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FDA Operator

Australian investment management product that serves to organize professional management of different securities and assets

Solution:

Financials Solutions

Industry:

Investment Banking & Brokerage

BUSINESS CHALLENGE

weaknesses

  • The need to develop and implement many statistical methods
  • Creating algorithms for processing a large amount of information
  • Increasing the speed of calculations

strengths

  • The online-platform for investing in the fastest and the most convenient way
  • Ample investment opportunities
  • The opportunity to buy stocks for risk minimization, for counting incomes of holdings of the chosen shares
  • The opportunity to invest online from anywhere in the world

PROJECT DESCRIPTION

FDA Operator is an Australian financial operator, which offers a number of managed account, client portfolio and administration services to financial planners, advisors and other AFS licensees and their Clients. The goal of the project was the creation of the online-platform for investing in the fastest and the most convenient way.

Computools worked on the development of application FDA Operator, the financial instrument intended for capital investment in deposit and securities. Financial instruments in the project are the stocks of the local Australian and large global companies and profitable deposit programs of banks. Investing online is available from anywhere in the world. With the help of this web application, the investor has an opportunity to buy financial instruments calculating incomes and risks. Besides, he has the opportunity to buy stocks for risk minimization, for counting incomes of holdings of shares he has chosen, for tracing of the market data for the past period.

Outcome

Close cooperation with the customer made it possible to more fully understand the requirements and needs during the project. The chosen methodology significantly accelerated the speed of developing a web application and allowed us to complete all the tasks at a high level of quality.
In the first months after the introduction of the new application and services, the Customer noted a rapid expansion of their customer base and high-profit growth. Subsequently, maintenance and support were offered to provide web application with necessary updates.

Digital Platform & Technology

Digital platforms and project technologies are determined by the tasks that need to be performed and the functions that should be in the finished product. Large-scale projects require an integrated approach and many solutions. We are always ready to satisfy all requirements.

Communication Framework

To communicate with the client, we always build a convenient communication system that takes into account the features of cooperation and is suitable for all participants. For this project, Skype was chosen as a way of communication for conferences, discussions and quick decision-making. To exchange information, an email was used.

Communication:

Specification

The specification is created at the design stage of the project. It is a list of project activities to be completed. Thanks to the preliminary specification, the project work is carried out according to the already drawn up plan, and the final specification is formed at its end.

Goal - Create an application for managed account services and investment advisory.

Precondition There is a task to buy 100 stocks of a particular company.

Main Flow For risk diversification, it is possible to create a custom basket of products, consisting of 50 shares of company A and 50 stocks of company B.


Postconditions The client has the maximal range of investment instruments with the ability to calculate the risks and incomes to gain profit with the ease of operation.

TEAM

A team is formed individually for each project. The team of experts was assembled to successfully complete this project. Each specialist has the necessary skills, knowledge and experience to ensure the high quality of performed work. Throughout the project, the productivity and effectiveness of the entire team are constantly maintained.

BACKSTAGE

The key to successful work on the project is the constant maintenance of the effectiveness and productivity of all team members. To do this, we hold various meetings, practice brainstorming and other methods of creating innovative solutions and troubleshooting.

Dev meetings

At developer meetings, our employees share experiences and their project successes. This helps to see and evaluate the work from the outside. In some cases, the exchange of experience helps to find the best solution for the next section of the project.

Team Brainstorming

The brainstorming sessions help our engineers to find a really innovative solution. They stimulate creative activity and each participant has an opportunity to offer as many options as possible, including the most fantastic ones. It helps to hit the necessary ideas and solutions.

Feedback

After finishing a large part of the work we conduct team discussions and arrange feedback sessions. Thanks to exchanging opinions and emerging ideas, our developers find truly innovative solutions, improving their personal efficiency and the efficiency of the entire team.

Internal Communication Flow

The internal communication of the team was conducted through Skype. In a working chat, current issues were discussed, necessary meetings were held and urgent issues were resolved. To manage the project, Trello was selected, allowing the Project Manager to distribute tasks, monitor their implementation and status.

Project Management Methodology

To work on the project, the optimal methodology is selected, which determines how the code will be developed, tested and released. For this project, Scrum, a flexible agile methodology, was chosen.
Scrum addresses complexity in work by making information transparent, so that people can inspect and adapt based on current conditions, rather than predicted conditions.ransparency of common terms and standards is required in Scrum development to ensure that what is being delivered is what was expected. Frequent inspection ensures progress and detects variances early on so that adjustments can be made quickly. The most common Scrum events for inspection and adaptation are: Sprint Planning, Daily Scrum or "Stand Up", Sprint Review, and Sprint Retrospective.

PROJECT TIMELINE

01

CONSULTING

Defining goals
  • Identifying high-level project goals
Analysis & Exploration
  • Researching and analyzing the existing and ready-made solutions
  • Defining main restrictions and providing solutions for them
  • Identifying the main risks
02

Product DESIGN

High-Level Architecture
  • Selecting basic architectural patterns and tools
  • Forming an application stack, work processes with VCS
  • Forming the main development guidelines
Interactive Prototypes & Specification
  • Development of a prototype in parallel with specification
  • Choosing Project Management Methodology
Development Flow
  • Development Methodology.
03

Product Engineering

Build The Team
  • Making the initial scope based on the specification and estimate, calculating the optimal number of specialists for each role
  • Adding executors to the team's core
  • Conducting an intro meeting
Development
  • Distribution of tasks among team members, execution and completion
  • Introducing the necessary functions into new pages, applying edits to existing ones
  • Final refinement and implementation of page design
Testing & Stabilization
  • Developing a testing plan
  • UI & Unit testing
  • Applying improvements
  • Code stabilization/refactoring, increasing system stability, reducing the probability of bug emergency
  • Continuous Maintaining & Support

Scan QR code to find
code sample

Implementation On Client’s Side

1.

Launch

The launch of ready-made services was carried out in accordance with the agreed plan. Since the development was divided into stages, the launch also took place in stages. After each stage, additional tests and checks were carried out.

2.

Transfer

Transfer to the customer’s servers was carried out in stages as well. All actions were agreed on both sides, thanks to which the tasks were completed quickly and without delay. After the transfer was completed, tests were conducted confirming the performance of the developed pages and services.

3.

Education

Educational videos and tutorials were not required for this project. The intuitive design and simple functionality that fully meets the requirements of customers make the use of the service simple and understandable to any user.

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