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Development of a Secure Online Currency Exchange Platform with Dynamic Analytics
  1. case
  2. Development of a Secure Online Currency Exchange Platform with Dynamic Analytics

Development of a Secure Online Currency Exchange Platform with Dynamic Analytics

shaligraminfotech.com
Financial services

Identified Challenges in Online Currency Exchange Solutions

The client requires an advanced web application to facilitate online foreign currency trading, addressing challenges such as real-time currency rate synchronization, secure handling of confidential transaction data, and providing an intuitive user experience. The platform must also support dynamic data visualization of trader commissions over varying time spans and ensure seamless integration with external currency data providers.

About the Client

A mid to large-sized financial technology firm aiming to provide seamless and secure foreign currency exchange services for individual and business clients, supporting international trade, travel, and investment activities.

Goals and Expected Outcomes for the Currency Exchange Platform

  • Develop a fully customized web application to support secure online currency trading for individuals and businesses.
  • Implement real-time currency conversion and synchronization of transaction data with external currency rate providers.
  • Design an easy-to-use, responsive user interface with fast transaction processing capabilities.
  • Enable comprehensive reporting functionalities, including dynamic analytics and trader commission charts over last 12 months, 30 days, and 6 weeks.
  • Achieve 100% customer satisfaction through intuitive design and reliable performance.
  • Guarantee high security standards for transaction and client data confidentiality.

Core Functional System Requirements for Currency Exchange Platform

  • Easy user registration and authentication modules.
  • Realtime currency exchange rate retrieval and conversion support for multiple currencies.
  • Secure transaction processing with encryption and confidentiality measures.
  • Integration with external currency cloud APIs for data synchronization.
  • Bulk data import/export options, including Excel support.
  • Commission calculation tools with dynamic data visualization (charts for last 12 months, 30 days, 6 weeks).
  • Automated revenue tracking and detailed reports.
  • Built-in task reminders and notifications for traders.
  • Payment gateway integration for seamless transactions.
  • Comprehensive transaction history logs with easy retrieval and export capabilities.

Preferred Technologies and Architectural Approach

ASP.NET MVC for web application development
Secure cloud-based data management
API-driven architecture for third-party integrations
Responsive web design for usability across devices

External Systems and APIs Integration Needs

  • External currency cloud APIs for real-time rate synchronization
  • Payment gateway services for transaction processing
  • Email services for bulk notifications and communications
  • Excel export/import functionalities

Essential Non-Functional System Attributes

  • High security standards to safeguard confidential data and transactions
  • System availability of 99.9% uptime
  • Fast transaction processing with minimal latency
  • Scalability to support increasing transaction volumes
  • Responsive and user-friendly UI across devices

Projected Business Benefits of the Currency Exchange Platform

By deploying this secure and feature-rich online currency exchange platform, the client can expect to facilitate seamless currency trading for users with real-time rates and dynamic analytics, leading to increased customer satisfaction and engagement. The platform aims to fully meet client needs, reduce transaction times, and enhance the security and accuracy of operations, ultimately improving revenue tracking and trader productivity while supporting scalable growth.

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