21 Jun 2020

Build-operate-transfer for a highly successful Fintech company

The customer

Our customer is a London based, highly successful Fintech company. Their unique platform offers their customers immediate access to hundreds of cash deposit options, allowing them to earn more interest income (typical increase between two and nine times) and minimise risk.

The challenge

Due to its success, the client’s legacy platform had to be significantly re-worked in order to ensure high scalability and performance, without compromising security and of course without disruption to the business.

A decision was made to completely re-write the platform and replace it with a state-of-the art micro-services architecture ensuring performance, current and future scalability and vendor independence.

Business constraints dictated very short timelines for the first phase of the project (re-writing the platform with all current features, providing a sound basis as a basis for a very ambitious product roadmap, including enhancements and new features).

The internal team did not have the bandwidth and skills required for such a project and recruiting on the local market soon appeared too slow and expensive. Still, they wanted to ensure they would retain the knowledge and skills for the long term and were not keen to purely and simply outsource a platform core to their business.

The solution

Our customer’s senior management team worked very closely with GoupVery to build the perfect solution to their requirements and constraints: a near-shore, dedicated core team, with a purchase option and additional expert resources,  an ad-hoc / short term basis, for specific skills required only during phase 1 of the project.

The benefits

  • The ramp-up time and quality of the resources, both from a technical and soft skills point of view, exceeded the customer expectations – and ensured deadline for phase one were met, whilst achieving savings compared to the budget for an internal team in London.
  • Not only did the nearshore team deliver above expectations and demonstrate a level of ownership on the project the client did not really expect, but productivity of the internal team members also increased due to exposure to skills brought in by the nearshore team members.
  • The commercial and account management process was flawless, GroupVery working extremely closely with the customer to effectively remove any hiccups and minimise the on-boarding period and workload.