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Enhancing Financial Services for a Leading Fintech Company with Custom Software Development

  • United States
  • Fintech
  • 5 Weeks
  • B2B
  • .NET Core, Angular, AWS, MS SQL

Project Brief

The project entailed establishing a sound financial management framework for a large-scale fintech firm to enhance the effectiveness of its services, clients’ satisfaction, and legal requirements.

Client Background

A Fintech firm based in the United States offers numerous services including personal financial advisory, payment services, and investment services.

Key Challenges:

Ensuring that the organization is equipped to deal with higher traffic of transactions and expansion of users.
Compliance with important financial rules like GDPR and AML (Anti-Money Laundering) laws.
Developing a unique user interface for the target population that includes individual investors and financial advisors.
Being able to connect and operate in harmony with a number of different third-party financial systems and APIs.
To guarantee that the platform is compliant with security standards to safeguard the data that is financial in nature.

Solution:

1. Discovery and Planning

In this case, we undertook a thorough market analysis to get a clear picture of the fintech industry and the client’s customer base. This phase involved engaging the stakeholders and analyzing competitors to identify the extent of the project and the key outputs. It is necessary to ensure the flexibility and scalability of the system, so it is designed using the microservices architecture. We used. NET Core for the backend since it is secure and reliable and Angular for the front end since it is more interactive.

2. Development

The development process that was employed was Agile since it enabled the improvement of the process in stages while receiving feedback from the client. Some of the features created include; user credential verification, instantaneous transaction handling, and business intelligence panels.

3. Implementation

To ensure that the platform is secure and performs well, we went through the testing phase which involved unit testing, integration testing, and security testing. The implementation was gradual to avoid much disruption to the client’s business and to allow for the identification of any issues that may arise.

Tools & Technology Used

.NET Core

Backend

Full Stack Development

Angular

Frontend

AWS Logo

AWS

Cloud Services

Software Development Services

MS SQL

Database

Features:

Secure Transactions

The platform has strong measures of security such as encryption and multi-factor authentication to ensure that the transaction is safe and the user information is safe.

Real-time Analytics

Real-time integrated analytics enables users to monitor their operations and investment status in real-time.

Compliance Management

Integrated compliance features enable the client to avoid non-compliance with financial standards, thus lowering the risk of non-compliance.

User-friendly Interface

The financial management of the users is also made easy through the platform, which is easy to navigate with personalized interfaces.

Secure Transactions

The platform has strong measures of security such as encryption and multi-factor authentication to ensure that the transaction is safe and the user information is safe.

Real-time Analytics

Real-time integrated analytics enables users to monitor their operations and investment status in real-time.

Compliance Management

Integrated compliance features enable the client to avoid non-compliance with financial standards, thus lowering the risk of non-compliance.

User-friendly Interface

The financial management of the users is also made easy through the platform, which is easy to navigate with personalized interfaces.

Values Delivered:

We enhanced security measures to reduce the risk of data breaches and fraud.
An intuitive user interface and real-time analytics were set up to improve user experience and engagement.
Automated compliance features were set up to ensure adherence to financial regulations.
The microservices architecture facilitated easy scaling to accommodate growing user numbers and transaction volumes.
Streamlined processes and real-time data access improved overall operational efficiency.

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