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SAAS BASED EXCHANGE PLATFORM
Case study of project for a financial services firm
OVERVIEW
• A financial firm partnered with Atlas Systems to build almost real time
SaaS based exchange platform.The Client...
BACKGROUND
• The client proposed to build an innovative, cutting edge technology
platform with a flexibility to scale up o...
CHALLENGES
• The key drivers for development are:
• Inability of the existing platform to scale up to support the increasi...
SOLUTION
• The client collaborated with Atlas to build a platform to address
the challenging requirements.As part of the e...
SOLUTION
• The platform was architected in a layered manner so that it can be customized and deployed at multiple
customer...
RESULTS
• Atlas’s global delivery model coupled with strong customer-centric approach, impressive
array of processes & met...
RESULTS
Web Server &
Application
Server
Web Browser
Application
IntegrationData Sources
External
Agency
(Compliance)
XML
(...
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Atlas Systems case study

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  1. 1. SAAS BASED EXCHANGE PLATFORM Case study of project for a financial services firm
  2. 2. OVERVIEW • A financial firm partnered with Atlas Systems to build almost real time SaaS based exchange platform.The Client is a prominent market leader and provider of Enterprise Compliance technology solutions to financial services industries. • To maintain its competitive edge, market position and to resolve existing platform issues the client undertook an initiative to develop a SaaS based product that could support over 600,000 users and increasing complexities of its business. • Atlas performance driven development approach combined with powerful SaaS technology helped the client’s platform not only successfully achieve but go beyond the stringent performance targets.
  3. 3. BACKGROUND • The client proposed to build an innovative, cutting edge technology platform with a flexibility to scale up or down as needs change, enabling them to respond rapidly to market evolution. • Besides these criteria, they also wanted to achieve all their major business compliance objectives painlessly and allow broker dealers to streamline their licensing and registration processes. • The objective of the platform was to develop a very scalable solution which can handle over 600,000 users, integrate data with the FINRA, NIPR and Customer systems and productize architecture so multiple Customers can use with minimum customization.
  4. 4. CHALLENGES • The key drivers for development are: • Inability of the existing platform to scale up to support the increasing customer base • Inability of the platform to handle complexities and satisfy the new requirement of the business • The challenges faced with the existing platform to support a very large number of simultaneous users growing exponentially year after year • Reducing the total cost of ownership of the platform • Improving the capability to handle business continuity and disaster recovery • This necessitated the need to partner with an IT services vendor that would work in close collaboration with its staff, strictly adhere to internally prescribed development standards and processes, and to ensure timeliness of all deliverables based on pre-defined SLAs, at competitive rates.
  5. 5. SOLUTION • The client collaborated with Atlas to build a platform to address the challenging requirements.As part of the engagement,Atlas used a proactive and holistic performance driven development approach to amplify the performance and scalability of the application. • Atlas was uniquely positioned to address the Customer's challenges due its proven delivery & technical capabilities. • The approach involved an agile software development model, the key activities which included working closely with domain experts from customer;Atlas team designed & developed the product using following technologies – • MS .Net Framework, C#,VB6.0,ASP, HTML, JavaScript, XML, XSL, SharePoint 2007, BizTalk Server, Oracle 10g, MS Reporting Services 2005,Web Server: IIS5.0/6.0, Infragistics controls for UI
  6. 6. SOLUTION • The platform was architected in a layered manner so that it can be customized and deployed at multiple customer sites and is scalable to support thousands of users. Other features of the platform are - • Developed using events & rule based architecture • Configurable Roles & Workflows to support organization’s business rules • Automatic regulatory and firm-specific data validations • workflow-driven capabilities that allows firms to meet the full life-cycle requirements for registered representative and insurance agent compliance • Customizable database enables one unified view of the producer’s insurance, securities, CE and demographic information • Real-time filing status and custom event-driven notifications • Data synchronization with back-office operations and CRD ensures up-to-date producer records across your enterprise • Data reconciliation services compare producer data, including demographic, licensing and appointment data, to the state record contained in the NIPR Producer Database (PDB). • Reporting services generate all types of compliance, management and exception reports as well as the ability to create custom ad-hoc reports • Single Sign functionality as well as Document management using SharePoint • Atlas tested the product for multiple broker/dealers, leading insurance carriers, banks and other financial institutions – with different customization and usage scenario to ensure a very high quality & robust system.
  7. 7. RESULTS • Atlas’s global delivery model coupled with strong customer-centric approach, impressive array of processes & methodologies, offered customer a viable platform to comply with rigorous time-to-market commitments without incurring any cost overruns. • Other significant benefits to the Customer include: • Robust scalable architecture platform ready for future growth • Significant cost savings through leverage of Atlas's global delivery model • Time taken to data import was reduced by the factor of 10x • Annual Renewal cycle time is drastically reduced • Customer was able to onboard their Customers within 2 week cycle • Based upon their excellent experience, customer additionally engaged Atlas for: • Implementation Services for Customers clients • Product Configuration • Product Enhancements • Provide Deployment Support • Provide ongoing Maintenance Services
  8. 8. RESULTS Web Server & Application Server Web Browser Application IntegrationData Sources External Agency (Compliance) XML (Https) XML (Web Services) External Database H T T P S FTP (PGP) External Applications SMTP Users Event Processor Data Export Data Reconciliation with External Agency Automatic Document Creation XDB (Oracle) Reporting Server (SqlSever) Events (MSMQ) External Agency Integration for Compliance Emails Real Time External Application Integration Export/Import Interface Biztlk ServerReports UI Individual UI Manual Document Creation Lookup UI/ Build Query Security (User/Role Configuration) Data Audit UI Workflow Data Import Data Submit Engine Configurable Components Business/ Workflow Rules Validations Data Plug- Ins

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