Compliance Software for Capital Market Products

The Securities Commission of Malaysia deploys a software platform to enforce compliance of the regulatory framework for unlisted capital market products in Malaysia.

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About Client

Our client enforces regulation across the financial markets and has the ultimate responsibility of protecting the investor. Apart from discharging its regulatory functions, it is also obliged by statute to encourage and promote the development of the securities and derivatives markets in Malaysia.

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The Challenge

Our client enforces a regulatory framework around the launching of unlisted capital market investment products, e.g. private debt securities, wholesale funds, and structured products. For years, this complex process was managed via Excel sheets and information scattered across documents and emails. Our client wanted to develop software that would help them automate this process. For this project, it was crucial that our team acquire an understanding of fairly complex industry rules, financial calculations, and operational requirements at our client organization.

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The Solution

After extensive domain knowledge transfer sessions and a documentation exercise spanning over months, we were able to translate the business requirements into a functional feature set for the envisioned software. We then architected and developed a powerful application to help our client streamline their regulatory function.

The software is used by industry players to submit information about their investment products to the regulator. At the back end, the system provides sophisticated tools and functionality to the regulator to manage all aspects of compliance. The system offers extensive audit trails, and implements enforcement rules and calculations.

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The Impact

Since the first successful release of the software in 2015, we have helped launch software upgrades in years 2016, 2017, and 2018, to keep the platform in line with our client’s business requirements. This has helped them perform their important regulatory function around unlisted capital market investment products.

Highlights

Requirements Analysis

  • Domain knowledge acquisition
  • Identifying the needs, expectations, and goals of the product
  • Highly extensive URS and brainstorming sessions with customer and GoodCore team
  • Careful risk assessment
  • Conceptual and visual design with highly interactive prototype development

Design, Development & Technologies

  • Highly interactive front end using JQuery and Bootstrap
  • Highly secured architecture, design, and code implementation
  • MVC architecture 5.0
  • Completion of project under strict timelines

Testing & Launch

  • White box and black box testing
  • Launch on staging and live environments
  • Post-launch testing, support, and enhancements

Technologies Used

SQL

microsoft

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