Case Study - Get a hodl of your health
A leading financial institution that offers a range of services to its customers. They approached us to develop a comprehensive solution to enhance their offering and implement regulatory compliance while ensuring seamless operations.
- Client
- Bank
- Year
- Service
- Market Risk Management, Trading Protocols, Compliance Monitoring
Overview
The Bank, a leading financial institution offering a range of services to its customers, sought to enhance their offering and implement regulatory compliance while ensuring seamless operations. They turned to us for a comprehensive solution that would fortify their risk management, compliance posture, and optimize their trading protocols.
We developed a custom platform integrating advanced risk assessment tools, compliance monitoring solutions, and real-time data integration. This platform allows the Bank to proactively identify and mitigate market risks, enhance their compliance posture, and ensure adherence to regulatory standards.
They approached us early in their development, having just opened up a trading arm for digital funds and ETFs. As they had never worked on anything web3 before, we decided to take the project on.
After Bitcoin reached a new high of 2023, our weekly risk monitoring tool allowed the bank to monitor active open positions. The potential loss in both Bitcoin and USD would have pushed the boundaries of the risk limits and created a huge finacial loss for the bank.
The implementation of the platform was a massive underaking for us and the bank and we were able to deliver a solution that was both robust and scalable.
What we did
- Blockchain development
- Backend
- Market Risk Management
One Cigma did an amazing job building out our core blockchain infrastructure and risk.
Head of Regulatory Compliance
- Fewer breach transactions
- 34%
- faster reporting transactions
- 10%
- improved risk reporting latency
- ++ms
- Active desks setup
- 3