The Advent of a Visionary Collaboration
In the bustling IT landscape of 2015, Temy, a dedicated IT solutions company, embarked on a groundbreaking collaboration with MoneyTap, the first App-based credit line provider in India. MoneyTap, with its footprint in India and the USA, envisioned a revolutionary change in the FinTech sector, turning the conventional methods of personal loans on their head. Their vision was far from ordinary: flexible, user-friendly personal loans that put the control back in the borrower’s hands. A digital credit line where borrowers decide their loan amount and only pay interest on the utilized sum.
These loans would have an interest-free balance, uphold complete transparency, and shatter the shackles of red-tapism and annoying paperwork. This was the seed of our collaboration; an ambitious vision that Temy was tasked to cultivate and nurture into a digital reality. The journey we undertook was aimed at bringing this service to everyone’s fingertips, making credit lines an everyday convenience rather than a complicated financial ordeal.
Unraveling the Intricacies of Shared Expenses
At the core of our project was an interesting concept – a digital platform that made shared expenses among friends hassle-free. For example, friends going out for dinner would no longer fret about splitting the bill evenly. The app we set out to build would facilitate this process seamlessly, ensuring everyone pays back their share in a fair and efficient manner.
However, developing such an application was far from straightforward. The challenge lay in crafting an algorithm that calculated who owes whom, based on the amount each person paid. Despite appearing simple on the surface, this was an NP-complete problem, indicating no simple solution existed. This computational complexity, combined with our client’s aspiration to create a Splitwise-like app for Indian users, made for an intriguing development journey.
The goal was ambitious, the path ahead filled with hurdles, but we at Temy, fuelled by our passion for innovation, were excited to take on the challenge.
A Cross-Cultural Team
The uniqueness of this project’s requirements called for an equally unique team. Our multi-talented crew was comprised of a Full-Stack Engineer, two Mobile Engineers, a Project Manager (PM) from our side, two seasoned Java developers, one skilled DevOps engineer, and a group of enthusiastic Indian trainees.
Utilizing a broad range of technologies such as Java, Android, iOS, Flutter, Spring Boot, AWS Beanstalk, and AWS Elastic Beanstalk, we embarked on the creation of a solution perfectly suited for our client’s needs. Navigating the cross-cultural terrain was challenging but also rewarding as it enriched our global perspective and cultural competency.
Our client’s goal of incorporating local trainees into the project was a unique approach. It offered us a great opportunity to mentor and develop new talent, while also injecting fresh perspectives into our team. It also highlighted the diversity and adaptability required to work effectively in today’s globalized world.