{"id":40289,"date":"2022-05-18T21:59:36","date_gmt":"2022-05-18T19:59:36","guid":{"rendered":"https:\/\/intellias.com\/?p=40289"},"modified":"2024-01-09T14:13:37","modified_gmt":"2024-01-09T13:13:37","slug":"multiplying-trading-potential-with-innovative-data-driven-platforms","status":"publish","type":"post","link":"https:\/\/intellias.com\/advanced-online-banking-with-data-driven-trading-tools\/","title":{"rendered":"Multiplying Trading Potential with Innovative Data-Driven Platforms"},"content":{"rendered":"

Business challenge<\/h2>\n

As finance becomes closely integrated with technology, innovative investment banking unlocks vast opportunities by offering streamlined digital products and user experiences. One of our clients is Europe\u2019s leading online financial and trading services provider, with over 400,000 customers. They can access 20+ global stock exchanges using their own performant and secure tools. With offices in the world\u2019s top financial hubs, the bank offers best-in-class financial services and tailored investment options.<\/p>\n

To address growing customer demand for trading and investment banking, our client planned to advance their product portfolio with new solutions to bring wealth management to the next level. A lack of engineering resources prompted them to look for a credible technology partner with relevant expertise. After analyzing feedback from industry players, our client chose Intellias to implement their extensive product roadmap. With broad experience in financial services consulting and development<\/a>, we scaled our client\u2019s engineering teams and delivered customized data-driven tools for secure investment banking and trading.\"Multiplying<\/p>\n

Solution delivered<\/h2>\n

Purpose-built features<\/h3>\n

One of the first products we built was a know your customer (KYC) module to verify a user\u2019s identity and establish a secure business relationship. With the ongoing Brexit process, we had to account for changing banking regulations for British nationals. Integrated prospect verification allowed our client to speed up customer onboarding while meeting stringent risk assessment and anti-money laundering (AML) policies in Europe and other parts of the world.<\/p>\n

Next, we implemented a full spectrum of online banking services using the latest FinTech innovations, including retail trading, Forex mortgages, savings accounts, crypto assets, and robo-advisory. The latter employed AI algorithms to detect trends and forecast price directions for customers. This helps them automate investment operations by relying on digital financial advisors, requiring little to no human involvement. These services composed an encompassing trading platform with exhaustive analysis and charting tools to streamline effective decision-making.<\/p>\n

We successfully integrated our client\u2019s CRM software into this new digital banking<\/a> ecosystem. Setting up a resilient data infrastructure was crucial in upgrading their internal processes to establish enhanced customer management, document processing, and reporting operations.<\/p>\n

Behavior-driven development<\/h3>\n

Intellias engineers leveraged the behavior-driven development approach during feature design, focused on aligning user experiences with business goals. This Agile technique assumed close interaction among all stakeholders, so we maintained a constant feedback loop with managers and end users to clarify product requirements. This helped us avoid feature bloat by delivering only necessary and usable functionality.<\/p>\n

After conducting behavior-specific tests, we outlined executable scenarios to verify product quality. To relate business purposes to specific product features, we generated user stories that communicated expected behaviors to teams for implementation and testing. Effective use of continuous integration environments allowed us to deliver high-quality products on time and with maximum value for our client and their customers.<\/p>\n

Cross-functional squads<\/h3>\n

We employed the Spotify model to enhance team agility and productivity by driving autonomy, communication, accountability, and quality. To do this, Intellias engineers formed four squads, each focused on one specific feature area and guided by a technical lead and a product owner. Having outlined our key values as working software, self-management, collective code ownership, transparency, and welcoming change, we shaped a trustful relationship with our client\u2019s stakeholders.<\/p>\n

Each product squad possessed cross-functional knowledge to autonomously fulfill assigned responsibilities when building a specific functional area:<\/p>\n