Genesis and Symphony partner to accelerate digitisation and connectivity for the global financial markets community

Genesis and Symphony partner to accelerate digitisation and connectivity for the global financial markets community

London, New York – Thursday, 19th November, 2020:

Genesis, the Low-Code Application Platform (LCAP) and Symphony Communication Services, LLC (hereafter Symphony) are pleased to announce their strategic partnership to provide the financial markets community with interoperable technology and applications, built and deployed both securely and at speed. The partnership will help to transform financial markets collaboration by pairing Genesis Low-Code Application Platform to drive digitisation with Symphony’s collaboration platform which securely and compliantly connects people, organisations and financial markets.

As the financial markets community has become increasingly reliant on electronification and collaboration tools in an effort to mitigate risk and increase efficiencies, Genesis and Symphony’s partnership will improve workflow productivity while also ensuring that clients can meet the highest standards of global regulatory compliance. A range of applications designed and built on the Genesis Low-Code Application Platform will be made available to the over half a million financial professionals in the Symphony community.

Symphony’s collaboration and messaging platform was built for the needs of the financial services industry, with over 535,000 users from more than 360 companies worldwide. The platform allows applications and users to share information, context and intent, in a secure and compliant way. This year alone, the company has registered record growth in its community with a 32% increase in monthly active users, and over 170 million messages sent every month, solidifying Symphony’s position as one of the world’s largest communities in financial markets.

Genesis Low-Code Application Platform, also designed for the specific requirements of the financial markets, enables rapid creation of applications without having to write substantial lines of code. It is an enterprise-scale offering uniquely positioned with the extensive Genesis Application Library of pre-built applications. This helps market participants quickly address a spectrum of front, middle and back office challenges from the simple Business Process Management (BPM) workflows as well as extending to the complex use cases such as real-time trading solutions and risk management.

Both the Genesis Application Library and the Genesis LCAP that empowers users to create their own bespoke applications will be Symphony ready. One example is a trade allocation manager application that has already been fully integrated and is available to the Symphony community. The multi-asset class solution automates middle office workflows and enables trade capture directly from the Symphony messaging platform, providing seamless straight through processing (STP) for trade files, confirmations, and settlement. In addition, users have the freedom to integrate with different front and back office applications as required. With Symphony, any community member will be able to communicate trade information data through secure, end-to-end encrypted messaging on the Genesis Low-Code Application Platform.

Commenting on the collaboration, Stephen Murphy, Chief Executive Officer of Genesis, said: “We are very excited to partner with Symphony. The powerful combination of Genesis Low-Code Application Platform and Symphony’s collaboration and messaging platform means that together we can provide highly performant and scalable applications to the financial markets community. Through Symphony’s open architecture, users can now seamlessly integrate their workflows with both our applications and Symphony’s growing ecosystem of third party applications. This allows them to create enriched, digital workflows, and at speed. We share a common goal with Symphony: to drive industry collaboration and improve and simplify the way financial markets develop, deliver and adapt their solutions to the changing market needs.”

Brad Levy, President and Chief Commercial Officer at Symphony said: “The Symphony and Genesis offerings complement each other. We’re modern technology companies that help drive  the digitisation agenda across the industry and around the world. Our vision at Symphony is to improve connectivity, connecting more people and more systems, empowering capital markets and finance professionals in a straightforward and compliant way. Our partnership with Genesis will encourage  community-led innovation and make it quicker and simpler for our users to securely access the latest desktop applications. This in turn will improve workflow efficiency, while organisations will be able to future proof their business with technology that is fit for both today and can easily and quickly adapt to the changing market environment of tomorrow.”

 

// ENDS

 

Media Contacts:
Sarah Durrani / Carmen Rey

Streets Consulting

Email: sarah.durrani@streetsconsulting.com / carmen.rey@streetsconsulting.com

Tel: 020 7959 2235

 

Notes to the Editor:

About genesis

Code less, Do more

Genesis is the only low-code application platform built for financial markets offering a fresh approach to helping firms adapt and innovate their business and operating models in an ever challenging, and constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. We achieve agile and rapid application delivery through our state of the art microservices based framework and business component library. This is augmented with our “no-code”, “low-code” and “pro-code” development tools that empower users and democratizes product design.

