NAB used the launch of its buy now, pay later, NAB Now Pay Later app to showcase its in-house “mini-app” development capabilities.

Open for pre-registration now, the BNPL app will launch in July and will accompany NAB’s existing NAB StraightUp Card, an interest-free credit card launched in September 2020.

Miniapps, part of NAB’s cloud and microservices strategy, are modular interfaces designed to easily integrate into existing applications.

NAB unveiled the approach in September 2020, after iTnews revealed the existence of the project in 2019.

Instead of rebuilding a smartphone app to add functionality, mini apps allow developers to build capabilities to support new mainstream features, which they can then integrate into the existing app.

NAB CIO for Personal and Digital Banking Ana Cammaroto said iTnews the combination gave NAB the assurance that “we could build it in-house because we know we have the engineering expertise.”

The majority of the new product was built using NAB’s cloud-hosted microservices architecture “meaning we don’t have to worry about their performance.”

“Our cloud takes care of it [so] we don’t have to worry about them being up 99.99% of the time. We don’t have to worry about security, we don’t have to worry about scaling,” she said.

The fast application process, coupled with strict safety and security checks, is “where our mini-app architecture, microservices features, and cloud adoption come to life for us.”

Cammaroto added “there are two elements to how we simplify our architecture” when building the foundation for NAB Now Pay Later.

“We’ve simplified at the functionality level, let’s call it at the deep business logic level, i.e. microservices, so something that determines how you make a scheduled payment…it’s a microservice. “

Cammaroto said “at the mini-app level, it’s the experience,” such as the ability for consumers to see transactions in the NAB banking app.

NAB can also reuse mini-apps “which increases cost and speed for us,” Cammaroto said.

The bank now uses microservices and mini-applications at scale.

Cammaroto said that means “we know we’re maturing at this level of evolutionary architecture, because we’re seeing the reuse, not just the building.”

“So we’ve focused primarily on how we’re changing the experience for our customers, how can we make that mobile experience really well integrated for them?”

New BNPL service integrates security features such as biometric fraud detection and a renewable CVV [card verification value] which refreshes regularly to protect customers against fraud and theft.

Cammaroto said it was a “big differentiator” for the bank and “unlike many of our competitors, we do a full credit check before giving access.”

Cammaroto added that NAB is “very proud that this is a local product” because the product “is such a differentiator and we recognize that was a competitive advantage for us by building it in-house.”

“It requires a lot of engineering talent and I have a significant number of members of my engineering team who are super happy and celebrating today that this product has come to market,” she said. declared.

With the bank’s contactless shopping option, NAB Pay, ending in June, Cammaroto said the new offering will be different and the functionality “wasn’t [consumers] prefer [choice] and we are fully aware that we do not want to confuse customers with multiple products.

Eligible customers can apply only through the NAB banking app and will be able to access up to $1,000 and spread purchases over four payments.

The new BNPL option will be able to use it anywhere Visa is accepted and add it to digital wallets for online and in-store payments.

NAB also hopes to attract customers by offering a service without late fees, interest or account maintenance fees.


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