Industry
IT and Software Services
Technology
Java 8+, Spring, Rest, Jenkins, Maven, GIT, SQL, Linux(Centos), Apache, Tomcat, TCP/IP protocols, Vmware solutions and other virtualization technologies
Timeline
Long-term

The Client

The Client is a leading global company that provides credit information services, decision-making systems, and solutions for financial services. The company offers services to both retail clients and banks.

Project Scope

The project required a team of 40 individuals consisting of developers, quality assurance engineers, project managers, and business analysts. Each team member played a vital role in the project’s success. The team comprised Senior Java Developers, Business Analysts, DevOps engineers, IT administrators, helpdesk specialists, and other IT professionals with varying levels of seniority. Each developer had specific tasks and responsibilities: coding, testing, deployment, and maintenance.

What differentiates this project is its long-term cooperation, customer trust, faster responsiveness in recruitment processes, and the possibility to transfer specialists between internal client projects. The project also provided opportunities to work with new technologies and the latest versions of frameworks. The project allowed for 100% remote or partly remote work depending on the tech area, providing flexibility for team members to work from anywhere in the world.

The project involved:

  • Developing software to perform various tasks regarding verifying clients’ credibility using various parameters. 
  • Scanning global databases for loans and debts taken abroad
  • Verifying financial institutions. 
  • Tracking operations on stolen credit cards. 
  • Modernizing legacy systems and incorporating new features to enhance the user experience

Business Challenge

The main business challenge in the project was to deliver high-quality code that met the client’s needs while keeping costs low. Every company that provides credit information and risk management solutions to banks and other financial institutions has a complex set of requirements that needs to be addressed by the development team with extra care.

One of the main challenges was ensuring that the software solutions delivered by the team could verify the credibility of clients quickly and accurately. The tasks involved developing systems that could scan databases and other sources of information to determine whether clients or agents had any outstanding debts or credit issues. The team also had to ensure these systems were secure and compliant with relevant regulations, such as GDPR.

Another challenge was to develop systems that could track the movement of stolen credit cards across the internet, including the dark web. This required the team to develop sophisticated algorithms to detect online transaction patterns and identify potential fraud cases. The team also had to ensure that these systems could handle large volumes of data and operate in real-time.

The team also needed to modernize legacy systems and develop new functionalities for Clients’ existing software. It involved working with various programming languages, frameworks, and testing tools to ensure the new functionalities were robust and reliable.

Finally, the development team had to work closely with the Client’s internal IT team to ensure that the new software solutions could seamlessly integrate into the company’s existing systems. Close collaboration with IT administrators, helpdesk specialists, and front-end developers was crucial to ensure the systems were easy to use and manage.

The Effect

  • One of the most significant benefits was cost savings. The Client’s software and systems helped streamline and automate many processes, reducing the need for human resources and decreasing operational costs.
  • In addition to cost savings, the team’s work simplified various other internal processes. For example, developing KYC checks and other financial solutions helped reduce the time and effort required to verify the credibility of clients and agents. This simplified process resulted in faster onboarding of new clients and agents, which helped to improve the overall user experience.
  • One of the essential business effects was the faster implementation of new solutions and technologies. The development team was able to work quickly and efficiently, using agile methodologies and the latest tools and technologies to deliver new features and enhancements on time. This allows the Client to stay ahead of the competition and remain at the forefront of the industry.

Our work on the project positively impacted the company’s bottom line, operational efficiency, and ability to stay ahead of the competition. By delivering cost savings, simplifying processes, and enabling the faster implementation of new solutions and technologies, the team helped to ensure Clients’ continued success and growth.

See also

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