How a US FinTech Startup Achieved SOC 2 Compliance and 2X Faster Feature Delivery by Hiring a Dedicated Python Team
Industry Financial Technology (FinTech)
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$10B+ Client Revenues
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12+ Successful Years
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1000+ IT Ninjas
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5000+ Projects
Client's Testimonial
"Developers.Dev didn't just give us coders; they gave us a competitive advantage. Their team's expertise in both Python and financial security was instrumental in passing our SOC 2 audit. We now consider them a core part of our engineering organization."
Mark Johnson, CTO
Client Overview
A Series B FinTech startup based in New York providing an AI-powered wealth management platform. They were experiencing rapid growth but were hampered by their inability to hire qualified Python developers with financial domain expertise. Their existing team was stretched thin, and their roadmap was delayed, putting them at risk of losing market share to competitors.
Problem
The client needed to scale their backend development team to build new features, improve their trading algorithms, and prepare for a mandatory SOC 2 security audit. The high cost and intense competition for local talent made it impossible to hire fast enough.
Key Challenges
Talent Scarcity
Inability to find local Python developers with the required FinTech experience.
Security & Compliance
The urgent need to meet SOC 2 requirements for data security and process integrity.
Scalability Issues
Their monolithic Django application was struggling to handle the growing user load.
Slow Development Velocity
The existing team was bogged down with maintenance, unable to focus on new features.
Our Solution
We assembled a dedicated Staff Augmentation POD of four senior Python developers and one DevSecOps engineer.
🧑💻 Expert Talent
The developers had proven experience in building secure financial applications and expertise in Django, DRF, and data analysis libraries.
🔒 Embedded DevSecOps
The DevSecOps engineer worked directly with the client's team to implement security best practices, automated compliance checks, and secure CI/CD pipelines.
🧱 Microservices Refactoring
Our team led the initiative to refactor critical components of the monolith into scalable microservices using FastAPI.
🤝 Agile Integration
The POD was seamlessly integrated into the client's existing Agile workflow, participating in all sprint ceremonies.
Implementation and Execution
Phased Rollout
Week 1-2: Rapid onboarding and integration. The team was contributing code by day three.
Security & Compliance Focus
Week 3-8: Focused on immediate security wins, implementing logging, monitoring, and access controls required for SOC 2.
Microservices Launch
Month 3-6: Began the parallel effort of refactoring the trading algorithm service into a separate microservice, immediately improving performance.
SOC 2 Audit Success
Month 6: The client successfully passed their SOC 2 Type 1 audit.
Feature Delivery Acceleration
Month 7-12: The team shifted focus to the product roadmap, delivering a new portfolio analysis feature and a third-party data integration.
Ongoing Partnership
Ongoing: The team remains an integral part of the client's engineering department, now scaled to six developers.
Positive Outcome
✅ Achieved SOC 2 Compliance
Passed the audit on the first attempt, unblocking enterprise sales deals.
🚀 2X Faster Feature Delivery
Cleared a 6-month backlog and doubled the development velocity.
⚡ Improved Performance
The new microservice handled 5X the load of the old system with 50% lower latency.
💰 60% Cost Savings
Saved an estimated 60% compared to the cost of hiring an equivalent team in New York.
Why Choose Us
🏢 Enterprise-Grade Solutions
🧠 AI & Machine Learning Expertise
🔗 Complex System Integration
🎯 CMMI Level 5 Process
☁️ Scalable Cloud Architecture
👨💻 Dedicated POD Model
📈 Data-Driven Analytics
🌱 Long-Term Partnership Focus
💲 Proven ROI
Conclusion
By partnering with Developers.Dev, the client overcame their critical talent shortage and security challenges. They were able to accelerate their growth, secure larger customers, and build a more scalable and resilient platform, all while achieving significant cost savings.