Brief
Develop a secure, user-friendly, and high-performance web app for retail investors, including admin tools and payment processing, on behalf of the Republic of Austria.
A finance app for the Republic of Austria in six months? We made it in five.
Technology
Spring Boot, Java, TypeScript, Angular SPA, Next.js, PostgreSQL, Elasticsearch.
All components are configured using Helm charts and run with high availability on an OpenShift Kubernetes cluster.
5 months
development time
100,000
users after 1 year
€3 billion
invested after 1 year
Starting Point
The year is 2002. The euro has just replaced the schilling. Eminem and Las Ketchup dominate the charts, and the internet is slowly entering daily life.
Alongside polyphonic ringtones, more complex services start appearing online. One of them is Bundesschatz – a way to buy government bonds directly online. A small, driven dev team tackles the challenge. Their name? Irian.
Fast-forward 22 years. The Austrian Treasury Agency decides to rapidly modernize Bundesschatz from both a tech and UX perspective. Once again, Irian – now much larger but just as motivated – gets the job.
Development
In the past 20 years, user expectations and technical requirements have changed dramatically – and that’s a good thing. It keeps our work exciting.
With deep experience in finance tech, we focused on creating a highly secure, high-performance, and highly available application. Thanks to ID Austria integration, account setup takes just 60 seconds.
To meet the standards of a modern government product, we used a mix of technologies including Spring Boot, Java, TypeScript, Angular SPA, Next.js, PostgreSQL, and Elasticsearch. All components run in OpenShift and are managed via Helm charts.
„Our long-standing expertise in Identity and Access Management and KYC enabled rapid and efficient implementation."
Result
In spring 2024, Finance Minister Dr. Magnus Brunner and OeBFA CEO Markus Stix presented the new Bundesschatz.
After just five months of development, the web app and admin interface – including payment processing via the Austrian National Bank – launched on time. Within one year, more than 100,000 customers had invested over €3 billion.
This success isn't just about numbers – it’s reflected in enthusiastic customer feedback. As Philip Rosenthal once said: “Anyone who stops improving has stopped being good.” We agree. That’s why we’re continuously shipping updates, expanding features and the user base – all while maintaining top-tier security, performance, and usability.
„Bundesschatz was delivered with record speed and exceptional quality thanks to Irian’s proactive, solution-oriented approach."
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