Developing Application for Fintech

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Developing Application for Fintech

Case Studies

Client background: Leading provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity.

Business Challenge

  • Code of Ethics (COE) module is additional functionality integrated into the Compliance Alpha platform. COE provides a firm’s compliance departments with the ability to electronically manage code of ethics.

  • Challenges in converting existing manual procedure of handling the trade requests to web-oriented platform

  • Implementing the Rule book of accepting, rejecting or resolving trades as a Rule Engine to generate item of interests

  • Minimize the human efforts by clearing most of the trade requests based on rules and highlight only those scenarios which requires additional review/action

Business Solution

  • Created robust and scalable architecture to enable rapid development and add more components as the product matures and scales

  • Use Micro services to ensure single responsibility pattern along with easier deployment. Instead of making a microservice for the Action Request Center (all preclearance) and another for all post or backend process, we’ll put all Trading into its own microservice.

  • Use Docker tool for better deployment

Business Benefits

  • Scalable and robust application

  • Decreased costs to run/host the product in the cloud

  • Increased productivity through minimized  human intervention

Environment

  • Docker

  • Micro services

2020-03-18T19:33:25+05:30
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