Our client, a forward-thinking bank, recognized the significance of efficient communication between sellers and traders. Their primary objectives encompassed addressing error-prone manual processes that could arise during parameter transfers. As part of its comprehensive strategy, the bank sought to integrate the new solution flawlessly with its existing systems. VirtusLab helped in creating the solution, empowering their teams with a cutting-edge platform. It replaced an arduous process using Excel, optimising exchange time through seamless digital interactions and implementing a robust data collection mechanism.
The communication and data exchange between our client’s sales and trading teams was inefficient and error-prone. The sales and trading teams were using disparate applications like Excel, and exchanging parameters manually. This manual transfer of information led to inaccuracies and inefficiencies in conveying important details. Moreover, the time-consuming physical interaction slowed down the workflow’s overall efficiency. This also caused the lack of data traceability and analysis capabilities, hindering the bank from gaining valuable insights into customer interactions, negotiation trends, and preferences. They reached out to VirtusLab to integrate the new solution seamlessly with the existing systems.
In cooperation with our client, VirtusLab created an application based on a client-side developed custom bi-temporal data processing engine built on top of all applications used to date, replacing custom Excel calculations. It processes risk calculation with built-in data storage and grid processing abilities, improving the bank’s sales-trader workflow. The application serves as a united platform, fostering seamless communication and data transfer between sales and trading teams. The application’s improved user interface mitigates the risk of errors and streamlines the entire process. The salespeople and traders input and access swap parameters effortlessly.
Through automation, pricing calculations and data updates are expedited, reducing manual errors and increasing overall efficiency. The system’s data traceability ensures a detailed record of customer interactions, enabling insightful analysis of negotiation trends and preferences. The application seamlessly integrates with the existing systems, facilitating accurate trade accounting without the need for redundant parameter rewrites.
The Sales-Trader Workflow application enhances the sales-trader workflow by simplifying the pricing of financial instruments. The application replaced the Excel solution and integrated it with the existing data monitoring and transaction booking applications, making it easier to maintain and enabling customization and stability.
Sales-Trader Workflow is written in specially crafted Scala DSL and uses our internal framework for building highly efficient, distributed risk processing applications. VirtusLab teams are involved in its development. It uses technologies like:
Use one or a combination of engagement models to suit your needs.
VirtusLab's work has met the mark several times over, and their latest project is no exception. The team is efficient, hard-working, and trustworthy. Customers can expect a proactive team that drives results.
VirtusLab's engineers are truly Strapi extensions experts. Their knowledge and expertise in the area of Strapi plugins gave us the opportunity to lift our multi-brand CMS implementation to a different level.
VirtusLab has been an incredible partner since the early development of Scala 3, essential to a mature and stable Scala 3 ecosystem.
VirtusLab's strength is its knowledge of the latest trends and technologies for creating UIs and its ability to design complex applications. The VirtusLab team's in-depth knowledge, understanding, and experience of MIS systems have been invaluable to us in developing our product. The team is professional and delivers on time – we greatly appreciated this efficiency when working with them.