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Development of a Mobile Stock Trading Application for Regional Investors
  1. case
  2. Development of a Mobile Stock Trading Application for Regional Investors

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Development of a Mobile Stock Trading Application for Regional Investors

qarbon.it
Financial services
Information technology

Challenges Faced by a Fintech Startup in the Middle East

A visionary fintech startup in the Middle East identified a gap in the market for a user-friendly, commission-free mobile stock trading application tailored to investors in Saudi Arabia, Kuwait, UAE, Qatar, Bahrain, and Oman. The startup faced the challenge of rapidly developing and launching a secure and reliable platform while addressing the need for Arabic-language support and building trust with investors.

About the Client

A Middle Eastern fintech startup focused on empowering investors with a user-friendly mobile trading platform.

Project Objectives

  • Develop and launch a mobile stock trading application available on iOS and Android platforms.
  • Provide a commission-free trading experience for users.
  • Integrate real-time market data from multiple sources.
  • Ensure regulatory compliance in the UAE (Dubai Financial Services Authority).
  • Develop a user-friendly interface with Arabic language support and localized content.
  • Achieve 100,000+ app downloads and positive user reviews within the first year.
  • Establish trust and confidence among Arab investors.

Functional Requirements

  • Real-time stock quotes and market data.
  • Commission-free stock trading.
  • Portfolio management tools.
  • Arabic language support and localized content.
  • Educational resources and market news.
  • Secure login and multi-factor authentication.
  • Regulatory compliance features (e.g., KYC/AML).
  • Order placement and execution functionality
  • Account management (deposits, withdrawals).

Preferred Technologies

Java
Flutter
React Native

Integrations Required

  • Data feeds from financial data providers (e.g., IEX, Alpha Vantage).
  • Payment gateways for deposits and withdrawals.
  • Regulatory APIs (e.g., Dubai Financial Services Authority).
  • Stock exchange APIs (e.g. SEC DriveWealth).

Key Non-Functional Requirements

  • Scalability to handle a large number of users.
  • High performance and responsiveness.
  • Security to protect user data and financial transactions.
  • Reliability and availability.
  • Cross-platform compatibility (iOS and Android).

Expected Business Impact

The successful launch of this application is expected to empower Arab investors, increase financial inclusion, and position Qarbon IT as a leading fintech provider in the Middle East. The app will foster greater confidence in the financial markets and drive user growth, ultimately contributing to the economic development of the region.

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