Case Studies

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Lightpoint financial technology is an accounting platform that uses the latest software design and infrastructure technologies to provide a comprehensive solution for their clients. Their services include market data services, security mater, portfolio management, order management, trade execution, compliance reconciliation and client reporting.

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Industry

Fintech

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Services

Web Application

Mobile Application

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Technologies

Microsoft .NET

PWA

Microsoft WPF & WCF

Glue42

Spring

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Key Findings

Due to LightPoint’s need for the latest technology, they faced a major challenge in revamping their systems. When they reached out to us at Techverx, our key findings were:

  • Lack of Mobile-Friendly services
  • Manual customization
  • Manual Set up for day to day operations (i.e Data entry)
  • System backed by WPF and WCF
  • Technical debt (Unidentified functionality)
  • Functional Debt (Scattered Information)
  • Lack of set expectations
  • No strategy
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Problem Statement

LightPoint hired us for team augmentation services. They believed in immediate solutions using quality resources and team augmentation was the ideal pick. We have excelled in providing our clients with the best team augmentation services including highly skilled professionals to fulfil their specific business needs.
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They wanted to revamp their legacy systems, which were backed by WPF and WCF that were only beneficial for windows.
They lacked mobile friendly services since their systems were old but their customers were using leading technologies.
They wanted their systems to be transitioned without disrupting their current operations.
At the time of customer/client onboarding they had to perform customizations manually.
Their day to day operations were also done manually.
They wanted frequent code deployments to improve their systems frequently and acquire a reliable delivery process.
Their system was in technical debt, they provided us with 30% of the information and the rest we had to understand on our own.

Possible Solution

Due to LightPoint’s need for the latest technology, they faced a major challenge in revamping their systems. When they reached out to us at Techverx, our key findings were:
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Currently: We’re focusing on their maintenance,feature scoping, feature development and assisting them in making data driven business decisions.

1

Our first step was understanding the system layer by layer. We used reverse engineering to understand the high level systems, used infrastructure diagrams and data flow diagrams using event storming to map the user story and also used example mapping. All of this was done with the help of the Miro tool. Then we documented the system with the help of a domain expert who helped us identify the problems.

2

As we developed our knowledgebase, our understanding of the system improved. To ensure that their operations weren’t disturbed during transition, we used the modular approach to change their system. Using one module at a time, we updated and upgraded their system to new standards.

3

During this step-by-step process we presented the client with a strategy on how to proceed further and took their approval at the start of each step. This helped us understand the system on a high level and present the client with realistic expectations and if there was any gap, we filled it through coding and proper documentation.

4

During this process of gradual change we made their systems mobile friendly by enabling MDS (Market Data Services) to support multiple data collectors. They use the following data collectors: FACTSET, SixFiancials and Bloomberg.

Results

With the help of the right tools and technologies, We helped upgrade LightPoint’s applications

  • They were able to complete their development process with the best cost-cutting team augmentation services
  • Mobile friendly application and state of the art systems
  • Complete automation of everyday operations and customizations
  • Streamlining of systems led to increased customer retention
  • There is an increase in the number of new users
  • LightPoint is just steps away from getting to the next engagement level with the stock markets

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