We have made a multi-year investment in the framework that breaks down business problems into small functional components and has been built on the core principles that solutions must be highly performant, resilient, robust, secure & compliant for the capital markets industry.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of both off-the-shelf and client specific solutions.

The experienced leadership team has a unique perspective into the issues facing the industry, having worked at leading financial institutions and capital markets software vendors around the world.

For further information visit www.genesis.global

 

About Symphony

Established in 2014, Symphony is the cloud-based messaging and collaboration platform that securely connects markets, organizations and individuals. Powered by a growing and open app ecosystem, and protected with customer-controlled encryption key infrastructure, Symphony’s communications platform increases workflow productivity while maintaining global regulatory compliance. Already the platform of choice for the financial services industry, Symphony unifies the enterprise workflow to boost productivity in any information-centric business.

Symphony currently has over 535,000 users from more than 360 companies worldwide, powering over 170 million monthly messages.

For more information, please visit: www.symphony.com.


Senior Application Developer (Web Focus) - London

Role:

Senior Application Developer (Web Focus) – London

  • Location: London
  • Reports to: VP of Application Development

About genesis

Genesis is a global financial markets software company with a difference, offering a fresh approach to helping firms adapt and innovate their business and operating models in an ever-challenging, constantly changing environment. Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. Having a unique perspective into the issues facing the industry means genesis can challenge existing thinking and focus on providing clients with agile, scalable and robust solutions at speed. Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of off-the-shelf and highly customised solutions.

It is an exciting time for us as we continue on our growth journey, and we are looking for talented people, who share our passions, to join us. We combine the best of big company benefits with the ability to really make a difference and we strive to ensure that everyone has the opportunity to learn and grow.


The Role

Genesis has numerous products aimed at the Financial Services Industry. These are all based upon the innovative genesis microservices backend framework whilst leveraging the equally innovative genesis web and WPF frameworks. The product development team is responsible for designing, building and maintaining products which are based on the genesis frameworks.

What you'll do

  • Design, implementation, test and maintenance of products built using the genesis web platform.
  • Work closely with the business analysts, web platform developers and core engineers in an iterative process.
  • Have a good knowledge of our business, services and our customers’ needs.
  • Set project milestones and be responsible for keeping track of the progress.
  • Deliver software releases on time and with the expected capabilities and quality.
  • Be involved in the full life cycle of software development.
  • Have ownership in delivering and maintaining genesis products.

Required skills & experience - Technical

  • Minimum of a Bachelor’s degree in Computer Science or equivalent work experience.
  • Strong experience developing production ready software.
  • Proven industry experience following strong Agile Software Development practices (VCS, CI, CD, QA, etc).
  • Excellent knowledge of Typescript and at least one web framework, Angular2+, vue.js, React etc.
  • Strong knowledge of CSS and CSS preprocessors like Sass.
  • Strong knowledge of Bootstrap, ideally 4.
  • Strong knowledge in jQuery and JavaScript.
  • Strong background and knowledge in TDD.
  • Strong background and knowledge in web testing frameworks.

Required skills & experience - Competencies

  • Very strong problem-solving and analytical skills.
  • Very strong communication and interpersonal skills. Ability to explain technical concepts to non-technical persons.
  • Must continually strive to acquire new skills in relevant technology and business focus areas.
  • Ability to work both independently and as part of a team.
  • Experience managing a product development team to deliver projects to agreed timelines.
  • Ability to set own goals based on shifting priorities.
  • Ability to maintain confidence and composure in stressful situations.
  • Self-starter with strong sense of ownership.

What we provide

We offer a comprehensive package including:

  • Competitive salary depending on experience
  • 25 days’ holiday per annum
  • Pension, and private medical scheme
  • A tailored personal development and training programme.

Download Job Description

Apply now:


Please accept our terms

Back to careers

Senior Application Developer (Web Focus) - US

Role:

Senior Application Developer (Web Focus) – US

  • Location: US (Flexible)
  • Reports to: VP of Application Development

About genesis

Genesis is a global financial markets software company with a difference, offering a fresh approach to helping firms adapt and innovate their business and operating models in an ever-challenging, constantly changing environment. Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. Having a unique perspective into the issues facing the industry means genesis can challenge existing thinking and focus on providing clients with agile, scalable and robust solutions at speed. Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of off-the-shelf and highly customised solutions.

