Digital Trading Platform (Banpharty)
Banpharty, a financial services company, had a requirement to phase out their manual trading methods and transition to an e-trading platform. The project aimed to automate trading through web and mobile trading channels, thereby enhancing efficiency and improving overall trading performance. Their process involved compulsory visits to Banpharty’s office, paper-signed and hand-written instructions, manual trade matching, task allocation and settlement.
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Banpharty Trading Services contracted the project to ForJo Ltd to streamline and automate their trading and settlement processes. ForJo’s Project Team conducted a thorough analysis of Banpharty’s existing processes, captured all pain points, identified areas of improvement, recommended and developed a scalable web and mobile trading solution to automate trading orders.
The trading solution allowed data entry for trade orders, generating and matching orders automatically. It also allowed automated trade settlement to clients’ registered bank accounts.
The solution led to significant and measurable benefits such as self-servicing at clients’ comfort, improved efficiency, reduced error and trade execution time, increase in trade volumes and profitability, positioning the company for continued success in the dynamic financial market.