A rapidly expanding financial technology provider operating in a heavily regulated environment faces difficulties in maintaining and updating its proprietary tax reporting platform amidst changing taxonomies and compliance regulations across jurisdictions. They lack sufficient in-house talent to support continuous feature evolution and compliance updates, risking non-compliance and operational inefficiencies. Existing modules hinder performance, restrict file sizes, and complicate maintenance, necessitating a scalable and secure platform upgrade without replatforming the current technology stack.
A large, globally operating financial technology provider specializing in automated tax reporting and regulatory compliance solutions for enterprise clients.
The project aims to enable continuous feature delivery and customization of tax report templates, directly supporting over 850 enterprise customers. The architectural redesign will facilitate easier maintenance and improved platform performance, resulting in significant resource savings—potentially hundreds of thousands of dollars—by avoiding costly replatforming. Automation of approximately 5,000 compliance validation tests is expected to reduce QA efforts by up to 90%, accelerating compliance updates and mitigating regulatory risks.