Financial Technology

De-Risking a $10M Core Banking Integration for a Leading US FinTech

Industry Financial Technology (FinTech)

  • Client Revenues

    $10B+ Client Revenues

  • Successful Years

    12+ Successful Years

  • IT Ninjas

    1000+ IT Ninjas

  • Successful Projects

    5000+ Projects

Client's Testimonial

The business analysis from Developers.dev was the bedrock of this project's success. Their analyst didn't just document requirements; they pressure-tested them, uncovered hidden dependencies, and built a level of stakeholder consensus we thought was impossible. They saved us from at least two major architectural mistakes that would have cost millions.

Client Executive

VP of Engineering, FinSecure Capital

Client Overview

A top-tier US-based wealth management firm with over $50B in assets under management. The client was embarking on a critical, high-risk project to replace their legacy core banking platform with a modern, microservices-based architecture to improve scalability and comply with new federal regulations. The project involved integrating over 15 different internal and third-party systems.

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Problem

Problem

The client's internal teams were experts in finance but lacked the specialized business analysis discipline to document the incredibly complex requirements for the new platform. They feared that any ambiguity would lead to catastrophic integration failures, budget overruns, and regulatory penalties.

Key Challenges

key challenge

Extreme Complexity: Mapping data flows and business rules across 15+ disparate systems.

Mapping data flows and business rules across 15+ disparate systems.

key challenge

Stakeholder Misalignment: Getting consensus from departments (Trading, Compliance, Operations, IT) with conflicting priorities.

Getting consensus from departments (Trading, Compliance, Operations, IT) with conflicting priorities.

key challenge

Regulatory Scrutiny: Ensuring every requirement mapped directly to strict financial compliance standards.

Ensuring every requirement mapped directly to strict financial compliance standards.

key challenge

Legacy System Obscurity: The logic of the old system was poorly documented, requiring extensive reverse-engineering.

The logic of the old system was poorly documented, requiring extensive reverse-engineering.

AR/VR Experience Pod Solution

Our Solution

Developers.dev assigned a senior Technical Business Analyst with 10+ years of experience in core banking systems. The BA became the central communication hub for the entire project.

🏛️ Reverse-Engineering Workshops:

Conducted a series of intensive workshops with subject matter experts to deconstruct and document the logic of the legacy system.

💻 API Contract Definition:

Worked directly with architects to define precise, unambiguous API contracts for all 15+ system integrations using Swagger/OpenAPI.

🛡️ Compliance Traceability Matrix:

Created a comprehensive matrix that mapped every single feature and user story back to a specific regulatory requirement, providing a clear audit trail.

💡 Interactive Prototyping:

Built a low-fidelity interactive prototype of the new administrative console, allowing stakeholders to "feel" the new workflow and provide concrete feedback before development.

Implementation and Execution

Implementation and Execution

Embedded the BA directly into the client's Azure DevOps environment.

Embedded the BA directly into the client's Azure DevOps environment.

Implementation and Execution

Established a weekly "Requirements Review Board" with key stakeholders to ensure continuous alignment.

Established a weekly "Requirements Review Board" with key stakeholders to ensure continuous alignment.

Implementation and Execution

Used BPMN 2.0 to model the new, complex cross-system workflows.

Used BPMN 2.0 to model the new, complex cross-system workflows.

Implementation and Execution

Authored over 400 detailed user stories with clear acceptance criteria.

Authored over 400 detailed user stories with clear acceptance criteria.

Implementation and Execution

Coordinated with the QA team to develop a UAT plan based directly on the documented requirements.

Coordinated with the QA team to develop a UAT plan based directly on the documented requirements.

Implementation and Execution

Provided weekly progress reports to executive leadership, highlighting risks and dependencies.

Provided weekly progress reports to executive leadership, highlighting risks and dependencies.

Positive Outcome

🚀 Reduced Rework by 90%:

The precision of the requirements documents meant that development rework was virtually eliminated, a stark contrast to previous projects.

💰 On-Budget Delivery:

The project was delivered within its $10M budget, a rarity for initiatives of this scale.

✅ Successful Regulatory Audit:

The new platform passed its first regulatory audit with no major findings, thanks to the meticulous compliance traceability.

⏱️ Accelerated Integration:

The clear API contracts allowed parallel development teams to work independently without integration issues, cutting the integration testing phase by 50%.

Positive Outcome: Increased Revenue and Utilization

Why Choose Us

🧠 Domain Expertise:

We provided a BA who knew core banking, not a generalist.

📐 Process Maturity:

Our CMMI 5 approach brought structure to a chaotic environment.

🤝 Ecosystem of Experts:

Our BA consulted internally with our security experts on compliance issues.

🆓 Zero-Risk Trial:

The client's confidence was secured within the first two weeks.

🔗 Seamless Integration:

We became a trusted part of their team in their environment.

🤖 AI-Augmented Delivery:

We used AI tools to scan legacy documents for key terms.

🔐 Full IP Security:

The client retained 100% ownership of the extensive documentation.

✅ Free Replacement Guarantee:

This provided upfront peace of mind.

🎯 Outcome-Oriented Focus:

We focused on the outcome (a successful audit) not just the output (documents).

Conclusion

By embedding a highly specialized business analyst, Developers.dev transformed a high-risk, high-complexity project into a controlled, predictable, and ultimately successful digital transformation initiative. We provided the certainty and clarity needed to bridge the gap between the firm's ambitious vision and the realities of technical execution.