deadline of four weeks. Fluo sits in Europe and CyberPro2 in the United States, a gap the client raised as a concern before work started. What they fed back afterwards was how responsive the team stayed across that time difference, which says something useful about how Fluo runs remote engagements generally.

“We were working with Fluo across the Atlantic at different time zones. Fluo were always punctual with their deliveries and responsive to our comments.” Mansour, CEO, CyberPro2

Outcome

A working proof of concept that CyberPro2 took to investors and institutions, with Fluo keeping the demo environment live for around a year so those conversations could keep happening. Fluo later reskinned the concept for a pilot with a United States client. It sits in the portfolio as evidence that Fluo can pick up an unfamiliar, highly technical proposition in financial services and make it demonstrable fast.

More of our work

Got something you'd like to build?

Whether you have a concept that needs an engineering partner, or a platform that's ready to evolve into something more, we'd love to hear what you're working on. Drop us a line and let's see if there's a good fit.

Book a consultation