Developing Allio would require deep experience in the financial industry. Allio wanted to provide a way for customers to invest without requiring any expertise and with a low buy-in.
The right development team would need to possess a market-tested expertise in compliance standards including, but not limited to, SEC, FINRA, FDIC, CFTC, AML, KYC, and PCI DSS regulations.
Additionally, the development team should possess a deep understanding of the problems that Allio was trying to solve. Given the target demographic’s sensitivity to risk, the dev team would have to walk the fine line between presenting the platform as a trustworthy resource while also disarming customer’s inclinations toward suspicion.
Lastly, given the complexity of moving parts that would have to come together to create Allio– such as integrations with Plaid, Alpaca, AWS, and Stripe as well as concurrent development across iOS and Android– the development team would have to be highly flexible, able to adapt to sudden changes, coordinate and execute tight project management, and develop round short timetables without compromising quality.