It is an exciting time for us as we continue on our growth journey, and we are looking for talented people, who share our passions, to join us. We combine the best of big company benefits with the ability to really make a difference and we strive to ensure that everyone has the opportunity to learn and grow.


The Role

Genesis has numerous products aimed at the Financial Services Industry. These are all based upon the innovative genesis microservices backend framework whilst leveraging the equally innovative genesis web and WPF frameworks. The product development team is responsible for designing, building and maintaining products which are based on the genesis frameworks.

What you'll do

  • Design, implementation, test and maintenance of products built using the genesis web platform.
  • Work closely with the business analysts, web platform developers and core engineers in an iterative process.
  • Have a good knowledge of our business, services and our customers’ needs.
  • Set project milestones and be responsible for keeping track of the progress.
  • Deliver software releases on time and with the expected capabilities and quality.
  • Be involved in the full life cycle of software development.
  • Have ownership in delivering and maintaining genesis products.

Required skills & experience - Technical

  • Minimum of a Bachelor’s degree in Computer Science or equivalent work experience.
  • Strong experience developing production ready software.
  • Proven industry experience following strong Agile Software Development practices (VCS, CI, CD, QA, etc).
  • Excellent knowledge of Typescript and at least one web framework, Angular2+, vue.js, React etc.
  • Strong knowledge of CSS and CSS preprocessors like Sass.
  • Strong knowledge of Bootstrap, ideally 4.
  • Strong knowledge in jQuery and JavaScript.
  • Strong background and knowledge in TDD.
  • Strong background and knowledge in web testing frameworks.

Required skills & experience - Competencies

  • Very strong problem-solving and analytical skills.
  • Very strong communication and interpersonal skills. Ability to explain technical concepts to non-technical persons.
  • Must continually strive to acquire new skills in relevant technology and business focus areas.
  • Ability to work both independently and as part of a team.
  • Experience managing a product development team to deliver projects to agreed timelines.
  • Ability to set own goals based on shifting priorities.
  • Ability to maintain confidence and composure in stressful situations.
  • Self-starter with strong sense of ownership.

What we provide

We offer a competitive salary and benefits package.

Download Job Description

Apply now:


Please accept our terms

Back to careers

Solving End User Computing (EUC)

Industry Article

Solving End User Computing (EUC) - Removing barriers to innovation & growth in Financial Markets

Why Does End User Computing Need Solving?

This Industry Article outlines the key problems caused by End User Computing in Financial Markets firms – along with a plan to tackle these issues. Demand for software is skyrocketing, businesses need to gain more control over their operations, reduce their costs and provide their teams with the tools to keep pace with the rate of change, complexity and automation. We explore how they can achieve that by rethinking their approach to applications and the processes that exist around them, and discuss how low-code innovation is helping them transform their IT real-estate.

“Addressing manual processes alongside EUC tools can drive a 25% reduction in the resources needed to run processes.”

When we talk about End User Computing (EUC), we’re looking at a set of tools created outside the IT department to solve specific business problems. Realistically, these are typically spreadsheets created by industrious staff who automate manual tasks because they want a quicker, easier way to get the work done. It’s not just limited to specific tasks, either. In some areas, these tools even find use as user-managed databases.

These tools are often created because of a gap in an available solution from the IT department. Though these applications are effective they often can cause wider issues. There are alternatives available to this way of working that can drive a much larger positive change across a business.

———————————- Download the full Industry Article to read more ———————————-


Senior Project Manager - Brazil

Role:

Senior Project Manager – Brazil

  • Location: São Paulo, Brazil
  • Reports to: VP-Americas

About genesis

Genesis is a global financial markets software company with a difference, offering a fresh approach to helping firms adapt and innovate their business and operating models in an ever-challenging, constantly changing environment. Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. Having a unique perspective into the issues facing the industry means genesis can challenge existing thinking and focus on providing clients with agile, scalable and robust solutions at speed. Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of off-the-shelf and highly customised solutions.

