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.
They required a solution that could house several e-trading and electronic buying workflows in a single environment, in addition to enabling their developers to build customized applications – including a Trading Portal and Pricing Engine – using a single platform.
Because they operate in a very regulated environment, their compliance standards around technology are extremely high.
They required a single vendor that would enable them to simplify and streamline their application development, while having the ability to customize applications that would eliminate specific business challenges.
In addition, they needed to find a solution that would not limit them in terms of audience, backup, disaster recovery, user preference, or the developer behind the keys. Most importantly, the code needed to be written at a high standard and the solution had to be scalable.
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.
Customize accessibility
The initial success achieved using the Genesis low-code platform has resulted in the institution expanding the use case to other Capital Markets departments, including their Middle Office and Operations divisions.
