At Theorem Technologies, we're always looking for ways to push the boundaries of what's possible in post-trade technology. Recently, we had the opportunity to sit down with our partners at Scalo to discuss the importance of user experience in B2B fintech solutions.
Want to dive deeper? Watch the full video interview here.
Here are some key takeaways from our conversation that we're excited to share with you.
The Power of User-Centric Design
One of the most striking insights from our discussion was the critical role that user experience plays in the adoption and effectiveness of fintech solutions. As our President and Co-founder, Paul Geiger, pointed out:
"You want to drive people to your product, but you also want
your product to work without people being driven to it."
This balance is crucial in the financial services industry, where users range from highly technical professionals to those who need a more streamlined interface. Our goal at Theorem is to create a platform that feels customized for each user, regardless of their technical expertise.
Collaboration: The Key to Innovation
Our partnership with Scalo has been instrumental in achieving this balance. By fostering an environment of open communication and continuous collaboration, we've been able to create a product that truly meets the needs of our diverse user base.
As Jonatan Cichawa from Scalo noted, this collaboration allowed for rapid development and better results:
"Asking questions every day... sped up the development a lot
and produced much better results than when we were trying to
just make the design, develop the solution and then present it."
Preparing for the Future of FinTech
Looking ahead, we're excited about the potential for innovation in post-trade technology. While we're cautious about implementing cutting-edge technologies like AI in a heavily regulated environment, we're positioning ourselves to be ready as the industry evolves.
Our approach, as Paul Geiger explained, is not to be the center of our clients' universe, but to "make the universe work" for them. This philosophy allows us to adapt to industry changes while maintaining the reliability and compliance our clients depend on.
Enhancing Post-Trade Processing
Through our collaboration with Scalo, we've made significant strides in improving our post-trade processing system:
- Cloud Migration: Moving from on-premises to a cloud solution for greater scalability.
- Process Automation: Streamlining operations that previously required manual assistance.
- Increased Data Processing Frequency: Improving the timeliness of data delivery.
- Enhanced User Experience: Making our platform more intuitive and user-friendly.
These improvements not only make our system more efficient but also more transparent and explainable - a crucial factor in today's regulatory environment.
Conclusion
At Theorem Technologies, we believe that great fintech solutions are born from a deep understanding of user needs, coupled with cutting-edge technology and a forward-thinking approach. Our collaboration with Scalo has reinforced this belief and pushed us to new heights in post-trade technology.
We're excited to continue this journey of innovation and look forward to bringing even more value to our clients in the future.