How to build a better bank: Modulr’s step-by-step guide

With nearly 70% of consumers considering switching their banking provider in favour of better technology and service it has never been more important to offer the best banking solution possible. This 5-part series delivers a weekly guide (audio and PDF) exploring how to build a world leading banking product.

So you need to deliver industry leading banking services?

Challenge accepted - but there are more than a few things you need to think about first.

Any idea is usually easier said than done, but with regulators to please, complex tech to master and an elaborate list of potential products, delivering world class banking products is one of the most demanding business challenges there is.

That’s why Modulr has put together this five-part guide explaining to how to do it. 

  • ux-design UX and Design
  • regulation Regulations, the Ecosystem & You
  • Payments Regulation Pound Sterling Keeping up with Payments Innovation
  • accounts Products, Accounts and Services
  • products Security

Modulr's 5-week series, delivered to your inbox

Audio Guide and eBook

PolygonNikSt
Nik Storonsky
CEO and Founder

“Around-the-clock access to a real-time payments infrastructure is key to building any successful financial service. With Modulr, we not only have a partner we know and trust, but one who we can work with to launch new payment products with ease."

Sneak peak:

UX and Design

Week 1

Regulations, the Ecosystem & You (+ BONUS)

Week 2

Keeping up with Payments Innovation

Week 3

Products, Accounts and Services

Week 4

Security

Week 5

UX and Design

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How to build a bank

UX and Design

10 considerations to make your design differentiate

Many banks offer similar products and services to one another.

One way for new banking services to distinguish themselves from the crowd is by offering a user experience (UX) that is either more sophisticated, more intuitive or more streamlined than that offered by legacy institutions.

This chapter explores 10 areas for your design consideration.

Date Icon Week 1

Regulations, the Ecosystem & You (+ BONUS)

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How to build a bank

Regulations, the Ecosystem & You (+ BONUS)

Understand where you fit and who your partners are

A bank is a bank is a bank, right?

Not quite.

There are many stakeholders in the financial system. This seems logical, but it does mean it’s a complicated ecosystem to get your head around.

This Chapter lays out all the participants and relationships you need to get your banking services off the ground.

Hint: You may not even need a banking licence...

Date Icon Week 2

Keeping up with Payments Innovation

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How to build a bank

Keeping up with Payments Innovation

How to make payments a competitive advantage

We are far beyond the days when physical assets were moved between banks.

Today, payments are overwhelmingly digital, and overwhelmingly an area ripe for innovative banking products.

This Chapter is dedicated to what we know best: The moving landscape that is the UK payments infrastructure.

Date Icon Week 3

Products, Accounts and Services

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How to build a bank

Products, Accounts and Services

What do you offer a banking customer that hasn't been offered before?

What is a bank for?

What do customers expect to be offered from their bank?

Given recent technical developments in financial services, that question is in fact more complex than it has ever been – and there are more answers than ever before.

This Chapter lists the current products and services offered to consumers, as well as suggests how they can be improved.

Date Icon Week 4

Security

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How to build a bank

Security

How do you secure your banking services?

A key consideration from day 1: How do you protect your customers' cash and information?

We're pleased to invite our security auditor, Advantio, to deep dive on the different categories of security and the key areas you need to focus on when choosing security partners.

Date Icon Week 5

Register today

Stay ahead of the competition, complete this form and you will receive Week 1: UX and UI, with a weekly delivery of the subsequent chapters.

Powering industry leaders

Modulr powers the UKs leading businesses
Revolut
Sage-1
Accentra
Liberis
Salary-Finance
Iwoca

Powering industry leaders

Modulr powers the UKs leading businesses
Revolut
Sage-1
Accentra
Liberis
Salary-Finance
Iwoca

Who is Modulr?

Modulr is the Payments as a Service API platform for digital businesses. It integrates into any product or system. Modulr’s new type of payment accounts are built for businesses that need a faster, easier and more reliable way to move money. Businesses can automate payment flows, embed payments into their platforms and build entirely new payment products and services themselves. All managed in real-time, 24/7 from one API.

Modulr’s API makes it easy for businesses to streamline existing services, launch new products and scale more efficiently. Modulr Finance Limited (FRN: 900699) is registered with the Financial Conduct Authority as an EMD Agent of Modulr FS Limited (FRN 900573). Modulr FS Limited is an Authorised Electronic Money Institution, regulated by the Financial Conduct Authority.

For further information – please go to www.modulrfinance.com

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