© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Accelerating New FinTech Products With Modular Front End Technology by Velmie
Posted 20th January 2023

Accelerating New FinTech Products With Modular Front End Technology by Velmie

Front end and UX always become a challenge and key success factor when building new tech products. In the FinTech space, it plays an even more important role considering high CAC costs and the average CLV metrics.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Accelerating New FinTech Products With Modular Front End Technology by Velmie

Front end and UX always become a challenge and key success factor when building new tech products. In the FinTech space, it plays an even more important role considering high CAC costs and the average CLV metrics. Therefore, companies have to invest over 60% of their engineering budgets to build apps and experiences pursuing their target acquisition and retention goals.

The importance of front end & UX

A well-designed front end is essential for any FinTech company. It’s the face of your product, and it’s what customers see and interact with. Good front-end design can help attracting new customers and keep those you already have.

Looking at the most successful FinTech companies in the US and Europe, you can notice that the key value proposition lies within the experiences they provide. It has always been a key differentiator between legacy institutions and modern FinTechs but its importance and complexity were often underestimated. Front end experiences still remain the biggest success factor for many of the fintechs and a blocker for others who didn’t manage to get it right.

A good front end solution must not only look nice and deliver your brand message but also interact with the clients, be clear, intuitive and responsive. Furthermore, UX is directly connected to other pieces of your product such as back end APIs, business and compliance processes, marketing tactics, etc.

At Velmie, we understand the importance of front-end design and that’s why built modular front-end technology that makes it easy to create custom experiences for your product. Our white-label banking apps for iOS and Android are fully customizable, and the back office solution comes with extensive tools to manage engagement and conversations with your customers.

Costs of building FinTech apps

Building a great front end experience for your FinTech product can be costly and time-consuming. Companies often have to spend a significant amount of effort to build and run various UX tests until they come to the target. That’s where Velmie comes in.

With the modular white-label front end our customers can compile different components to get their unique products and experiences delivered to the audience. This approach allows to significantly reduce the go-to-market time from around 1 year to just 1-2 months, leading to CAPEX savings as well. On average, FinTech startups pay USD 0,5 million to build their MVP applications, with the white-label tech the app investments can be just a fraction of the above costs.

With over 30+ modules and components such as cards, crypto, Fx, QR payments, invoices, portfolio management and others, the front end tech can be a fit for the majority of FinTech products.

The advantages of white-label apps

When you’re looking to launch a new FinTech product, you need a technology partner that can help you speed things up. Finding and retaining experienced app designers and developers with relevant background in the FinTech space may be a bit of a challenge for early-stage companies.

At Velmie we not only provide a toolkit but also do end-to-end delivery, bringing hassle-free service to companies that don’t have in-house tech expertise. Founders can stay focused on their business, customers, and partners while we deliver perfectly crafted apps and experiences with our unique tech.

What’s more, our API middleware technology provides fast connectivity to partner banks, so you can get your product into the market faster than ever before.

Categories: Innovation, News


You Might Also Like
Read Full PostRead - Eye Icon
Make the Invisible Visible: AI-Based Investigation Solutions
News
13/02/2024Make the Invisible Visible: AI-Based Investigation Solutions

Established in 2012, Voyager Labs is an award-winning global leader in the development of advanced digital analytic solutions that enable public safety organizations to identify threats, mitigate risk, and fight crime.

Read Full PostRead - Eye Icon
AURELIUS sells Scandinavian Cosmetics Group to Accent Equity
Finance
11/10/2019AURELIUS sells Scandinavian Cosmetics Group to Accent Equity

AURELIUS acquired Scandinavian Cosmetics as part of activities carved-out from Swiss Valora Group. AURELIUS successfully carved-out the business from its former owner and subsequently established Scandinavian Cosmetics as one Nordic group by implementing a com

Read Full PostRead - Eye Icon
The LGV Training Company Highlights The Flourishing HGV Sector Amidst Growth Prospects
News
03/01/2024The LGV Training Company Highlights The Flourishing HGV Sector Amidst Growth Prospects

The LGV Training Company Highlights The Flourishing HGV Sector Amidst Growth Prospects Based on previous statistics, The HGV industry has experienced a surge in growth and presents a multitude of opportunities for prospective drivers. Past statistics from a co

Read Full PostRead - Eye Icon
Coronavirus Crisis Fuels Strong Performance of Technology Sectors but Growth Should Accelerate Post Lockdown
Innovation
16/07/2020Coronavirus Crisis Fuels Strong Performance of Technology Sectors but Growth Should Accelerate Post Lockdown

The huge increase in expenditure on products and services from innovative technology sectors during the Coronavirus crisis could rise dramatically as restrictions lift and societies and economies begin to return to some form of normality. This is because busin

Read Full PostRead - Eye Icon
What are Collective Investment Schemes
News
03/11/2023What are Collective Investment Schemes

What are collective investment schemes? Collective investment schemes, popularly known as CISs, are collective investments in which a group of individual investors pool their money together and invest as one unit. It is like a pot in which different investors

Read Full PostRead - Eye Icon
Furlough Scheme Extension – the Good, the Bad and the Ugly Cost
Finance
11/11/2020Furlough Scheme Extension – the Good, the Bad and the Ugly Cost

Shaw & Co, the Bristol-based specialist corporate finance advisory firm, has responded to the announcement made by Rishi Sunak, Chancellor of the Exchequer, on Thursday 5 November in the House of Commons announcing the extension of the UK Furlough Scheme.

Read Full PostRead - Eye Icon
ASEAN: A US$150bn Healthcare Market by 2017
Innovation
20/01/2015ASEAN: A US$150bn Healthcare Market by 2017

Asia-Pacific continues to drive global healthcare investment, innovation and growth, says Frost & Sullivan

Read Full PostRead - Eye Icon
Most Innovative Law Firm of 2016, Japan
Legal
09/06/2016Most Innovative Law Firm of 2016, Japan

Founded in 1891, ASAMURA PATENT OFFICE has the longest IP business history in the region.

Read Full PostRead - Eye Icon
What lessons has the pandemic taught us about the fluidity of labour in the run up to Brexit?
Innovation
25/11/2020What lessons has the pandemic taught us about the fluidity of labour in the run up to Brexit?

So much time and angst has been spent on the B word since May 2016, much of it around the issue of fluidity of labour across borders. But what this year has shown is that technology and talent refuse to recognise borders: try building a wall in the cloud. So m



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow