Forex Solution

Challenge

Our patron is a United Kingdom-based financial group possessing supreme expertise and knowledge in Foreign Exchange. They deliver clienteles with access to global currencies and international payment services lacking any risks associated with foreign exchange. The patron decided to develop an innovative .NET application that provides cutting-edge payment solutions to address numerous challenges. The trading platform delivers relaxed and rapid access of statistics to the clienteles subsequent in better conclusions.

Some of the serious challenges that need to be talked were:

• Execution of secure trading platform that ensured optimum security of statistics during broadcast of data
• 24/7 accessibility of trading platform with online support via “Live Chat” and telephonic support to enable payment proposal
• Allowing the user to connect through a modest and easy setup procedure
• Developing safe and secure way to function customer transaction accounts for the clear purpose of procurement and trade currency only
• Subscription access to multilingual websites with more than 30+ currencies
• Delivery for multi-user access with variable security levels
• Developing a trading solution that provisions no minimum transfer amounts or hidden charges
• Simplifying rapid and immediate estimates with shopping for the greatest rate

Expertise

Tools & Technology

• Microsoft.NET
• C#
• Visual force
• apex
• Microsoft Visual Studio and Salesforce
• Microsoft SQL Server
• Windows Server

Solution

As one of the privileged in custom software development, Shivagya Infosoft developed a trading and international payment platform that controls all the transactions collective with minute statistics approximately to the market. We offered cutting-edge state-of-the-art features and Some of which are listed below:

Manage Account

Balance View

Allows all the users to view current balance in their account as per currency set up.

Add or modify Payee, Payment Template

Be able to payee information and their payments for users to create a new payment template from excel file format.

Accounting Statement

Distributes account statement rapid for the selected time-frame and also user can assessment a detailed account statement.

Credit card and Debit card Statement

Facility to have a credit card and debit card statement summary for the particular time duration.

Manage users

Allows managing of users and along with their individual details

Direct Debit

If this choice is enabled by the admin, the user can add beneficiary details

Manage Profile

Users can be able to Personal Information, Address Details, Time Zone and also Contact Details.

Self-Identity Verification

Users can upload a document for Photo Id Proof, Address Proof, Business Proof and Contact Proof.

Settings

Administrators can accomplish consumer level fees, margins, trade limits and consumer risk. This brings a tailored experience to the clienteles.

Trade Centre

Purchase/Trade Currency

Permits to acquisition or sell trade based on exact trade type and payment type. User can also set the number of payment methodology per payment category.

Market Orders

Permits the user to set the acquisition and sell amount and limit rate. The system will perform automatic exchange when the marketplace limit rate equals the boundary rate set by the user.

Approve a Trade

Allows the user/admin to approve the awaiting trade, accept the final quote and place it as a live trade.

Trade History

Allows to assessment the list of all open, unpaid, and settled trades. The user can filter and select trade, make a payment or download trade facts in CSV and PDF file formats.

Previous Quote

Permits user to list of all rejected quotes from which he/she can select any quote and place it as the live trade

Batch Trade

Users can make numerous trades at once by choosing more than one payee of diverse currencies.

FIX Procedure

The system has an execution of Financial Statistics Exchange procedure to do live exchange with Banks.

Payment Centre

Payment Centre

System supports 3 to 4 third party payment gateways with security application.

Agree to take Payments

The system has a 5-level security execution to accept payment through the bank and retain it highly protected.

Create Payment

Allows the user to make payment to nominated payee based on charges calculated for the designated payment type.

Payment Upload

View all previously batch payments and upload the new payment file.

Approve a Payment

List of pending payments for sanction and viewing complete payment facts. The user can download payment particulars in CSV and PDF file formats.

Batch payment

Admin can allow users to create a batch for payment

Payments

Exploration past payments, view and download payment details in PDF or CSV file format.

Compliance

The system has united level 6 compliance to meet governing guidelines.

Payment Credit

The system provisions all bank specifications to make payments to payees.

Security

Account Access

Admin can controller login timings, weekend access, 2FA security, customer online access, unlocking the accounts.

Standards

The system follows high-security values to control any susceptibility or attacks.

Concurrency

System controls concurrent transactions at a very low level to avoid any replica payments or deals.

Tools

Reports

The system has 30+ reports. Some of them include Account Balance, Profit Loss, Bank Statement, Revenue Reports, Customer Liabilities, etc.

APIs

The system has 25+ Third-party API implementations for Email, SMS, Mobile Number, Bank Specifics Validations, IP evidence, Address Details, etc.

Configurations

Master

The system provides more than 15+ master formations to keep it user friendly. It includes County, Currency, Payment Types, Remittance Types, User Role, Counterparties, Email Templates, etc.

Settings

The system has more than 15+ highly configurable settings to control system behaviour. It contains Trade Timings, Static Rates, IP Access, Spot Days, Global Fees/Margins, etc

Result

This robust and safe trade solution has been developed by Shivagya Infosoft’s dedicated development team for a UK customer that enables the customer to provide highly competitive foreign payment rates. The tech solution from Shivagya Infosoft has significantly benefited our company with advantages, such as:

• Lowered functioning costs with less overhead contribution
• Modest, reckless, and cost-effective solution to withstand dynamic market changes
• Countless flexibility and availability to more than 30+ currencies
• A wide-ranging of payment transaction types for the easy, measured and secure international payment
• Supreme market intellect with comprehensive insights that allowed us to be in touch with the market.