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Development of Online Foreign Currency Exchange Platform
  1. case
  2. Development of Online Foreign Currency Exchange Platform

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Development of Online Foreign Currency Exchange Platform

shaligraminfotech.com
Financial services

Challenges

The client requires a secure and reliable online platform for foreign currency exchange to meet the growing demand from individuals and businesses engaged in international transactions. Current solutions may lack user-friendliness, real-time data, and comprehensive features needed for efficient currency trading.

About the Client

A company seeking to provide a platform for individuals and businesses to trade foreign currencies for international trade, travel, and investment.

Objectives

  • Develop a user-friendly online platform for buying and selling foreign currencies.
  • Provide real-time foreign exchange rates and market data.
  • Ensure secure transactions and protect user financial information.
  • Support multiple currencies and trading pairs.
  • Offer a scalable platform to accommodate future growth.

Functional Requirements

  • Real-time currency exchange rates.
  • Secure user registration and login.
  • Buy and sell foreign currencies.
  • Account management (deposits, withdrawals, balance).
  • Transaction history and reporting.
  • Multi-currency support.
  • User authentication and authorization.
  • API for integration with other financial systems.

Technology Stack

Asp.Net MVC
C#
SQL Server

Integrations

  • Payment gateways (e.g., Stripe, PayPal)
  • KYC/AML compliance services

Non-Functional Requirements

  • High availability and scalability.
  • Secure data encryption.
  • Performance optimization for fast transaction processing.
  • Robust security measures to prevent fraud.

Business Impact

The successful development of this platform will enable the client to expand its market reach, attract new customers, and generate revenue from foreign exchange transactions. Improved efficiency and accuracy in currency exchange will also enhance customer satisfaction and strengthen the client's reputation.

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