Japanese financial institution boosts productivity and accelerates speed to market

Client Challenge

Genesis Global partnered with a Japanese financial institution, one of the world’s leading financial groups with approximately $3.1 trillion in assets.

Their services include corporate investment, commercial and consumer banking, as well as transaction banking, securities, and wealth management.

They were implementing a rapid business transformation program across its global securities business and needed to digitalize processes for their global Fixed Income electronic trading business that included a wide range of products.

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The Solution

To achieve their goal to digitalize processes, they needed to build numerous applications, including a Client Portal, Trading Execution Platform for FX, and a series of custom applications, but they needed these applications to be sculpted around their core platform.

The platform needed to feed into the company’s existing technologies, thereby helping them strengthen existing workflows as they scale their electronic trading franchise.

To achieve this, they turned to the Genesis Application Platform that features reusable components and a suite of development tools that boosts productivity and radically accelerates speed to market.

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Project Highlights

The Genesis Application Platform is used as a key component of the company’s multiyear front office digital transformation plan.

Improved operational efficiency

It provides a clear path to replace selected end-user spreadsheets with scalable business processes, provides system interoperability and reconciliation, and reporting and audit capabilities as required in a highly regulated modern banking environment.

Remove operational risk

The Genesis-powered solution allows full user authentication and permissions and is server-based to remove desktop load and operational risk. The firm can interact with one vendor, under one core platform and handle the high volume and complex business requirements of the company.

Increase efficiency and reduce cost

Not only does this create efficiency and ease for the partner, but the high-quality of code design and microservices means that a single change gets cascaded through the system, resulting in lower cost of support, versioning and modifications.