Case Study: LightPoint
Lightpoint Financial Technology is a cutting-edge accounting platform that leverages modern software design and infrastructure technologies to deliver comprehensive solutions for its clients. The platform offers a range of services, including market data services, security management, portfolio management, order management, trade execution, compliance reconciliation, and client reporting.
Key Insights
AI-based solutions can adapt and evolve alongside your organization, catering seamlessly to both small businesses and large enterprises. Here’s how we can help you maximize the benefits of AI:
- Inadequate mobile compatibility
- Manual customization processes
- Labor-intensive daily operations (including data entry)
- Legacy systems reliant on WPF and WCF
- Technical debt due to unidentified functionalities
- Functional debt resulting from scattered information
- Lack of clear expectations
- Absence of a strategic roadmap
Problem Statement
Lightpoint engaged our team augmentation services, seeking immediate solutions with quality resources. Our team augmentation expertise enabled us to provide highly skilled professionals tailored to their specific business needs.
The primary objectives were:
Legacy System Revamp
We revamped legacy systems backed by WPF (Windows Presentation Foundation) and WCF (Windows Communication Foundation), ensuring a seamless transition to modern technologies.
Mobile-Friendly Services
We developed mobile-friendly services to cater to customers using modern technologies, providing an enhanced user experience across various devices.
Seamless System Transitions
We ensured seamless system transitions without disrupting ongoing operations, minimizing downtime and ensuring business continuity.
Automation and Efficiency
We automated manual customizations and daily operations, reducing the risk of human error and increasing overall efficiency.
Reliable Code Deployments
We implemented frequent code deployments for improved system reliability, ensuring that the platform remains stable and secure.
Addressing Technical Debt
Solution Approach
To address these challenges, we employed the onion model, providing a structured solution. Our step-by-step approach included:
Systematic analysis:
We used reverse engineering, infrastructure diagrams, and data flow diagrams to comprehend the system’s layers. This process involved event storming, example mapping, and collaboration with domain experts using the Miro tool.
02
Modular transformation:
As our knowledge base expanded, we adopted a modular approach to upgrade their system, ensuring minimal disruption to ongoing operations.
03
Strategic planning:
Throughout the process, we presented Lightpoint with a clear strategy and obtained their approval at each stage. This ensured realistic expectations, identified gaps, and facilitated coding and documentation.
04
Mobile optimization:
We enabled Market Data Services (MDS) to support multiple data collectors, including FACTSET, Six Financials, and Bloomberg, rendering their systems mobile-friendly.
Ongoing Support
Currently, our focus is on maintaining Lightpoint’s systems, scoping new features, developing enhancements, and supporting data-driven business decisions.
Final Results
By leveraging the right tools and technologies, we successfully upgraded Lightpoint’s applications, achieving:
- Cost-effective development through team augmentation services
- Mobile-friendly applications and state-of-the-art systems
- Complete automation of daily operations and customizations
- Streamlined systems resulting in increased customer retention
- Growth in new user acquisition
- Lightpoint is poised to advance to the next level of engagement with the stock markets
