Early-stage investment bank.
A start-up investment bank looking to unbundle services and offer them via digital channels needed to choose the right technology direction from the outset.
The development of a technology strategy, infrastructure, and vendor shortlist allowed the bank to quickly establish a comprehensive array of sophisticated services.
Digital disruption opens the door for new investment banks
For new entrants to the mature and highly competitive investment banking market, establishing a technological edge as a digital-native business is a prerequisite for differentiation and, ultimately, for gaining market share. Developing sophisticated front and back-end technological architecture, as well as identifying suitable technology vendors who also share the bank’s principles, are crucial factors for consideration from the outset.
Setting the course and assessing the suppliers
Lab49 worked with an early-stage investment bank to define and develop a comprehensive technology infrastructure and strategy. In addition, based on the client’s preference for using commercially available software solutions where possible, we helped assess a shortlist of vendor platforms against the bank’s set requirements and core technology principles, evaluating them on the basis of wide-ranging technical criteria including process for and complexity of deployment, ease of integration, security, and scalability.
Coming to market with a best-in-class product
This collaboration laid the foundation for the successful realization and implementation of the bank’s core technology principles. Defining and shaping its technology infrastructure front to back and choosing the right combination of third-party software allowed the bank to quickly and cost-effectively offer its clients a range of secure, fully compliant, cloud-based services at significant scale across various platforms.
Our full-stack software development capabilities allow us to get new systems right at the first time of asking.
The digitalization of financial markets is transforming service distribution and demanding innovation.