Payment integration audit for Swedbank

About the project

Swedbank is growing their presence and services offered in the e-commerce space and even though they had a payment solution for online stores for a long time, it was not widely known. Considering the vast experience we have building online stores and official payment modules, Swedbank reached out to Magebit to analyse their solution, provide market research information and in general consult on how to best grow their service.

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Client Challanges

While the scope of this project was just strategic, it involved thorough research which then would take quite a long time to get moved through the complex world of banking.

1. Evaluate the current solution and how it compares with the competition
2. Strength and weakness analysis to narrow the focus on most impactful changes
3. Typical target merchant requirement analysis

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The role of Magebit
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We eat, live and breathe e-commerce daily. This gave us the upper hand of knowing where exactly to look for specific information and allowed us to provide high quality results in a short period of time. Our role included:

• Market analysis
  ‍Gathering information about competitors and target merchant typical needs.‍
• Current solution evaluation
  ‍Identification of weaknesses, opportunities and changes to narrow the focus for their target merchants.‍
• Opportunity guidance
  ‍Evaluation of effort vs impact for various opportunities to guide prioritization that takes into account the complex world of banking.

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