Clients

FEGO is India’s first Intelligent Open-Finance platform. FEGO empowers consumer-facing entities like Banks, NBFCs, Financial Institutions, and Consumer Internet Companies to gather actionable, behavioral insights about their users from aggregated banking & financial transactions. These insights help service providers contextually engage their end-users in real-time via insightful and hyper-personalized financial experiences, as part of their customer journeys.

Open Finance is a very new space in India with regulations and we needed a new-age technology partner to build our product stack. When we approached Ideas2IT for the development of our products, we gave them a high-level product vision in just a couple of lines. The team at Ideas2IT went ahead with their own research, handled all the nitty-gritty and the regulatory mandates in the space. It felt like working with an internal wing that had a lot of dedication and involvement. And that allowed us to focus on our business and freed up our bandwidths. This is a highly innovation-led project and they developed lots of rapid prototypes of Proof of Concepts. 

So in partnership with Ideas2IT, we have built three world-class independent product lines in just under 8 months. This is remarkable. And our products can sit on top of any Open Banking pipe or any aggregator here in India or globally like Plaid, Salt Edge, and Tink.

We can currently access the accounts of four major banks in India. And with our Data Enrichment integration, 82% of these transactions can now be categorized. Over time, this number will only keep growing bigger and bigger.  

We have found a brilliant long-term product development partner in Ideas2IT. What makes all of it come together is the level of integrity they display, which helps foster collaboration trust. We certainly are going to be working with Ideas2IT for a long time.

I have been working with a team from Ideas2IT for a number of years on a very large, complex project. The project is a back-office system, with various kinds of users, multiple front-ends, and a database of over 900 data fields spread across over 80 tables. The system was implemented successfully and efficiently.

I worked with a colleague in the UK on the design and core parts of the system. However, I wanted to outsource the rest of the development and support to a company large enough to take on the ongoing development and operation of such a system. I interviewed companies in the UK, Eastern Europe, and India and eventually chose Ideas2IT. They were the only company who were willing to work on a sufficiently flexible basis and reasonable cost, such that I felt the project was viable.

All the work carried out by Ideas2IT was done remotely. So, the communication between the teams had to be excellent at all times. The entire team at Ideas2IT was always helpful while trying to sort out any problems arising in a positive way.

The team varied in number, with more than ten staff working on the project in various roles, including project management, senior and junior development.

A wide range of technologies was used. Ideas2IT helped to suggest the use of certain technologies and invested in staff learning these technologies so as to be ready to work on the project at short notice.

My experience of working with the team was both successful and enjoyable and I  recommend Ideas2IT as an excellent partner of choice for major software projects.