Solution for legislation changes monitoring
Project ROI
After 6 months from release, we usually ask customers about the financial results of a project to make sure we did our job well
Project timeline
Andersen team has spent more than 600 hours every week on the development of this solution
Application speed optimization
The application is able to process a document of 500 pages within 2 minutes, while a person would spend no less than a week.
About the project
Due to constant changes in legislation, investment funds and other financial market players incur tremendous expenses from monitoring these changes, in order to comply with all the required regulations. Lately, these kinds of expenses have increased by 45 times as it is normally based on ‘hand labor’. In order to find a software solution to this problem, the customer contacted us, and a team of experts from Andersen.
Industry
FinTech
Duration
31 months
Team size
15 developers
Tech stack
Machine Learning, Scala, C#, WC, WPF, MSSQL, ASP.NET, XAML
Delivered Solution
Together with the customer, Andersen’s team has developed an application to solve the problems of assets management, investments, and investment risks and to meet all customer’s requirements.
Andersen’s team provided all the possible conditions for successful risk management by virtue of numerous modules, including the reorganization of data into clear algorithms and convenient formulas. The architecture of the app turned out to be flexible and configurable for new clients with personal requirements.
The implemented technologies facilitate the process of monitoring changes in legislation and help saving millions of US dollars.
Project Results
The software solution developed by Andersen’s team automates processing of all incoming documents, analyzing pages at high speed. This is achieved with the help of Artificial Intelligence and Machine Learning components implemented in the application. As a result, the customer can save a big part of the budget which would otherwise have been used to run numerous departments. Besides, the application significantly declined the share of toxic assets.
