Craftspire

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Overview

$5,000+

Min Project Size

$50 - $99/hr

Avg Hourly Rate

2 - 9

Employees

2022

Year Founded

ABOUT CRAFTSPIRE

Quality Team of Software Development Experts

We are a group of experienced professionals specializing in custom software development. While we pay close attention to every detail, we always keep the overall vision in mind. This approach enhances our collaborations with clients. We offer a range of services in

LANGUAGES SPOKEN

English

HIGHLIGHTS

$5,000+

Min Project Size

$50 - $99/hr

Avg Hourly Rate

2 - 9

Employees

2022

Year Founded

Services

Focus

Industries

Clients

Services Provided

45% Custom Web Application Development

25% Backend Development

20% Frontend Development

10% Legacy System Modernization

55% UX Research & Usability Testing

45% Product UX Strategy

50% IT Staff Augmentation

50% Other IT Consulting and SI

Portfolio

Rebuilding the Big Data processing system

Unknown

Collaborating with a company that aggregated company-related data in the DACH market—including information on companies, shareholders, annual reports, financial reports, and more—helped reveal insights that weren't immediately obvious. As the company expanded, the volume of data surged due to an increase in data sources and entry into new markets, necessitating a system redesign to facilitate further growth. Challenges included: - Completely overhauling a continuously operating system without causing regressions - The complexity of algorithms used for data aggregation - A variety of external sources with disparate data structures and quality - A significant rise in processing power requirements with each new market entry - The need to manage incoming data that may arrive out of order Key actions taken involved: - Developing a new system in parallel with the existing one, followed by agile releases of individual modified processes - Collaborating with data scientists to identify optimal data processing algorithms - Enhancing database utilization - Transforming the system into smaller, standalone microservices - Ensuring scalability through cloud migration Outcome: The incremental approach allowed for a seamless system transition for clients. The agile methodology enabled the team to implement changes progressively, providing incremental value through short development cycles. The revamped architecture and migration to the cloud significantly enhanced performance and scalability, positioning the company to expand its business and enter new markets. Working with data scientists not only improved algorithm selection but also led to the introduction of a new data interface, facilitating the integration of additional data sources and creating new business opportunities.

Automating securities trade reconciliation process

Unknown

Monitoring settlements is a significant challenge that Prime Brokers must address. A failed trade occurs when either the buyer or seller does not fulfill their promise to deliver securities or cash. This situation can have severe implications for the party at fault, including financial loss, penalties, and reputational damage. Challenges include: - Complex business processes that are difficult for those outside the trading environment to comprehend - Numerous stakeholders involved - Different departments tasked with reconciliation, reporting, brokers, and external vendors - The critical nature of the process - Varied external data sources with distinct processes and APIs - The need for easy scalability - The introduction of new regulations and data sources - Time-sensitive tasks, where processing speed is crucial Key actions taken involve: - Collaborating with stakeholders to identify relevant domains and subdomains while creating a 'dictionary' for each - Implementing domain-driven design for vital components of the system - Focusing on matching and reconciliation processes - Gradually rolling out support, beginning with the largest external data provider and progressively adding others - Developing the system using a microservices architecture with separate microservices for each external data provider and domain - Employing different architectural styles for various system components Outcome: Automation has decreased the number of employees involved in the settlement process, enabling them to focus more on monitoring potential issues and proactively working with transaction parties to resolve problems. Clearly defined business rules in matching and reconciliation have been made available to power users, allowing them to modify these rules in response to changing regulatory needs without requiring further development. The modular microservice architecture has facilitated the easy addition of new external data providers and on-demand resource scaling, thereby minimizing the necessity for expensive IT infrastructure.

Projects & Clients

Project Size & Rate

Minimum Project Size

$5,000+

Average Hourly Rate

$50 - $99/hr

Pricing Snapshot

Min Project Size

$5,000+

Avg Hourly Rate

$50 - $99/hr

Cost Rating

N/A

What Clients Have Said

“

"Craftspire delivers quality projects within budget and timeline expectations based on verified client feedback."

Based on verified reviews and internal benchmark data

MOST COMMON PROJECT SIZE

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Select a service

Custom Web Application Development

Backend Development

Frontend Development

Legacy System Modernization

UX Research & Usability Testing

Product UX Strategy

IT Staff Augmentation

Other IT Consulting and SI

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