The client, a pre-revenue fin-tech payments and mobile commerce start-up acquired the technology assets from another firm and wished to bring a new offering to market in the mobile commerce and payments space within a 9 month timeframe. The assets acquired, however, were limited by a number of architectural short-comings.
The client was running an obsolete FX trading platform that could not be updated or extended due to lack of source code. The client wanted to design a new scalable and robust platform from scratch which would support low latency trading. The source code would be fully owned by the client.
The client is working on building a software development kit for each mobile platform, as a service embedded into consumer apps and merchants’ systems, enabling more transactions and incremental value in a single ecosystem. The client had scheduled a qualified auditor from a PCI approved organisation to carry out a compliance audit to prove that the client was capable of handling card data management within their systems, processes and governance.
After 18 months of the launch of a new single-dealer platform (SDP), the client decided to review the strategy for e-commerce across all asset classes and business lines.