Scaling Growth: How Coforge empowered a Top Broker-Dealer to double its Advisor Network

Challenges.

Limited scalability: The existing advisor application system, built on third-party APIs, lacked scalability to support the client's aggressive growth plans.

Slow development cycles: High vendor dependency and complex logic resulted in long development cycles for new features.

Data inaccuracy & slow response times: Inaccurate data and slow response times hampered the user experience and onboarding process.

Solution.

Coforge implemented a comprehensive solution to transform the client's advisor application system:

• Domain-driven design: Coforge leveraged domain-driven design (DDD) principles to identify core functionalities and separate them from legacy components.
• Microservices architecture: Microservices Architecture: A scalable microservices architecture was implemented using serverless APIs hosted on AWS cloud.
• API marketplace: Coforge created a dedicated API Marketplace to enable innovative pricing and service delivery models for future expansion.

The Impact

Coforge's solution delivered significant and multifaceted benefits to the client. A new revenue stream was established through the creation of an API Marketplace, opening monetization opportunities. Time-to-market was drastically reduced, with complex integrations now going live in just two weeks. The client achieved substantial digital transformation, evidenced by improved inter-application communication and streamlined business capabilities. 

Cost savings were realized through the decommissioning of legacy technologies such as Tibco. The new solution also enhanced maintainability with highly maintainable APIs and a reduced server footprint. Finally, operational costs were decreased through the implementation of offshore post-production support, further optimizing the client's financial efficiency.

Is your legacy application hindering your growth plans? Contact Coforge today to unlock the power of cloud-based solutions and achieve your business goals.