Financial Regulatory Platform
Financial Regulatory Platform
Overview
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Situation
- Difficulty in mitigating financial crimes caused by unauthorised and inappropriate trading activities.
- Manual and inconsistent methods of enforcing and verifying adherence to local and global financial regulation rules. Financial losses due to huge fines and reputational damages caused by regulatory violations.
Task
- Deliver a robust regulatory platform that provides a single source of truth and one-stop shop for enforcing existing regulations and seamlessly rolling out the deployment of new rules.
- Synergise deliverables from on-shore and off-shore teams.
Action
- Examined examined ways of working and persuaded segregated teams to work collaboratively and build cross functional teams.
- Analysed existing processes and proposed streamlined workflow solutions.
- Identified required technology solutions required to enable business goals
- Implemented and presented PoC based on required technology solutions.
Action:
Analysing functional requirements and actors
Action:
Streamlining business process
Action:
Identifying and designing required technology solution
Result
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Usability
Intuitive and transparent flows in the execution of complex business processes
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Reliability
Functional and technical event notifications that assure a predictable and dependable system.
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Extensibility and Reusability
Modularisation and abstraction of underlying implementation via APIs with well-defined bounded contexts
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Interoperability
Seamless integration and ease of discoverability achieved through RESTful HTTP interfaces