genesis’ proven ability for rapid delivery was a key factor for XP Investments. A suite of products has been built on genesis’ Low Code Application Platform that enables the delivery of robust, secure products and solutions at speed.

London – 8:00am, Thursday, 6th February, 2020

genesis, the international capital markets software firm, has partnered with XP Investments to design, build and implement products to automate workflows, which will in turn support business growth.

XP Investments provides an array of equities, fixed income and derivatives products and services to both institutions and individuals. Previously relying on manual, complex and time-consuming processes (for example, legacy databases, Excel, voice, instant messenger and email communications), the firm was looking for a smarter, digital approach.

Following a competitive due diligence process, XP Investments selected genesis due to their deep domain knowledge and Low Code Application Platform, built specifically for capital markets. The platform enables the rapid creation of products and solutions without having to write substantial lines of code. It is the only capital markets-wide, asset-class-agnostic platform for developing, sustaining and operating technology solutions.

XP Investments initially chose genesis to develop a treasury product to automate workflow management between the trading desk, institutional clients and wealth managers. The first iteration was developed and deployed within only weeks; demonstrating that building on genesis’ Low Code Application Platform is much faster, simpler and more cost-effective than the use of other internal/external vendors.

Following the success of the treasury product, genesis has collaborated closely with XP Investments to develop a suite of complementary post-trade and wealth management products. The development has included full integration with XP Investments’ existing in-house and vendor technology, for example, Bloomberg TOMS, Pershing, and a CRM platform. genesis is constantly improving the products and adding new functionality with each iteration, made possible with the rapid development and ease of integration that comes with the Low Code Application Platform.

With this new product suite, XP Investments is able to provide automated workflows to streamline the overall client experience, significantly increase trading volumes and, in parallel, reduce operational cost and risk.

“After a thorough market review, we chose genesis because of their expertise in the capital markets space – especially treasury, post-trade, wealth management, and across asset classes.” said Adelia Gomez, Chief Operations Officer of XP Investments. “We are very impressed by genesis’ ability to quickly deliver quality solutions. As a result, our trading capacity has grown significantly; revenue has increased, while our operational efficiency has been enhanced to the benefit of our clients.”

Commenting on the collaboration, Stephen Murphy, Chief Executive Officer of genesis, said: “We are privileged to have XP Investments as a strategic partner. We are very proud that we continue to deliver these exceptional products to the industry all built on the Low Code Application Platform. We look forward to progressing our innovative collaboration with XP Investments to develop future products that will ultimately help scale the business.”

ENDS

Media Contacts:
Sarah Durrani
Streets Consulting
Email: sarah.durrani@streetsconsulting.com
Tel: 020 7959 2235

Notes to the Editor:

About genesis

genesis is a global capital markets software company with a difference, offering a fresh approach to digital transformation. We help firms solve business problems and enable business opportunities, in a 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” and “low-code” development tools that empower users and democratises 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 XP Investments

XP Investments US, LLC d/b/a XP Investments, memberFINRA/SIPC, is affiliated with XP Investimentos, servicing institutional clients from around the world with their equities, fixed income and derivatives business needs in international markets.

XP Investments also has a Private Wealth Management team servicing private clients from around the world with their needs in international markets. XP Investments’ Private Wealth Management team in Miami strives at planning and structuring each client’s investment portfolio in a personalized, open architecture model. It strives at working closely with its clients, taking into consideration not only their return objectives and risk tolerance, but also their life cycle, and life current situation.

XP Investments’ Institutional Desks in New York and Miami service two types of flows: Non Latin American institutions trading Brazilian and Latin American markets (North-South); and Brazilian and Latin American institutions trading international markets (South-North).

XP Investments offers institutional investors in the U.S.:

  • The capability to trade Brazilian local markets through XP Investimentos.
  • The capability to trade other Latam markets including Mexico, Chile, Colombia, and Peru.
  • Corporate-access meetings with both public and non-public Brazilian, companies, industry consultants, and regulators.
  • Customized market commentary from the largest trader of Brazilian equities and options on the Bovespa.

XP offers to institutional investors in Latam an extensive expertise in international markets, in addition to knowledge of current demands and interests from Latin American institutions on equities, fixed income, futures and derivatives.