It is an exciting time for us as we continue on our growth journey, and we are looking for talented people, who share our passions, to join us. We combine the best of big company benefits with the ability to really make a difference and we strive to ensure that everyone has the opportunity to learn and grow.


The Role

Join the team that is revolutionizing application development in finance.  The genesis Low Code Platform brings together the best of high performance back-end and web technologies to deliver 80% reductions in time to market for development teams today.

 

As part of the Americas team you will be involved in every aspect of our projects in Brazil and LATAM regions. We are seeking a professional who will provide strategic vision, reviewing the project proposals and working with the team and clients to deliver projects on time. The person in this position needs to understand the varied roles of the team to effectively coordinate activities, and to be able to support technical owners on the project estimations. Strong knowledge of stakeholder analysis and engagement will help deliver business results to the clients. These clients include but are not limited to Finance, Human Resources, Sourcing & Procurement, Logistics, Global Process Owner, and New Services leads. Teamwork is essential!

What you'll do

  • Interfacing with clients to gather solution requirements, understanding the current and proposed business process & business context (typically working on multiple assignments in parallel) – requiring little supervision/help from manager
  • Analyzing/understanding client data (because the data often conveys context & requirements that can otherwise be missed) – requiring little supervision/help from manager
  • Distilling the understanding of client context/requirements into short documents and diagrams to communicate those internally and back to the client
  • Understanding where new solutions overlap with and can re-use elements from existing solutions
  • Working with the technical architect & product development team to help them understand business requirements and input to the solution detailed design
  • Presenting back to the customer both their requirements and the features of the new solution to solve them
  • Setting project milestones and be responsible for keeping track of the progress – communicating that internally and to the customer
  • Managing and maintaining regular contact with the relevant project sponsors at the customer – including management level at the sponsor
  • Communicate internally the features, value, challenges and learning points from specific projects – across Genesis including leadership team
  • Performing a degree of QA for new product feature releases in preparation for delivering to the clients and/or providing inputs/reviews to a dedicated test team on larger projects
  • Have ownership in delivering and maintaining selected genesis products
  • Contributing to company-wide process improvement
  • Contributing to improving evolving departmental processes – taking leadership on specific improvements assigned
  • Providing input to marketing campaigns and material
  • Supporting sales in customer discussions, demonstrations, respond to RFPs and create proposals etc. – lead on specific RFPs as assigned

Required skills & experience - Technical

  • Proven industry experience as a Business/Solution Analyst with deep relevant experience in building capital markets solutions that process financial instruments
  • Proven industry experience following Agile Software Development practices
  • Proven industry experience of working with business stakeholders and external clients
  • A good understanding of practices related to financial applications
  • Knowledge of the typical flows and functionality associated with handing business flows in one or more asset types; equities, fixed income, FX, listed future and option, OTC derivatives
  • Exposure/insight to technical architecture/tech design for financial market solutions

Required skills & experience - Competencies

  • The ability to translate business concepts into system requirements
  • The ability to constructively participate and critique in technical and functional discussions with talented technical architects and lead developers
  • Understand the technical make up of Genesis products in such a way they can be explained to non-technical users
  • Ability to perform gap analysis
  • Ability to work closely with clients
  • Must continually strive to acquire new skills in relevant technology and business
  • Ability to work both independently and in groups and be able to set own goals based on shifting priorities
  • Ability to maintain confidence and composure in stressful situations
  • Self-starter with strong sense of ownership, but at the same time willing to follow direction from the company leadership
  • Excellent data analysis and problem-solving skills
  • Excellent communication skills across in-person, email, documents, or presentation interactions
  • Fluent English is essential, and Spanish would be advantageous

What we provide

We offer a competitive consultancy rate.

Download Job Description

Apply now:


Please accept our terms

Back to careers

Low-code is the future – but it needs to understand our language

Low-code is the future – but it needs to understand our language


We recently had the pleasure of welcoming two innovation experts to our  Genesis Expo: Olivia Vinden, director and head of fintech and innovation at Alpha Financial Markets Consulting, and her colleague David Nathan, associate director working on the strategy, design and implementation of technology solutions.


