Python-Powered Crypto Banking Platform

  • The evolution of a cutting-edge banking platform was handled by our Python developers, showcasing their prowess in creating solutions for QIWI, non-bank entities, crypto projects, and media players. The platform's core features included virtual Visa/Mastercard cards, and our team ambitiously planned over 70 BINs across diverse segments and geographies. Future enhancements will encompass proprietary crypto-processing capabilities and a robust core banking platform tailored for European and Southeast Asian markets., including exchange rates, core data ingestion mediation, FKG mediation, and background processing. The system was built to handle millions of transactions daily, with a focus on real-time processing and analytics.
Fintech
CryptoBank
Innovation
Documentation
Optimization
Microservices
Perform a project

Client

  • The client is a leading financial services provider, known for its extensive network of banking institutions and comprehensive financial products. They faced challenges with their existing transaction monitoring system, which struggled with scalability and integration issues. The customer required a modern, scalable solution to improve transaction processing speed, accuracy, and reliability, while also enhancing data security and compliance with financial regulations.

  • Detailed information about the client cannot be disclosed under the provisions of the NDA.

Solution

The primary application, initially a monolith, encompassed crucial functionalities like authentication, user management, card services, and transaction handling. A key microservice, developed using FastAPI and powered by PostgreSQL, facilitated seamless communication with other services via HTTP requests.

Results

Team

Technical Stack:

Conclusion

The successful evolution of our project into a crypto-friendly banking platform featuring virtual Visa/Mastercard cards was made possible by the efforts of our Python team at Pynest. The extensive future plans, including 70+ BINs for any segment and geography, proprietary crypto-processing, and a core banking platform for European and Southeast Asian markets, were all supported by our skilled developers.

Our team at Pynest played a crucial role in this success, leveraging their expertise to integrate various payment systems (IBAN, SEPA, WIRE, SWIFT, VISA Direct, MC Send, local payment systems) and deliver a comprehensive and adaptable solution. The platform not only met immediate business needs but also positioned our clients for sustained growth and success in the rapidly evolving financial technology landscape. The collaboration and innovation from our Python developers at Pynest were instrumental in driving this project forward, ensuring a robust, scalable, and future-proof banking platform for our diverse client base.