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Revitalizing Financial Software for Enhanced Compliance and Performance

  • New York
  • Financial Services
  • 18 Weeks
  • B2B
  • .NET, React, Azure, SQL Server, Kubernetes

Project Brief

The project intended to rescue a crucial financial software system, improving compliance and performance and supporting the company’s growth goals.

Client Background

The client is a big financial services organisation headquartered in New York that provides a variety of investing and banking services. The company required a comprehensive IT solution to ensure regulatory compliance and operational effectiveness.

Key Challenges:

The current software regularly failed compliance assessments owing to insufficient data management and security controls.
Performance concerns resulted in sluggish transaction processing times, which impacted consumer satisfaction.
Integration with third-party banking systems was challenging, resulting in data discrepancies.
The software's design was out of date, making it impossible to add new features or scale as the firm grew.
User interface difficulties resulted in significant mistake rates and inefficiency among employees.
Real-time data processing skills were insufficient, which is critical for financial transactions and reporting.
The absence of automated procedures raised the administrative strain on employees.

Solution:

1. Discovery and Planning

We began by doing a thorough review of the existing software and regulatory requirements. Stakeholder meetings and system audits were held to gather information and develop a thorough rescue strategy.

2. Development

The product was re-engineered using a current technology stack that included.NET for the backend, React for the frontend, and Azure for cloud deployment. This delivered strong speed, improved security, and scalability. Secure APIs permitted integration with third-party systems.

3. Implementation

The implementation was done in stages to minimise inconvenience. Employees received training to help them adjust to the new system. Ongoing help was offered to handle any concerns that arose after the deployment.

Tools & Technology Used

.NET

Programming Language

React

Frontend

Azure

Cloud Services

MySQL

Database

Kubernetes

Containerization

Features:

Robust Compliance

Comprehensive compliance elements have been included to assure conformity to financial regulations and reduce audit failure rates.

High Performance

Optimized the software architecture to speed up transaction processing and increase overall system performance.

Secure Integrations

Created secure APIs for easy interaction with third-party financial systems, assuring data consistency.

User-friendly Interface

Designed a user-friendly interface using React to reduce errors and increase productivity.

Values Delivered:

Achieved 100% compliance with regulatory requirements, eliminating audit failures.
Improved transaction processing times by 50%, enhancing customer satisfaction
Streamlined processes and reduced administrative workload by 35%.
Provided a scalable architecture to support future business growth.
Simplified interface increased user productivity by 30%.
"The software project rescue executed by the team has transformed our financial system. The improvements in compliance, performance, and user experience have been remarkable, enabling us to better serve our clients."

jay Haste

Founder

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