Our client, a prominent financial institution specializing in private trust management and investment services, sought to modernize its existing platform to meet the evolving needs of its clients. Facing challenges related to technical expertise, resource constraints, and regulatory compliance, the client partnered with Virtualemployee to leverage remote resource support tailored to their specific requirements.
Hours delivered back to the business
SOX compliance in Settlement process automation
Success rate of bot case completion
For functional release of OBT, RTS and OGS
Challenges Faced
1. Technical Expertise: The client lacked the in-house technical expertise required to develop and maintain a robust private trust management and trading platform capable of handling complex financial transactions.
2. Resource Constraints: Limited resources posed challenges in terms of staffing, budget constraints, and scalability, hindering the client’s ability to effectively address evolving client needs and market demands.
3. Regulatory Compliance: Ensuring compliance with stringent regulatory requirements and security standards was paramount for the client, necessitating expertise in regulatory compliance and cybersecurity measures.
Virtualemployee's
Solutions
1. Software Development Team: Virtualemployee provided a dedicated team of remote software developers with expertise in fintech solutions and financial software development. These professionals collaborated closely with the client’s internal teams to design, develop, and deploy a secure and scalable private trust management and trading platform.
2. Cybersecurity Experts: Remote cybersecurity experts from Virtualemployee were tasked with implementing robust security measures to safeguard the platform against cyber threats and ensure compliance with regulatory requirements such as GDPR and PCI DSS.
3. Quality Assurance Specialists: Virtualemployee’s quality assurance specialists conducted thorough testing and validation of the platform to identify and rectify any issues or vulnerabilities, ensuring that it met high-quality standards and performance benchmarks.
4. Project Managers: Remote project managers provided oversight and coordination for the project, ensuring that timelines were met, resources were allocated effectively, and project objectives were achieved within budget constraints.
Results Achieved
- Modernized Platform
- Enhanced Security
- Cost Savings
- Improved Efficiency
