Scaling business growth with Azure data platform
Challenge
A leading provider of post-trade automation solutions in the fintech sector was preparing for a major product expansion. Their goals included:
- Scaling their customer base from 50 to 200 clients.
- Reducing technical debt and improving platform performance.
- Enhancing data processing speed, reliability, and user experience.
- Meeting regulatory demands while maintaining operational efficiency.
However, their existing on-premises infrastructure lacked the scalability and flexibility needed to support this growth. Managing large volumes of real-time financial data and ensuring secure access were key challenges.
A leading provider of post-trade automation solutions in the fintech sector was preparing for a major product expansion. Their goals included:
- Scaling their customer base from 50 to 200 clients.
- Reducing technical debt and improving platform performance.
- Enhancing data processing speed, reliability, and user experience.
- Meeting regulatory demands while maintaining operational efficiency.
However, their existing on-premises infrastructure lacked the scalability and flexibility needed to support this growth. Managing large volumes of real-time financial data and ensuring secure access were key challenges.
Solution
To address these needs, the company partnered with Scalo to modernize their platform using the Azure Data Platform. The transformation unfolded over a nine-month MVP development phase, focused on building a scalable, cloud-native solution.
Key initiatives included:
- Initial workshop to assess the legacy system and define a modernization roadmap.
- Migration to Azure, enabling cloud-based scalability and automation.
- Development of Position Management Systems Workflows to:
- Capture and structure transactional data.
- Process allocation instructions.
- Reconcile trades, positions, cash, commissions, and balances.
- ETL pipeline transition to Python for scalable automation.
- React-based interface development for improved usability.
- Implementation of strict access protocols in collaboration with a security partner.
- Integration of automatic scaling and data cleansing mechanisms.
To address these needs, the company partnered with Scalo to modernize their platform using the Azure Data Platform. The transformation unfolded over a nine-month MVP development phase, focused on building a scalable, cloud-native solution.
Key initiatives included:
- Initial workshop to assess the legacy system and define a modernization roadmap.
- Migration to Azure, enabling cloud-based scalability and automation.
- Development of Position Management Systems Workflows to:
- Capture and structure transactional data.
- Process allocation instructions.
- Reconcile trades, positions, cash, commissions, and balances.
- ETL pipeline transition to Python for scalable automation.
- React-based interface development for improved usability.
- Implementation of strict access protocols in collaboration with a security partner.
- Integration of automatic scaling and data cleansing mechanisms.
Results
The MVP delivered measurable improvements across multiple dimensions:
- 60% reduction in capital expenses through cloud migration.
- 400% increase in platform capacity, supporting future client growth.
- Faster data delivery times, improving operational efficiency.
- Streamlined user experience, aligned with the company’s mission to simplify post-trade processes.
- Robust data ecosystem, enabling clients to focus on core activities and seize new opportunities.
Lessons learned
- Building a strong business case and engaging stakeholders early is essential.
- An iterative development process ensures alignment with strategic goals.
- Accelerating migration to Azure significantly boosts scalability and efficiency.
The MVP delivered measurable improvements across multiple dimensions:
- 60% reduction in capital expenses through cloud migration.
- 400% increase in platform capacity, supporting future client growth.
- Faster data delivery times, improving operational efficiency.
- Streamlined user experience, aligned with the company’s mission to simplify post-trade processes.
- Robust data ecosystem, enabling clients to focus on core activities and seize new opportunities.
Lessons learned
- Building a strong business case and engaging stakeholders early is essential.
- An iterative development process ensures alignment with strategic goals.
- Accelerating migration to Azure significantly boosts scalability and efficiency.