Industry:
Financial Services
Type:
Banking/Means of Payment
Region:
LATAM
Resources:
25
Technologies:
Web Development, Cloud & DevOps

Monex, a leading banking institution in Mexico, has taken a transformative step with the launch of Monex One, an innovative digital solution designed for individuals, redefining access to financial services. This product integrates advanced features such as multi-currency management, foreign exchange, and the issuance of physical and virtual cards, all through a state-of-the-art mobile application.

The development of Monex One is the result of a strategic collaboration between Ancient Technology, Galileo Financial Technology, and Monex’s internal product and digital banking teams. This joint effort combined technological expertise, infrastructure solutions, and card issuance services to create a comprehensive, efficient, and market-leading financial product.

Comprehensive Support from Ancient Technology

Ancient played a key role as a technological partner, providing expertise to support Monex’s internal teams in the following areas:

  1. Mobile Application Development: We collaborated with Monex’s product team to design and develop an intuitive, secure, and adaptable mobile application. The app enables users to manage their accounts, perform foreign exchange transactions, and control their multi-currency cards from anywhere.
  2. Integration with Galileo: Ancient led the integration of Galileo's services into Monex One, enabling the issuance and management of physical and virtual cards. This included implementing flows for charge authorizations, chargebacks, card blocking and unblocking, and configuring spending rules to deliver a seamless and secure experience for end users.
  3. Collaboration with Monex’s IT Teams: Ancient worked closely with Monex’s internal IT teams to ensure robust and efficient integration with their core banking systems. This included setting up ETL processes for real-time balance synchronization, implementing microservices-based architecture, and incorporating advanced security measures.
  4. Innovation and Automation: We implemented modern tools such as Terraform and Kubernetes to automate processes, ensure scalability, and optimize the delivery time of new features.
  5. Support and Training: Ancient provided technical support during the implementation and post-production phases, ensuring the system’s operational stability and delivering training to Monex’s internal teams to facilitate a successful knowledge and operations transfer.