End-to-End Development of currency exchange service system

Development of a platform that allows users to transfer money between each other and exchange their assets

Country

Europe

Industry

Fintech

Timeline

04.2017-01.2020

Project Team

15 developers

ABOUT PROJECT

Financial project that allow to deal with the transfer of fiat funds and currency exchange. The users are offered to create various financial transactions directly from their personal accounts, process payments, and make money transfers to other persons throughout Europe. The history of transactions and payments allows you to flexibly track your financial transactions and watch your transaction statuses all the time.

50+

Asset pairs

10K+

Active users

8K+

Exchages per month

3+

Years on the market

THE CHALLENGE

Ensuring easy and complete access to fast exchange and delivery of fiat funds around the country is often a problem. The task is complicated by integrating many payment and banking systems. Our product aims to overcome these barriers by offering a streamlined end-to-end platform for all finance and exchange needs.

PARTNERSHIP GOAL

The client received the website for an electronic exchange system, fiat money delivery, and a CRM application. The application ensures the reliability and security of all aspects of the electronic exchange and delivery of fiat money. The system is flexible and scalable. This makes it easy to make changes, extend functionality, and adapt to the growing needs of the client’s business.

BEFORE

At the beginning of our cooperation, the company conducted all calculations in excel, there were quite a lot of problems in managing the entire workflow.

AFTER

The product provides full access to all necessary financial transactions for the exchange / delivery of fiat funds in European countries for both small and large capitals. Standalone applications for the convenience of interaction with the operator, CRM with a common ecosystem, applications.

THE TECHNOLOGIES WE USED IN THE PROJECT:

The firm came to us for outsourcing because they didn’t have an internal department for software development.

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WHAT WE DID

Creation of a flexible process management system.
Development of an advanced system for calculating rates based on liquidity.
Optimization of algorithms for searching for liquidity in the absence of liquidity at points of issue.
OWASP security integration and auditing.
Complete cloud environment with advanced CI/CD capabilities.

WHAT THE COLLABORATION Process Looks Like

1

Idea discussion

We discuss what goals your new software should achieve.

2

Business Analysis

We analyze the current processes and needs of your business.

3

Desired State Modeling

Our team ensures the improvement of the analyzed process.

4

Solution Design

Together, we approve the optimal solution to meet your needs.

5

Architecture Design

Our team comes up with how the software will look and operate.

6

Software Development

We create a solution step by step with constant quality control.

7

Product testing

We do quality manual and automated testing of products.

8

Product release

We are ensuring that all stages of development are completed for a successful release.

Implemented Features

Exchange rate analytics

The exchange rate management system we developed flexibly adapts to various third-party exchange services. This made it possible to establish more relevant exchange rates in relation to competitors and attract new customers to the system.

CRM

We have implemented a shared ecosystem that makes exchanging and transferring funds easy. This system simplifies the process of buying and selling currencies, provides order tracking, and facilitates reliable customer relationship management, all within a single user-friendly platform.