Olivia Vinden
- Director & Head of Fintech and Innovation, Alpha FMC

 

David Nathan
- Associate Director, Alpha FMC


Vinden and Nathan talk to asset managers every day about their immediate and long-term strategic challenges – and both are keen advocates of the low-code approach to development to meet these challenges.

The three key issues that confront all Alpha’s clients are: growing Assets Under Management (AUM), preserving margin and regulation.

These are distinct yet inter-related challenges. While it is always great to win more business, losing control of margins or slack compliance management will quickly corrode such progress.


“The future of innovation is low-code.”
– David Nathan


First of all, how do you grow your AUM? “By winning clients of course,” says Nathan, “or by extending products, solutions and asset classes.”

The genesis Low-Code Application Platform (LCAP) can quickly support the extension of a buy-side operating model to support new initiatives and capabilities – be it countering the threat of passives to supporting ESG investments.

“The key word here is ‘quickly’,” says Vinden. “Getting AUM through the door is linked to enterprise agility, the absolute need to get the concept to cash quickly.”

Asset managers with a requirement that the existing operating model is not able to deliver have to go down the bespoke route. “You need something cost-effective, and something that will take you to market quickly so you beat the competition.”


“There’s going to be more competition over fees and so the operational efficiency of your model is critical.”
– Olivia Vinden


The genesis LCAP typically reduces development time by 80%. In a context where innovation is (almost) the same as speed of innovation, this offers firms a significant tactical advantage.

The competition over AUM is one of the factors putting pressure on margins. “There’s going to be more competition over fees,” Vinden predicts, “and so the operational efficiency of your model is critical.”

Enterprise-wide vendor solutions are by definition too inflexible to boost operational alpha across all buy-side activities. “Things fall between the cracks,” says Nathan. “Enterprise-wide platforms are great for the majority of the value chain, say 80%. But there are areas where they do not serve the unique capabilities of our clients. That’s where LCAP really offers a unique opportunity to close the 20% gap and provide a strategic solution.”

Alpha FMC recently used LCAP to develop a unit-linked pricing tool for one of its clients. “The vendors did not offer a suitable tool,” says Vinden, “but for our client this was a key differentiator and a key requirement. Low-code got them there quickly.”

Often the “requirement gap” is regulatory, with different geographies imposing different compliance standards which the enterprise-wide platform (often, a legacy system) cannot capture.

“MiFid II has been dominating the change agenda,” says Nathan, “and the pressure on firms to adapt to regulatory changes is not easing. We are likely to see new ESG standards emerging.”

Firms have to be agile in the way they respond to compliance, improve operational alpha, and innovate their business model.

“The problem in our industry is an over-reliance on cumbersome legacy systems, and on EUC,” says Vinden. “Asset managers usually do not have access to in-house full-stack developers who are experts in cutting code end-to-end. But this is what you’d need to tackle legacy and EUC.”

This situation is more likely to deteriorate than improve, as the competition for talented developers is fierce – and most are attracted by the bright lights of tech giants such as Google or Facebook.

“This is a great opportunity for low-code,” adds Nathan. “With this proviso: the platform needs to understand our sector. It needs to offer components out of the box that are specific to financial markets.”

An LCAP tool fit for the buy-side needs to have a detailed understanding of financial instruments, interface effortlessly with market data vendors, FIX, DTCC, OpenSource, Finos, OpenFin et cetera, and have prebuilt integrations to core applications in the asset management sector.

“And all that needs to be built for performance,” says Nathan. “It needs to process large volumes of data with low latency, providing a smooth and confident user experience across the tool [built by LCAP].”


“This is a great opportunity for low-code. With this proviso: the platform needs to understand our sector. It needs to offer components out of the box that are specific to financial markets.”
– David Nathan


Vinden adds: “Performance is one aspect of it. The other is security. As I mentioned earlier, our industry is over-reliant on Excel-based EUCs, even for some core functions. LCAP controls and de-risks these functionalities.”

Risk intersects with business agility. EUCs were built to solve specific problems at a particular time (often for a limited set of users) which means they do not scale. They freeze a business at a moment in time and stand in the way of innovation. “LCAP offers a much more centralized strategic solution,” says Nathan.

