The post trade valuation product which the big investment banks had access to could not handle large portfolios and trade volumes which resulted in business losses. There were flaws that needed to be addressed and tested on a regular basis to assure quick delivery and complex transactions could be handled by the technology. The lack of domain expertise on the team could not assist in identifying, solving, or scaling the product to handle big volumes and decrease latency time experienced by the users.
The company partnered with PureSoftware to design, develop and deploy a new application that generated disclosures, RFI agreements and integrated with the existing KYC application. PureSoftware trained their teams with the new technologies needed in the product design to deployment to meet the product goals. By rigorous testing and handling huge data volumes using Apache Ignite, the changes in the application were proposed and implemented, resulting in speed and scalability.