FINCOR

A full-fledged ecosystem of financial products which includes solutions for both individual and institutional clients. Artificial Intelligence-powered exchange with OTC service, enhanced cybersecurity, near costless inter-system fund transfers, SEPA, smart contract-based Letters of Credit, payment cards and smartphone payments, as well as a decentralized exchange.

I want something like this!
Challenge

The budget of MVP was spent for 95%, and still - huge technical debt. The technology used was obsolete, with documentation, just a legacy code for 2 past years. The project was far behind the schedule. Stakeholders were managed poorly.

Client's pain

The client strived from the huge pressure of investors and deadlines. A fully functioning MVP was supposed to be presented 6 months ago, and the budget was burnt.

A single financial ecosystem, which includes smart AI-powered exchange with military-grade security, crypto-backed P2P lending platform, OTC trading platform with a range of trading tools: crypto/crypto, crypto/fiat, crypto/gold exchange, margin trading, and crypto asset insurance.

All platform features are powered by our own, enhanced Artificial Intelligence (AI) system, compliant with European anti-money laundering regulation and under the guidance of the European System of Central Banks (ESCB).

 

Most importantly, the system doesn’t just conduct pre-defined transactions as a typical trading bot would. It also analyzes the performance of other traders, as well as includes external triggers, like breaking news, industry reports, and fluctuations on other exchanges, to preemptively buy/sell a specific currency or alarm our customers of potential risks and opportunities.

 

All this data also enable the system to provide recommendations on crypto trading with the highest potential.

<p style="text-align:justify">All platform features are powered by our own, enhanced Artificial Intelligence (AI) system, compliant with European anti-money laundering regulation and under the guidance of the European System of Central Banks (ESCB).</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">Most importantly, the system doesn&rsquo;t just conduct pre-defined transactions as a typical trading bot would. It also analyzes the performance of other traders, as well as includes external triggers, like breaking news, industry reports, and fluctuations on other exchanges, to preemptively buy/sell a specific currency or alarm our customers of potential risks and opportunities.</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">All this data also enable the system to provide recommendations on crypto trading with the highest potential.</p>

The alpha version of our exchange already meets the industry’s best practice under ISO/IEC 27001:2013 and CryptoCurrency Security Standard (CCSS) 3 standards.

 

The core of the Fincor ecosystem’s security will be our robust AI. The system will be monitoring all Fincor services 24/7 for any high-risk and suspicious activities, instantly detect and inform our cybersecurity team of any incidents, as well as conduct initial incident analysis, contamination and rectification tasks.

<p style="text-align:justify">The alpha version of our exchange already meets the industry&rsquo;s best practice under ISO/IEC 27001:2013 and CryptoCurrency Security Standard (CCSS) 3 standards.</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">The core of the Fincor ecosystem&rsquo;s security will be our robust AI. The system will be monitoring all Fincor services 24/7 for any high-risk and suspicious activities, instantly detect and inform our cybersecurity team of any incidents, as well as conduct initial incident analysis, contamination and rectification tasks.</p>

Smart AI-powered exchange with military-grade security, crypto-backed P2P lending platform, OTC trading platform, and services.

 

Exceptional range of trading tools: crypto/crypto, crypto/fiat, crypto/gold exchange, margin trading, any crypto, and any duration futures trading. Investment trusts/funds, smart contract-based.

 

Fiat payment cards and lighting fast European payments (SEPA). Crypto asset insurance and native blockchain with FCP consensus mechanism and sharding-technology.

<p style="text-align:justify">Smart AI-powered exchange with military-grade security, crypto-backed P2P lending platform, OTC trading platform, and services.</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">Exceptional range of trading tools: crypto/crypto, crypto/fiat, crypto/gold exchange, margin trading, any crypto, and any duration futures trading. Investment trusts/funds, smart contract-based.</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">Fiat payment cards and lighting fast European payments (SEPA). Crypto asset insurance and native blockchain with FCP consensus mechanism and sharding-technology.</p>

As a first step, it was organized communication and made the decision-making process structured. Then the project review was made and listed all points of the technical backlog. The list was sorted by priority and every item of the list was estimated. The team had two main goals: the first one was to decrease the technical backlog and the second one was to polish UI before raising the investment.

Total
Duration
3 months
Team
4 members
Number of change requests:
45
Technologies & Integrations
php
js
git
html
css
yii
Our role:

PHP developer

JS developer

QA engineer

Project manager

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