A High-Velocity FinTech Prototype for the Middle East
In a two-week sprint, Falcon Pay will deliver a proof-of-concept integrating three core services into one seamless application. The project focuses on demonstrating innovation in payments, connectivity, and data-driven finance within a regulatory-compliant sandbox environment.
2
Week Sprint
3
Core Capabilities
1
Integrated App
The project allocates equal effort to developing each of its three foundational pillars, ensuring a balanced and robust final prototype.
A secure P2P payment system using virtual wallets to test functionality without financial risk.
Create account and receive a virtual wallet with synthetic data.
Top-up via simulated Open Banking or Card Gateway APIs.
Send money instantly to other Falcon Pay wallets via an internal ledger.
An in-app portal to buy and manage mobile data plans for global connectivity.
View regional data plans from a partner eSIM provider.
Pay for the selected plan using the Falcon Pay virtual wallet.
Scan a QR code to instantly install the eSIM profile on the device.
A smart engine to analyze spending and recommend high-value financial products.
User uploads up to 12 months of bank statements (PDF/CSV).
AI classifies transactions and identifies spending patterns.
Algorithm matches spending to cards that maximize rewards.
React Native with Expo is the pragmatic choice to meet the two-week deadline, leveraging existing team skills and a pre-built prototype for maximum velocity.
To ensure compliance and build credibility, Falcon Pay will be developed within leading Middle Eastern FinTech sandboxes.
Sandbox registration, DB schema, and core wallet API endpoints.
Integrate payment gateway sandbox and build React Native wallet UI.
Implement user authentication and conduct internal testing.
Expand prototype, integrate partner API, and implement QR code scanning.
Build ingestion pipeline, categorizer, and recommendation logic.
Run integration tests, conduct UAT, and prepare the final demonstration.
⚖️
Mitigation: Operate exclusively within official sandboxes during the PoC phase.
🔌
Mitigation: Design an abstraction layer to easily switch between API providers.
🔒
Mitigation: Employ end-to-end encryption and anonymize all personal data.
⏳
Mitigation: Focus on core MVP features and use pre-built libraries to accelerate.