Velmie Introduces Advanced Front End Technology For FinTechsby Fintech News Malaysia June 1, 2023 0 comments
Velmie, a digital banking solutions provider, has released an advanced white-label UI that is said to help fintechs reduce time-to-market by 75%.
Building a front end from scratch for a fintech product is a challenging and time-consuming task. Achieving the desired user experience often involves conducting multiple rounds of UX testing to fine-tune the interface, navigation, and overall usability.
The user experience (UX) of a fintech application is not limited to its visual design but extends to the integration with back-end APIs, business logic, compliance processes, and marketing strategies and involves the efforts of engineering, design, and product resources. Thus, front-end development can take years and significantly increase the time to market.
Velmie modular front end
Velmie modular front end refers to an approach where the user interface (UI) is divided into separate, self-contained components. Each component is a building block that can be combined and reused to create a flexible and customizable front-end design.
This streamlined approach drastically reduces the typical go-to-market time, slashing it from approximately 1 year to just 1-2 months. By adopting Velmie’s solution, businesses can achieve significant time and cost savings, reducing both CAPEX expenses and time-to-market by up to 75%, they claim.
The front-end technology offers a range of modules and components, including cards, crypto, FX, QR payments, invoices, portfolio management, and more. With over 30+ options available, it is suitable for a majority of fintech products, catering to various needs and functionalities.
Velmie updated modular front end has expanded the list of components. These components can include typography systems, color schemes, UI elements, shadow and blur effect styles, interaction patterns, and more.
By breaking down the UI into modular components, developers can streamline the development process, enhance code reusability, and improve overall performance. Every component within the solution is meticulously designed with the best UX practices, ensuring a seamless user experience.
“Modular front-end empowers businesses in the fintech industry to create user-friendly, visually appealing, and customizable interfaces that align with their brand messaging and user experience goals. By leveraging the benefits of modular front-end development, businesses can accelerate their time to market, enhance customer engagement, and gain a competitive edge in the dynamic fintech landscape.” – Slava Ivashkin, Founder and CEO at Velmie.