Mintos have shared the latest updates on what their platform developers have been working.
Mintos reveals recent improvements, feature developments, and “share the innovative solutions powering their platform.”
This month, Mintos reportedly spoke to one of their engineers, Artis, a full-stack developer who started at Mintos 7 years ago as an intern right out of university.
Now he works on the Mintos web app, as well as the internal API and backend tasks.
This month, Artis gave them the inside scoop on kevin, their new and improved deposit system on Mintos.
They are constantly updating their platform “to make processes more efficient for their investors, which is how this new payment integration project started.”
For the first phase of the new project, the team “collected customer feedback about what improvements they wanted to see on Mintos.”
The general theme of the feedback was investors “wanted a faster, easier way to add funds to their Mintos account.”
After feedback was collected and the project was clear, the team “conducted market research from many angles: user experience, technical, financial, and legal.”
Several months went into “figuring out which company Mintos was going to be partnering with.”
Ultimately, the team decided that kevin was “the best option because the system is based on open banking.”
Open banking is “the practice of banks sharing data with licensed third-party service providers.”
The data is “transferred via secure Application Programming Interfaces (APIs), which is code that allows two software programs to communicate with each other.”
Open banking “provides greater transparency, security, and lower service fees to account holders.”
The most important criteria “that the team prioritized for this project was user experience.”
They wanted the new deposit system “to be easy for investors to use.”
The team’s other considerations “included the speed of the payment process, the bank coverage, and finally, the cost – both financial and in the sense of developer resources. Once the project was ready for development, the team got excited.”
This project was “an opportunity to improve money depositing on Mintos which, before this project, had been a slow part of the system for investors.”
Artis, developer at Mintos, said:
“Personally, the most complicated part was the process of sending our users to the kevin platform and then having them return to our platform. Mostly because this flow contains several steps to make sure everything goes right, and we needed to make sure the investor didn’t get lost or find themselves on the wrong screen.”
After the launch of kevin, the engineering team “discussed both the positive and negative aspects of the process over pizza during the closing meeting.”
They were excited “to see the end result, as it was rewarding to develop a project with many small pieces and to see them all come together.”
The engineering team “has numerous projects coming up in the future.”
However, when dealing with money, it “takes quite a bit of time to make sure everything is secure, legal, and technically plausible.”
They are currently “taking some time to upgrade their internal systems so that they can work on new projects.”
Overall, the launch of kevin represents “a significant development in the world of finance and benefits investors who are looking for a fast, efficient, and secure way to transfer funds.”