Fintech Product - UK ONLY

Job ID: 33882641

Budget: $50 – $150 USD

Hi,
I'm currently working on an international funds transfer (IFT) project in the UK at the moment. However, I need answers and expert knowledge with regards to the following :

1.How to develop the mobile and web application to ensure that it meets up with all relevant regulations and compliance laws in the UK, US and Canada. Including information about exempted programming languages, software development techniques, must have features, mobile apps security, fraud detection, risk management, database security and integrity,
API requirements and security.

2. How to develop the mobile and web application to ensure that it is fit for use and integration with banks in the UK, US and Canada. Ensuring the mobile app and website are not rejected and are fit for integration by banks in the aforementioned countries. I'm trying to avoid developing an international funds transfer application and website that would be rejected by banks because it doesn't meet up with relevant regulations or bank requirements. As a result, I need all the knowledge I can get.

Other questions:
a. Barriers to entry and how to surmount them easily especially those caused by top competitors.
b. Challenges faced by new comers in the business and the best way or strategy to come out on top.
c. Considering the current landscape of the industry or business, what would be the best strategy for a newcomer to build a formidable (IFT) startup.
Related categories: FinTech