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Development of a Transaction and Integration Management Platform for Financial Service Providers
  1. case
  2. Development of a Transaction and Integration Management Platform for Financial Service Providers

Development of a Transaction and Integration Management Platform for Financial Service Providers

thecodest.co
Financial services
Fintech
Blockchain

Key Challenges in Seamless Transaction and API Integration Management

The client faces complex challenges in integrating with diverse external systems and managing secure API keys within a multifaceted platform ecosystem. They require a simplified and trustworthy interface for hosts to register, verify, and monitor transactions in real-time, while also providing access to educational resources and support, all within strict security and branding requirements.

About the Client

A mid-sized fintech company offering cryptocurrency solutions through APIs and SDKs, aiming to streamline transaction management and enhance platform integrations.

Goals for Developing an Integrated Transaction Management Solution

  • Create a unified platform that simplifies host registration, verification, and transaction monitoring.
  • Enable real-time transaction tracking and management functionalities.
  • Implement secure API key management and access controls.
  • Support custom branding options for clients’ interfaces.
  • Build scalable infrastructure to accommodate future feature expansion, such as liquidity management and invoicing.
  • Deliver the platform in phased releases to incorporate user feedback and ensure stability.

Core Functional Capabilities for the Transaction & Integration Platform

  • Host registration and user verification workflow
  • Real-time transaction display and monitoring dashboard
  • Secure API key creation, management, and access control
  • Custom branding options for client interfaces
  • Educational guides integration accessible within the platform
  • Customer support contact module
  • Extensible modules for future features such as liquidity management and invoicing

Technology and Architecture Preferences for Platform Development

TypeScript for frontend and backend development
PostgreSQL for database management
Agile development practices with iterative sprints
Automated unit and integration testing frameworks

Essential External System Integrations

  • APIs for external payment and transaction processing
  • Identity verification services
  • Secure API key management systems
  • Educational content and support ticketing systems

Critical Non-Functional System Requirements

  • System scalability to support increasing transaction volume
  • Real-time performance with minimal latency
  • High security standards for API keys and user data
  • Usability and accessibility compliance
  • Reliable uptime and disaster recovery capabilities

Projected Business Benefits and Success Metrics

The new platform will streamline host onboarding and transaction management processes, reducing onboarding time and operational friction. It aims to increase transaction transparency and trust, improve customer satisfaction through a unified interface, and support future expansion into new services, ultimately leading to higher platform adoption and revenue growth through improved user engagement and operational efficiency.

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