The COVID-19 pandemic is creating a context of great economic uncertainty and market volatility. “No one knows what is coming our way, but we know we have to be ready for it and adapt quickly,” says Vinden.

This makes LCAP a key strategic consideration going forward. “The future of innovation is low-code,” Nathan concludes.


To watch more of the insights from Alpha FCM go to EXPO 2020.
EXPO 2020


Genesis appoints Martin Sreba as Global Head of Strategic Accounts

Genesis appoints Martin Sreba as Global Head of Strategic Accounts

London, New York: Thursday, 15th October 2020

Genesis, the global financial markets software firm has appointed sales and product strategist, Martin Sreba as Global Head of Strategic Accounts.

In this new role, Sreba will be responsible for the firm’s global strategic accounts. Financial firms are keen to unlock opportunities for growth and also address the risk-ridden workflows ripe for automation. Sreba will work in partnership with clients to identify digitisation priorities, and by accelerating adoption of Genesis Low-Code Application Platform he will empower firms to build scalable, secure and resilient solutions at a fraction of the normal software development time. In addition, Sreba will support Genesis in further extending its footprint in the investment management space to meet the increasing demand for technology.

The appointment comes at a pivotal time for Genesis, having trebled growth in 2020 and recently announcing a strategic investment from Citi to leverage Genesis’ Low-Code Application Platform (LCAP) to drive key innovation priorities.

Sreba brings a wealth of experience as a product strategist and in growing businesses. A highly respected leader in the financial software and services industry known for the global expansion of SS&C Advent. During his 18 year tenure he rose to Global Head of Product Strategy and Sales, responsible for business growth and product direction for various portfolio management solutions, including Geneva, the most widely leveraged investment management system in the alternative industry.

Across the industry, firms have been forced to adapt to remote working practices while still under pressure to digitise and deliver returns to clients. In response, firms’ awareness is growing of the significant advantages that Genesis LCAP can bring to overhaul legacy processes, mitigate risk and ultimately increase business workflow efficiencies and drive down cost.

The platform is an enterprise offering uniquely positioned with the extensive Genesis Application Library of pre-built solutions to help the financial markets address a spectrum of challenges. It is the only low-code platform built entirely for the specific requirements of the financial markets and is capable of delivering both the simple Business Process Management (BPM)  workflows as well as extending to the specific and often complex use cases such as electronic trading , handling real-time data distribution with low latency and high throughput in a performant and secure environment.

Stephen Murphy, Chief Executive Officer of Genesis, said: “I am delighted to welcome Martin to the team. His pedigree as an industry trailblazer, launching and successfully growing products will be invaluable as we support the digitisation imperatives of our global strategic clients. This year alone we have trebled growth which makes the timing of Martin’s appointment ideal as we scale further to meet industry demand for our technology.”

“As the industry has been forced to adapt, Genesis LCAP provides the building blocks to address very specific functions and processes and integrate seamlessly into a firm’s core infrastructure on average 80% faster than building an application from scratch.”

Martin Sreba, Global Head of Strategic Accounts, said: “I am incredibly excited to join Genesis, such an innovative and forward-looking firm, long overdue in the financial technology space. The timing of bringing to market a platform as-a-service offering to the industry could not be more ideal, as many financial institutions still struggle with antiquated legacy applications, outdated internal workflows and the incurred technical debt of their third party vendors. I am looking forward to heading our Global Strategic Accounts, focusing on expanding and nurturing our key partnerships as well as looking into the future for new opportunities.”

//ENDS

Media Contacts

Sarah Durrani / Carmen Rey

Streets Consulting

Email: sarah.durrani@streetsconsulting.com / carmen.rey@streetsconsulting.com

Tel: +44 (0)20 7959 2235

 

Notes to the Editor

About genesis

Code less, Do more

Genesis is the only low-code application platform built for financial markets offering a fresh approach to helping firms adapt and innovate their business and operating models in an ever challenging, and constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. We achieve agile and rapid application delivery through our state of the art microservices based framework and business component library. This is augmented with our “no-code”, “low-code” and “pro-code” development tools that empower users and democratizes product design.

