Our partnership with Monkee underscores the importance of speed and dependability in helping fintech companies implement advanced, compliant security solutions.
Since 2018, Monkee has been helping individuals lead financially healthier lives with the help of an intuitive mobile app. Monkee’s app breaks down larger financial objectives into manageable, weekly savings targets, enabling users to make small, consistent deposits into e-money savings accounts.
Monkee’s goal is to make saving as effortless as spending. While their initial mobile app had already garnered success with users, the company sought to enhance its offerings with more comprehensive features — and they needed a partner that could quickly deliver a compliant solution.
Read on to learn how our solution enabled Monkee to swiftly launch new financial services in their mobile app, all within just eight weeks.
Wultra’s quick project delivery and smooth communication has allowed our team to focus on what we do best — empowering users to achieve their financial goals — while also ensuring that our app’s security is fully managed. Knowing that our authentication processes meet the highest standards of security and compliance, Monkee is now well-positioned to continue innovating in the fintech space.
Christian Schneider, Monkee
Co-Founder & Chief Product Officer
Achieving Compliance and Strengthening User Trust
Monkee's mobile app didn’t require the use of advanced authentication solutions at first. But in order to grow their app into an even more useful platform for their customers, Monkee decided to level up the app’s features to include direct payments and interest-bearing savings accounts.
Upon the introduction of these new features, the need to quickly implement robust security measures became essential to protect transactions and logins within the app and to align with PSD2 standards.
Monkee turned to Wultra to swiftly deliver a comprehensive Strong Customer Authentication (SCA) solution that ensures compliance with PSD2 while maintaining the user-friendly experience their customers expect.
How We Delivered Our Swiftest Project to Date
In the span of just eight weeks, we successfully integrated our Mobile-First Authentication SDK into Monkee's mobile app. In addition to the seamless integration with Monkee’s existing app infrastructure, the project’s rapid implementation ensured that the experiences of Monkee’s customers remained uninterrupted.
To make the project’s rapid deployment possible, we provided several core resources to Monkee’s team. Through our Developer Portal, they were able to access documentation and open-source resources for immediate integration. A dedicated sandbox allowed them to test the solution in their environment, while our team’s 24/7 Slack support ensured that any issues were resolved in real time. Moreover, secure Artifactory access to non-public source code prevented delays, and Docker integration streamlined backend deployment for a swift go-live.
