Plutus Monthly Report — Audit Results (October 2019)
Tags: Fintech, Blockchain, Cryptocurrency, Report, Bitcoin

Welcome back to our monthly report, Plutus has received some exciting results and the team are looking forward to releasing our high-quality finance app.

Pinned Announcements

Access to features is available to team accounts and members of our Pilot Programme.

The aim of the Pilot is to gather feedback from our community in order to provide an improved platform for the wider audience.

Our site and a new app will be available to the wider public once the pilot ends, unveiling our new live features.

Development Update

Implementing Small Details

The team has implemented a number of small changes including download functionality of our T&C and Privacy Policies in PDF form as required by law; we have also changed our email workflow so users can update their email addresses and subsequently authenticate it with minimal effort. The team has polished up a number of small detailed tasks that needed to be resolved before public release.

Back Office

The team has upgraded user management features so our back-office can allow the Compliance team to monitor and suspend users when they are suspected of foul play or suspicious activity. As a highly compliance-oriented company, we are ensuring the team say vigilant about any potential malicious activity.

The developers have also strengthened our back-office dashboard which will greatly empower us to manage and monitor the business’s overall health and security.

Marketing Update

Notification Emails

The team has created an informative design for our automated emails to reduce any potential pain points for the end-user; this includes all system notifications, product notifications, and KYC related emails. The development team is currently implementing these to our back-end systems.

Website Design

We have developed new sub-pages with an interactive design for our corporate website; this includes the About, Accounts, Card and PlutusDEX pages. These will be implemented this month so newcomers can rapidly educate themselves on our product offerings and fees.

Video Progress

We are creating how-to videos and developed several informative videos to guide you through the user journey. These will become available periodically alongside the upcoming expansion of our Early-Bird user group.

General Update

Audit

The most important event of the month has been the final audit with our banking provider to take an in-depth analysis of our systems and processes; this ranged from the services we deliver to our customer support approach, and most importantly the vigorous testing of our platform's security.

We have now successfully reached a historic milestone for the company which marks the beginning of our journey. Plutus can now release our web and mobile platforms to the public and issue slick Plutus Debit Cards.

Clarifying Fees & Limits

We have ensured our costs are more competitive than alternative crypto finance apps on the market in order to increase our appeal to the wider community.

The team will be offering two different account types:

A basic version for less committed customers — this comes with tighter limits and a very modest exchange fee. A premium version for higher usage customers — for a small subscription fee, users can gain access to unlimited and fee-less conversions whilst experiencing a wealth of other ‘members’ benefits.

Plan of Action

Rather than open the floodgates all at once, we have implemented hard limits on the number of users who can use our app which will increase incrementally. This is to help manage demand, guarantee our servers can handle the load, and help learn from our Early-Bird users the next courses of action.

Anyone who downloads the app after we have reached our temporary user-threshold will be placed in a queuing system and receive full access very shortly after. Keep an eye on our social channels to secure your place.