We have made a multi-year investment in the framework that breaks down business problems into small functional components and has been built on the core principles that solutions must be highly performant, resilient, robust, secure & compliant for the capital markets industry.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of both off-the-shelf and client specific solutions.

The experienced leadership team has a unique perspective into the issues facing the industry, having worked at leading financial institutions and capital markets software vendors around the world.

For further information visit www.genesis.global


genesis receives strategic investment from Citi to drive its key innovation priorities

genesis receives strategic investment from Citi to drive its key innovation priorities

London, New York – Monday, 5th October, 2020:

Genesis Global Technology Limited (hereafter Genesis) the global financial markets software firm, has received a strategic investment from Citi via its Markets FinTech Investments and SPRINT groups to leverage Genesis’ “Low-Code Application Platform” (LCAP) to drive its key innovation priorities. Genesis’ LCAP, enables financial firms to accelerate the delivery of technology roadmaps with a clear focus on identifying and delivering digitization opportunities across business lines. These initiatives ultimately increase business workflow efficiencies and reduce costs not only within a firm, but also drive innovation for the benefit of the industry as a whole. The amount and terms of the investment are undisclosed.

 

As financial markets firms grapple with the challenges and economic pressures posed by the COVID-19 pandemic, appreciation is growing for the considerable efficiency advantages that low-code offers both within financial markets and the overall industry. At this pivotal time, financial firms are being driven to fully digitize manual, repetitive workflows, in addition to the novel requirements driven by the transition to remote working. Across the sector, there is increased adoption of cloud-enabled software tools and applications with firms realizing the benefits of greater agility and scale at speed that these solutions deliver.

 

Unlike generalist low-code providers that cater to straightforward business processes, Genesis LCAP is the only low-code platform tailored for the specific requirements of the financial markets. While capable of delivering these simple Business Process Management (BPM) improvements, Genesis  LCAP extends to address the specific and often highly complex financial markets use cases demanding highly resilient, scalable and performant solutions integrated with cloud technology.

 

Genesis designs and delivers a suite of solutions using the Genesis LCAP across financial institutions’ business lines. These range from tackling direct automation use cases, such as End User Computing (EUC) replacement and client servicing portals, to addressing complex opportunities including automating end-to-end electronic trading workflows and mobile framework applications. Genesis LCAP has proven able to readily scale and to be fit for large, global institutions, delivering both rapid development and easy integration across the organization.

 

Commenting on the partnership, Nikhil Joshi, Managing Director, Global Head of Spread Products Technology and Head of Markets Technology for NAM at Citi said:The Low-code application development paradigm has increasingly gained momentum in the financial industry and has the potential to change the way the industry develops applications in the future. Genesis complements our mainstream application development methodologies, and integrates with them quite well. We are very much looking forward to partnering with Genesis to accelerate Citi’s digitization journey.”

 

Stephen Murphy, CEO of genesis, said: “Our low-code application platform is essentially democratizing product design. We are delighted that Citi has chosen to partner with Genesis and  believe this strategic relationship puts us in a very strong position to not only grow, but also lead a critical effort to deliver low-code application development across the financial markets. Clients can create custom built products and solutions without having to write substantial lines of code and solutions can be developed on average 80% faster than building from scratch.”

 

-ENDS-

Media Contacts

Sarah Durrani
StreetsConsulting
Email: sarah.durrani@streetsconsulting.com
Tel: +44 (0)20 7959 2235

 

Notes to the Editor

About genesis

Code less, Do more

Genesis is the only low-code application platform built for financial markets offering a fresh approach to helping firms adapt and innovate their business and operating models in an ever challenging, and constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. We achieve agile and rapid application delivery through our state of the art microservices based framework and business component library. This is augmented with our “no-code”, “low-code” and “pro-code” development tools that empower users and democratizes product design.

We have made a multi-year investment in the framework that breaks down business problems into small functional components and has been built on the core principles that solutions must be highly performant, resilient, robust, secure & compliant for the capital markets industry.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of both off-the-shelf and client specific solutions.

The experienced leadership team has a unique perspective into the issues facing the industry, having worked at leading financial institutions and capital markets software vendors around the world.

For further information visit www.genesis.global