Phillip Capital - Online Mutual Fund Exchange
Founded in 1975 in Singapore, Phillip Securities originally operated as a small local stock broking firm. Currently, the Phillip Group comprises 30 primary operating entities, with over 3,000 employees across 15 countries, including Singapore, Malaysia, Thailand, Hong Kong, Indonesia, the United Kingdom, Australia, Japan, France, the USA, Turkey, India, the UAE, Cambodia, and China.
OBJECTIVE
Phase 1: Develop a seamless solution to boost the use and sales of Phillip Capital’s mutual fund offerings. This includes designing and constructing the solution from the ground up, utilizing the latest cloud and front-end technologies.
Phase 2: Create a brokerage-to-brokerage (B2B, B2B2B, or B2B2C) mutual funds platform employing blockchain technology to enhance sales through brokerage channels.
THE SOLUTION
The approach included overhauling their back-end systems to implement a hybrid cloud solution, redesigning and developing their web and mobile applications (for both iOS and Android) using Flutter, and optimizing transaction processing. The new applications utilize cutting-edge cloud technology, leveraging serverless computing and various other cloud services to provide a seamless experience for customers. The second phase focuses on refining their back-end operations and creating a B2B2C blockchain solution that enables Phillip to efficiently onboard other brokerages in a clear and streamlined manner.