Transform Your Idea
A Cloud-Based FinTech Solution for Foreign Exchange Risk Management
Client: WiseRisk
UX/UI Design
Expertise:
Tech Stack:
Backend Development
Frontend Development
Angular
Python
Flask
Systems Integration
PostgreSQL
Quality Assurance
AWS
REST API
Kubernetes
The client, WiseRisk, is a FinTech company specializing in solutions for small and medium-sized enterprises (SMEs) with international operations. WiseRisk provides tools to manage and mitigate foreign exchange (FX) risks, ensuring financial stability and improved operational efficiency.

The company’s flagship product integrates seamlessly with various systems to deliver a unified view of foreign exchange exposures, empowering businesses to automate their hedging strategies and make informed financial decisions.
About the Client
WiseRisk aimed to create a cloud-based application that simplifies FX risk management for SMEs operating across borders. SMEs often struggle with fragmented systems and manual processes, leading to inefficient FX management and unnecessary risks. WiseRisk sought to address these challenges by providing an automated, integrated solution that consolidates FX exposure data, recommends optimal hedging strategies, and streamlines execution.
Project Overview

Challenges & Objectives

Key objectives for the project included:
  1. Data Integration: Consolidate foreign exchange exposure data from multiple systems and data sources into a single, unified platform.
  2. Automation of Hedging Strategies: Allow users to set predefined rules for hedging while automating the execution of forward trades.
  3. User-Friendly Interface: Develop an intuitive UX/UI to make complex financial processes accessible to non-expert users.
  4. Real-Time Reporting: Enable dynamic reporting on FX exposures, hedging strategies, and trade execution.
  5. Scalability and Security: Build a scalable, cloud-based platform with enterprise-grade security features.
Implementation
The project was divided into distinct phases to ensure a smooth development and deployment process:
01
Data Integration Module:
  • Designed a robust integration layer to pull FX exposure data from multiple accounting, ERP, and treasury systems.
  • Implemented real-time synchronization to provide users with an up-to-date view of their overall exposure.
02
Hedging Automation:
  • Developed a rules engine allowing users to define customized hedging strategies.
  • Automated the generation and execution of forward trades with counterparty banks, reducing manual effort.
03
User Experience Design:
  • Designed an intuitive user interface with clear data visualization tools to simplify complex FX risk insights.
  • Conducted user testing to refine workflows and ensure accessibility for non-technical users.
04
Dynamic Reporting:
  • Built a reporting dashboard offering comprehensive insights into FX exposures, hedging activities, and trade performance.
  • Enabled exportable reports for compliance and financial analysis.
05
Cloud Deployment:
  • Deployed the solution on AWS, leveraging Kubernetes for scalability and ensuring high availability.
  • Implemented encryption and multi-factor authentication to secure sensitive financial data.

Outcomes & Business Impact

  1. Streamlined FX Risk Management: SMEs gained a unified platform to manage their FX exposures efficiently.
  2. Increased Automation: Automated hedging and trade execution reduced operational effort by 60%.
  3. Improved Decision-Making: Comprehensive and real-time reporting empowered businesses to make data-driven decisions.
  4. Enhanced User Adoption: Intuitive interface design led to a 35% increase in user adoption rates.
  5. Scalable Solution: Cloud-based architecture supports future growth and additional system integrations.

WiseRisk successfully delivered a transformative solution for SMEs, empowering them to minimize FX risks and focus on growing their international operations. The product continues to evolve, incorporating user feedback and expanding capabilities to meet the dynamic needs of global businesses.
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