In the world of financial technology, where precision and performance are key, Centric’s fintech outsourcing project is proof of innovation and client-focused development. This project, designed for private investment banks and other financial institutions, has rapidly grown to manage assets worth over 101 billion, reflecting both its impact and the trust clients place in Centric's solutions.
Optimizing financial services with Centric’s fintech project
The project’s primary goal is to provide clients with robust tools to manage everything from account creation to complex financial transactions. This includes automated asset management systems that maintain portfolio balances according to specific financial models. The application's continuous development ensures that it remains at the cutting edge, with new features regularly introduced to meet both client demands and regulatory requirements. Centric’s proactive approach means they are constantly offering improvements, particularly in user interface and experience (UI/UX).
Tackling challenges in a complex industry
Developing such a sophisticated application is not without its challenges. One of the most significant difficulties has been integrating with external systems, such as other banks operating under different standards. Additionally, the team had to navigate the complexities of financial terminology and business knowledge, particularly for new team members who had to adapt to the nuances of financial markets and transactions quickly.
To ensure the application meets the high-security standards required in finance, Centric adheres to OWASP principles and benefits from hosting the suite on the banks’ servers, which adds additional security layers. Regular penetration tests conducted by the clients’ own software teams ensure any potential vulnerabilities are swiftly addressed.
Innovations that drive success
One of the project’s key innovations is the integration of real-time account balancing, a feature that enhances the application’s performance and sets it apart in a highly regulated industry where uniqueness is hard to achieve. Centric’s commitment to staying current with the latest technology trends ensures that its fintech solutions are not only effective but also ahead of the curve.
This dedication to innovation and performance has not gone unnoticed. During a recent demo, clients were surprised by a new feature that reduced hours of manual work to a single click, significantly lowering the risk of errors and improving overall efficiency.
The success of this project is a direct reflection of Centric’s core values. The team has grown from just two members to a robust group of 30, demonstrating the client’s confidence in Centric’s ability to deliver high-quality, impactful solutions. This growth is also a testament to the company’s "Act as One" philosophy, where excellent communication and collaboration across teams lead to consistently high delivery standards.
#KeepImproving
Looking to the future, Centric remains focused on its #keepimproving core value. Despite the project’s already high standards, the team is striving for even faster deployments and higher availability. The collaboration process is finely tuned, with regular syncs between the development team and client representatives to ensure alignment with end-user needs. This close interaction, including direct communication with the client’s customers when necessary, ensures that the application remains precisely tailored to market demands.
The team’s dedication to using the latest technologies also provides continuous learning opportunities, keeping everyone at the forefront of their field. The success of the project is measured through annual surveys sent to clients, with a constant focus on meeting and exceeding performance standards.
Centric’s fintech outsourcing project is more than just a software solution; it’s a dynamic, evolving platform that continually adapts to meet the financial industry's complex needs. By staying true to its core values and embracing innovation, Centric is not only shaping the future of fintech but also setting new benchmarks in customer satisfaction and operational excellence.
