Logo
  • Cases & Projects
  • Developers
  • Contact
Sign InSign Up

Here you can add a description about your company or product

© Copyright 2025 Makerkit. All Rights Reserved.

Product
  • Cases & Projects
  • Developers
About
  • Contact
Legal
  • Terms of Service
  • Privacy Policy
  • Cookie Policy
Development of a Secure Multi-Currency International Payment and Trading Platform
  1. case
  2. Development of a Secure Multi-Currency International Payment and Trading Platform

Development of a Secure Multi-Currency International Payment and Trading Platform

tatvasoft.com
Financial services
Commerce
Business services
Legal

Challenges Faced by Financial Institutions in Managing Secure International Payments and Forex Trading

The client faces difficulties in providing a secure, reliable, and scalable platform that enables international currency trading and payments. Key pain points include ensuring data security during transactions, maintaining 24/7 platform availability with integrated support, simplifying connection setup for users, supporting multiple currencies and languages, managing multiuser access with security controls, enabling quick rate quotes, and complying with regulatory standards, all while reducing operational costs and increasing market competitiveness.

About the Client

A midsize financial institution specializing in foreign exchange and international payment processing, seeking to enhance its digital trading and payment infrastructure.

Goals for Building a Next-Generation Forex Trading and Payment Platform

  • Develop a secure, scalable trading platform supporting real-time foreign exchange transactions with high security standards.
  • Ensure continuous platform availability 24/7 with integrated live support and multi-channel contact options.
  • Implement user-friendly onboarding processes and multi-language website interfaces supporting over 34 currencies.
  • Incorporate multiuser account management with role-based security levels and transaction controls.
  • Enable instant currency quotes and automated order execution based on predefined market limits.
  • Support comprehensive transaction history, statement generation, and report analytics.
  • Integrate third-party payment gateways with multi-layer security measures.
  • Ensure compliance with relevant financial regulations and security standards to mitigate vulnerabilities.

Core Functionalities and Features for the Forex Payment System

  • Account management: view balances, amend payees, manage user profiles and transaction templates.
  • Trade execution: buy/sell currency with support for market orders, limit orders, and approval workflows.
  • Trade history: view, filter, and download open, settled, and rejected trades in CSV/PDF formats.
  • Quote management: provide instant forex rate quotes, retain rejected quotes for re-selection.
  • Batch trading: enable multiple simultaneous currency trades involving diverse payees.
  • Payment processing: integrate with secure third-party payment gateways, support batch uploads, and manage approval workflows.
  • Account security: enforce login restrictions, two-factor authentication, and role-based access controls.
  • Compliance and validation: verify identities with document uploads, validate bank details, and enforce trade/payment limits.
  • Reporting and analytics: generate over 20 comprehensive reports on account balances, profit/loss, bank statements, and more.
  • API integrations: incorporate 25+ third-party APIs for email, SMS, validation services, and market data.
  • Configuration and settings: flexible management of currency, fee structures, trade timings, and access controls.

Technology Stack and Architectural Preferences for the Platform

Microsoft.NET framework for core application development
SQL Server for database management
Windows Server for hosting and deployment
Secure API development for third-party integrations
Role-based security and multi-factor authentication mechanisms
Responsive web architecture supporting multi-language interfaces

External System and Payment Gateway Integrations

  • Third-party payment gateways with secure transaction APIs
  • Banking systems via protocols like FIX for live trading
  • Validation services for email, SMS, address, and bank details
  • Communication APIs for email and SMS notifications
  • Market data providers for real-time forex rates

Performance, Security, and Compliance Standards

  • System must support high concurrency with low transaction latency to enable real-time trading and payments
  • Implement multi-level security protocols including two-factor authentication and role-based access control
  • Ensure platform uptime of 99.9% with redundancy and disaster recovery plans
  • Adhere to strict data security and compliance standards relevant to financial institutions
  • Capability to process multiple transactions simultaneously without duplication or errors

Projected Business Benefits from the Forex Trading and Payment Platform

The implementation of this platform is expected to significantly enhance operational efficiency, reducing costs through automation and streamlined workflows. It will improve market responsiveness via instant quotes and automated trading, support over 34 currencies and multiple payment types for increased flexibility, and ensure regulatory compliance. These improvements will position the client as a more competitive and secure provider of international foreign exchange and payment services, leading to increased customer satisfaction and market share.

More from this Company

Advanced Digital Media Distribution Platform with Automated Workflow Management
Enhancing User Engagement and Content Accuracy in a Cultural Dining Platform
Development of a Comprehensive Digital Records Management System for Public Safety and Law Enforcement Agencies
Development of a Real-Time Biomechanical Data Capture and 3D Visualization System for Sports Performance Analysis
Unified Digital Signage Management System for Enhanced Brand Visibility and Operational Efficiency