Digital Payment System for Insurance Contracts - Singlife

Singlife, a Singapore-based financial technology company, needed a robust digital payment system to streamline insurance-related financial operations. The project aimed to facilitate seamless deposit, withdrawal, and transfer transactions, tailored specifically for the insurance and financial services sector.

Key Features Implemented

  • Secure payment processing for insurance transactions.
  • Scalable backend architecture utilizing serverless technology.
  • Streamlined workflow integrations with advanced scheduling and debugging tools.

The Challenge

In the competitive financial services market, Singlife needed to develop a secure, efficient, and scalable digital payment system. The main requirements included:

  • Reliable transaction handling for deposits, withdrawals, and transfers.
  • Ensuring high system performance during peak financial activities.
  • Integration with existing workflows and tools for efficient operations.

The solution needed to meet stringent compliance standards and deliver a smooth user experience for both clients and internal teams.

The Solution

A team of 20+ backend professionals collaborated to build the payment system using serverless architecture. This approach enabled scalability, flexibility, and efficient resource management.

Key contributions included:

  • Serverless Development: Leveraged modern frameworks and cloud services to build a robust backend system.
  • Debugging and Troubleshooting: Proactively identified and resolved issues to maintain high system reliability.
  • Workflow Automation: Integrated 3rd tools to optimize operations and scheduling.
  • Collaboration Tools: Ensured smooth communication and project management using Confluence and Jira.

The Outcome

The project successfully delivered a secure and scalable digital payment system, enabling:

  • Reliable and efficient handling of financial transactions for insurance contracts.
  • Seamless workflow automation for internal teams.
  • A flexible architecture capable of adapting to future business needs.

This initiative positioned Singlife as a leading innovator in the FinTech industry, further enhancing its ability to deliver advanced digital solutions for its customers.

Engagement model

In-house Development

Engagement length 1 year

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