Jan 18, 2023
No image
Completed
Brokerage: Stock Trading and Investment App Development From Scratch
$50,000+
7-12 months
Netherlands
10+
Service categories
Service Lines
Software Development
IT Services
Web Development
Domain focus
Banking & Financial Services
Programming language
Kotlin
SQL
Swift
Frameworks
Spring
Subcategories
IT Services
Outsourcing
Challenge
The client Bank had a brokerage platform, allowing its clients to invest in securities and stocks from their mobile banking app accounts. However, the platform was pretty old and possessed a monolith architecture that lacked flexibility and was non-scalable.
The client Bank had a brokerage platform, allowing its clients to invest in securities and stocks from their mobile banking app accounts. However, the platform was pretty old and possessed a monolith architecture that lacked flexibility and was non-scalable.
Solution
The functionality RNDpoint’s experts created included:
Brokerage account/IIM opening;
Money deposits and withdrawals;
Portfolio overview and analytics;
Real-time asset analytics;
Transaction history overview;
Investment calendar;
Notifications;
Advanced asset filters;
Margin trading information.
The functionality RNDpoint’s experts created included:
Brokerage account/IIM opening;
Money deposits and withdrawals;
Portfolio overview and analytics;
Real-time asset analytics;
Transaction history overview;
Investment calendar;
Notifications;
Advanced asset filters;
Margin trading information.
Results
PROJECT OUTCOMES
The project was delivered to the client in August 2020, after one year of intense development work. Only three months later, Brokerage exhibited promising statistics for user activity:
5,967 deals and 4,849 requests for deals with securities.
275 currency deals (237 of them were done with micro-lots).
5,050 new brokerage accounts and individual investment accounts registered by users.
The app’s popularity increased very quickly within the first year of operation.
In April 2021, there were 1,021 active brokerage accounts among the Bank’s clients, while in January 2022, their number reached 14,000.
By the end of 2021, Brokerage had 67.5K+ registered brokerage accounts.
PROJECT OUTCOMES
The project was delivered to the client in August 2020, after one year of intense development work. Only three months later, Brokerage exhibited promising statistics for user activity:
5,967 deals and 4,849 requests for deals with securities.
275 currency deals (237 of them were done with micro-lots).
5,050 new brokerage accounts and individual investment accounts registered by users.
The app’s popularity increased very quickly within the first year of operation.
In April 2021, there were 1,021 active brokerage accounts among the Bank’s clients, while in January 2022, their number reached 14,000.
By the end of 2021, Brokerage had 67.5K+ registered brokerage accounts.