• Industry

    Fintech

  • Location

    USA

  • Platform

    Web

  • Cooperation

    2+ years

About The Project

Our client is an American fintech startup specializing in facilitating stock and currency trade operations, connecting companies of all sizes worldwide with global financial markets. The company employs the power of AI to automate workflows, mitigate risks and guarantee high security of transactions. Our project focused on negotiation app development for the Client.

About The Project

Challenge

The biggest challenge was the integration of AI in the negotiation process. The goal was to design software that would eliminate a large part of manual handling, establish smooth workflows for multiple operations, and allow the user to stay anonymous.

Challenge

Solution

The user registers in the app, creates a bid, and launches the automatic negotiation process. We have established negotiation interoperability by designing standard negotiation protocols. AI agents with an independently implemented negotiation strategy can negotiate with each other.

Real-time market data (stock and currency rates, information about companies and brokers) are received from Bloomberg through Azure data Factory, updated every morning and seamlessly integrated into functional modules. Final decision and contract confirmation is made by humans. After the selection of the most attractive bid, the anonymous parties sign a smart contract. The trade operation is performed outside the app.

Solution

Features

  • AI-supported security
  • Anonymous bids and quotes
  • Unlimited simultaneous trade negotiations
  • Bloomberg API - real-time market data overview
  • Legal entities can be parties to the agreement
  • Quick search of counterparties using the search/recommend agent
  • Legal compliance of trade operations
  • Trade history reports
  • Insights into trade decisions

Technologies

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    ASP.NET Web API
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    Azure Active Directory
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    Azure Web Services
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    Azure WebJobs
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    Azure ServiceBus
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    Azure Blob Storage
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    Azure DataFactory
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    Azure SQL database
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    React
Technologies

Business value

The software automates effective negotiations and agreements and helps achieve better conditions for both seller and buyer while keeping it anonymous. It makes it possible to negotiate a large number of trade deals simultaneously, saves a lot of time, and helps build a vast network of business partners. Convenient reports allow retrospective analysis of trade decisions to improve future strategies.

Blackthorn vision

Since 2009, we've been assisting technology companies to build and improve their software products. We help to scale tech teams, deliver projects on time and within budget, develop ideas from initial concepts to a final product.

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