Virtual Bank Platform Development
Technology platforms for branchless virtual banks — complete digital operations from onboarding to servicing and reporting.
- ClientCheckout · wallet
- APIIdempotency key
- Identity & KYCVerified
- Risk & complianceRules passed
- Payment gatewayAuthorised → captured
- LedgerDouble-entry posted
- SettlementBank rail · T+1
Journal entry · balanced
| Account | Debit | Credit |
|---|---|---|
| Customer funds | 120.00 | — |
| Merchant payable | — | 118.20 |
| Fee revenue | — | 1.80 |
Division
Service area
Digital Banking & Neobanks
Engagement
Project · Team · Managed
Overview
A virtual bank operates without branches, so every process — onboarding, servicing, lending, collections, complaints, reporting — must work digitally and at scale. We build virtual bank technology platforms covering customer channels, product systems, operations and data, designed to support the institution's licensing and regulatory reporting obligations as defined by its compliance team.
Common use cases
- Digital-only bank launchTechnology for a newly licensed virtual bank.
- Digital subsidiaryA virtual bank brand launched by an existing group.
- Market entryVirtual bank technology for a new jurisdiction.
- Operating model digitisationFully digital processes for a branchless model.
Quick answers
Virtual Bank Platform Development at a glance
The essentials in brief. Every project is scoped individually — ask us for specifics.
- What is virtual bank platform development?
- Technology platforms for branchless virtual banks — complete digital operations from onboarding to servicing and reporting.
- Who is it for?
- Typically neobanks, payment companies, lenders, wealth platforms and financial institutions building or modernising customer-facing and back-office systems.
- What does Shivacha provide?
- End-to-end digital journeys
- Product systems
- Digital operations
- Regulatory data
- Resilience
- Security
- Which technologies are used?
- Double-Entry Ledgers, ISO 20022, Open Banking APIs, Java, Kotlin, Swift — chosen to fit your stack and constraints.
- How does the process work?
- Product & partner model → Core design → Integrations → Experience build → Launch readiness.
- What affects the cost?
- Banking, card, payment and KYC partners to integrate
- Ledger and reconciliation complexity
- Number of currencies, countries and payment rails
- Compliance, reporting and audit requirements
- Mobile, web and back-office scope
- Availability and disaster-recovery targets
- How long does it take?
- A regulated-market MVP usually takes 4–7 months including partner integrations; extensions to an existing platform can ship in weeks.
- How do I get started?
- Share a short brief in the form below, book a 30-minute call or message us on WhatsApp. A senior engineer replies within one business day; NDA on request.
Capabilities
What we deliver
End-to-end digital journeys
Every customer process available in-app.
Product systems
Deposits, lending and cards on a modern core.
Digital operations
Case management, complaints and collections tooling.
Regulatory data
Data pipelines supporting required reporting.
Resilience
High availability and disaster recovery design.
Security
Identity, fraud and cyber controls throughout.
Architecture
Engineered right from day one
The layers we typically design for digital banking & neobanks, adapted to your stack and partners.
- Ledger accuracyDouble-entry accounting with immutable journal entries and daily reconciliation.
- Partner abstractionBaaS and banking partners behind adapters to avoid lock-in.
- Operational toolingBack-office for support, disputes, limits and manual adjustments with maker-checker.
- Regulatory positioningRegulated services provided by licensed partners; we deliver the technology.
Delivery
How an engagement runs
- 1
Product & partner model
Define products, customer segments and licensed partners providing regulated services.
- 2
Core design
Account structures, ledger, product rules and money movement flows.
- 3
Integrations
Sponsor bank or core system, payment schemes, card processor, KYC and screening providers.
- 4
Experience build
Onboarding, accounts, payments and support journeys across mobile and web.
- 5
Launch readiness
Testing with partners, operational tooling, reconciliation and controlled launch.
Security
Security built into delivery
Controls we apply by default on this kind of work — not a separate phase at the end.
Ledger integrity
Double-entry, immutable journals and daily reconciliation against partners.
Idempotent money movement
Every payment operation safe to retry, with no double-spend.
Access control
Maker-checker approvals, least privilege and full audit logging.
Data protection
Encryption in transit and at rest, tokenised card data and PCI-aware architecture.
Technology
Tools we use for this
Products
Start from a platform
Shivacha Digital Bank
A configurable digital banking platform for banks and licensed partners.
Learn moreShivacha Neobank
Launch a mobile-first neobank on a platform built to scale.
Learn moreShivacha Banking API
Secure, versioned banking APIs over any core — with sandbox and developer portal.
Learn moreRelated services
Often combined with
FinTech Software Development
FinTech software development across banking, payments, lending and wealth — ledger-first, partner-ready and built for audit.
Learn moreDigital Banking Development
Build digital banking platforms for retail and business customers — onboarding, accounts, payments, cards and servicing.
Learn moreNeobank Development
Launch a neobank with a mobile-first experience, modern ledger and licensed banking partners — from MVP to scale.
Learn moreDedicated team
Banking Technology Team
Engineers for digital banking, core integration and banking APIs.
Work & insights
Related thinking
Ledger-first architecture for a partner-bank neobank
How we structure a neobank so that balances always reconcile with the sponsor bank and partners can be added or replaced.
Learn moreStablecoin settlement layer for a card-accepting payment platform
A hybrid design that lets merchants accept cards as usual while optionally settling in stablecoins.
Learn moreYour ledger is your product: designing money movement that always reconciles
Fintech products are judged on experience but survive on correctness. A double-entry ledger at the core is what makes balances provable.
Learn moreFAQ
Frequently asked questions
Do you help obtain virtual bank licences?
No. Licensing is a legal and regulatory process led by the institution and its advisors. We provide technology documentation and architecture that support the application.
Can the platform be deployed on-premises or in a specific region?
Yes. Deployment targets are chosen to meet data residency and regulatory requirements.
Do we need a banking licence to launch a neobank?
Many neobanks launch in partnership with a licensed sponsor bank or e-money institution, while others hold their own licences. That is a legal and strategic decision for you and your advisors; our platforms support both models technically.
Can you integrate with our existing core banking system?
Yes. We build API layers and middleware over existing cores, or implement a modern ledger alongside the legacy core for new products.
Next step
Discuss Your FinTech Product.
Tell us about your virtual bank platform development requirements — goals, timeline and constraints. We will reply with questions, an approach and next steps.
- Senior engineer reads every enquiry
- Reply within one business day
- NDA on request
Your details are used only to reply to this enquiry.