Facit Bank is a 100% web-based bank that offers deposits and consumer loans to private customers. In order to align with the targeted launch date, the solution needed to be built on an extremely tight timeline while ensuring compliance with the applicable banking regulations. 3C Group, the parent company for Facit Bank, has plans to expand services to Sweden and Norway, adding complexity to the build which needed to maintain compliance with multiple regulatory regimes.
cVation was engaged to support Facit Bank’s ambitious launch plans. We were asked to ensure technical compliance and to build a complete development, test, and production environment following DevOps principles and fully automated CI/CD management. This was required to maximize agility for new releases. The solution would also need to be integrated with many internal and external systems.
The solution is built with Microsoft Azure components that work in concert with cVation’s CADD framework for accelerated Test-Driven Development and automation. Building on Azure also provided immense value in terms of regulatory compliance. cVation, as a Microsoft Preferred Partner, was able to leverage Azure’s Compliance resources to ensure regulatory compliance.