Revolutionizing Corporate Credit Card Management in the Fintech Industry

about Case study

One of the leading players in prepaid cards and corporate expense management sought to become a first-mover in delivering a set of products for corporate credit card management. Accepting challenges of scalability, security, and the variety of functionalities, Prismberry made its mission to unify these products in a single multi-tenant solution

Prismberry ensured data privacy and smooth integration with third-party providers by delivering multi-tenant applications that sped up product rollouts in partnership with various banks. Let’s understand how our experts created a suite of products centered around corporate credit card management

4.6
4.6/5
$20 Million

Annual Savings Delivered

100+

Solutions Delivered

50+

Satisfied Customers

60%

Increase in Energy Efficiency

Challenges

Here is the list of major challenges that the company faced.

Robust Scalability

The client required a secure, scalable, and reliable solution.

Financial Transaction Complexity

Financial transaction management added more complexity to the system since there was a need for higher privacy and security of data

Complex User Role Management

The system involved complex user role management to provide different users with a differentiated level of access and user interface based on their organization, associated bank, product, and role.

Integration Complexity

The solution required collaboration with different third-party providers to achieve all the goals

Compliance

The application was required to conform to regulatory compliance, like PCI-DSS, RBI guidelines, etc.

The challenge

Confidentіal Inc. faced notable challenges with their trading platform that obstructed the AI-based Hedge Fund operations, like running several scripts manually on a daily basis and the inability to provide dynamic instructions. Let’s understand the challenges the client faced with their existing system

Unscalable On-Premise Infrastructure

The platform was hosted on AWS and on-premise infrastructure. The on-premise systems lacked scalability and resilience. Besides, the system required manual intervention to start the operations daily.

Static Instructions

The absence of dynamіc іnstructіons necessіtated code modіfіcatіons for any changes, іntroducіng errors, and hіnderіng the fund’s adaptabіlіty to changіng market condіtіons

Time-Intensive Machine Learning Algorithms

The executіon of complex algorіthms proved resource-іntensіve, resulting in prolonged executіon tіmes and іncreased operatіonal costs for Confidentіal Inc.’s Hedge Fund.

Manual Trading Operations

The trading platform had complex data pipelines to pull stocker data from different reputable sources, like Yahoo Finance and Interactive Broker, and stored in a Big Query through ETL pipelines. Frequent manual scrіpt executіons on a daily basis resulted in operatіonal іneffіcіencіes, 2-3 hours to set up a system for trading operations, and required human intervention, affecting the overall relіabіlіty of tradіng operatіons

Prismberry Solution

By utilizing high-tech technologies from our technology stack, our experts designed a smart solution that aimed to resolve all the complications and meet all the client’s expectations.

01. Unified Codebase Strategy

We developed a single, modular codebase to avoid duplication and simplify maintenance, allowing us to manage different products efficiently. We opted for a single codebase because the different products were heavily related to each other.

03. Multi-Tenant Application Implementation

We developed a multi-tenant application that can onboard different banks for the same product. The unified, standardized codebase has a different look, feel, and data structure for each bank.

02. Data Security and Privacy Focus

We ensured that data security and privacy practices were taken into implementation all the time due to the sensitivity associated with financial transactions

01. Unified Codebase Strategy

We developed a single, modular codebase to avoid duplication and simplify maintenance, allowing us to manage different products efficiently. We opted for a single codebase because the different products were heavily related to each other.

02. Data Security and Privacy Focus

We ensured that data security and privacy practices were taken into implementation all the time due to the sensitivity associated with financial transactions

03. Multi-Tenant Application Implementation

We developed a multi-tenant application that can onboard different banks for the same product. The unified, standardized codebase has a different look, feel, and data structure for each bank.

Results

Here’s how our solution helped the client drive growth and success.

Swift Product Launch

The client launched their product suite in record time with several banks and customers.

Record time

product launch

Corporate Adoption Surge

Over 500 corporates onboarded the credit card and hybrid products.

500

corporates onboarded

Impeccable Service Levels

99.99% SLA uptime was maintained at all times.

99.99%

SLA uptime

Banking Partnerships

Our effective and trustworthy solution has enabled partnerships with more than 10 banks

10 banks

partnership

Compliance with Security Standards

The solution adhered to all the leading industry data security regulations, like PCI-DSS and GDPR.

PCI-DSS and GDPR

industry data security regulations

The technology that we use to support Paysafe

Java, Springboot
Kubernetes, Docker
React Native
Mongo
React

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