Case Study

An innovative, cloud-based platform for the financial industry - Bricknode

An innovative, cloud-based platform for the financial industry - Bricknode

Bricknode is an innovative, cloud-based platform for the financial industry, a company that wants to "put the Fun in finance" as they like to say it. Starting in 2010, it is now a member of Untie Group, a personal finance platform, a mobile bank of the future.

Both Bricknode & Untie were founded by Stefan Willebrand, a serial entrepreneur, with whom we met in 2016, discussing the challenges.

The challenge / problem

‍ Bricknode has been running for years with an in-house development team but needed to grow fast, mainly building applications in the form of web portals that run on top of the existing core. The business also needed a wider skill set while the in-house team was highly focused on the business logic.

The Approach / Solution

Naissus did not mind starting small and initially working on less important aspects of the system as it was the best way to learn about the existing components of the system as well as the business itself. Being a good technology stack match , with years' long prior experience in Fintech , having an engineering mindset, as well as being nearshore & English-fluent, Naissus brought immediate relief & quickly became the reliable leverage to scale the business.

The result

Naissus quickly became Bricknode's preferred software development partner and started building application services on top of Bricknode's financial core. We were quick to learn about the existing core so that we can collaborate on software designs with the in-house team. ‍ Over the course of years, Naissus has brought to life about a dozen of web applications , all based on Bricknode's core and integrated into the existing ecosystem. Applications include:

  • Integrations with large Swedish financial institutions (KYC/AML, Banks, Clearing)
  • Core add-on features (Broker, Advisor, Subscription, Fund, Interest, Position)
  • Core updates (legislative MiFID 2 EU directive) In 2019, Bricknode joined Untie Group as its umbrella company, and our already battle-tested team was engaged to build a financial savings portal from the ground up:
  • Untie Deposits, a registered depository institution under the Swedish financial supervisory authority. Starting small, through 3rd party API integrations & building value-added services to the existing platform, to building entire new platforms, Naissus keeps growing with its partner and serving with excellence. ‍
We have worked with Naissus technologies for several years and I can highly recommend the company. They have an incredibly good attitude and are flexible in finding the best solutions for us. It is great security for us to have Naissus as consultants when we need to. Erik Hagelin ‍ Partner @ Bricknode

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