This article describes a real-life project. However, we can not disclose our client’s name & the project details for privacy purposes.
The client is one of the largest investment firms in the world. Founded more than 45 years ago, the global firm now has more than 4500 employees with locations worldwide.
They offer a wide range of investment services for investors & private clients in major world markets, from extensive research to wealth management initiatives.
Asset Management
50+
Global
Aug 2021 - Ongoing
As their system is highly intricate & complex, they can not solve the aforementioned problems with a single solution or technological initiative. Instead, the issues require a bigger IT resource team with optimized operation costs & efficiency.
An offshore development center, by definition, is a dedicated team of overseas engineers who handle some specific IT tasks & projects of an organization.
While developing an Offshore Development Center in Asia allows US-based companies to hire IT talents at a better rate, the clients purposely seek a team of ODC in Asia in order to fulfill their growth strategy.
Proceeding millions of global transactions every day, the wealth management corporation needs an Asian IT team to manage & maintain their system operation during a different timezone from their US & EU team.
Moreover, while their huge infrastructure needs constantly updating new clients & transaction information, the Asia-team can actively support the system with data processing, thus, help them operate error-freely & stay respondent to any changes better.
After considering various country destinations in Asia, the large firm has decided to choose Vietnam to build their ODC center in Asia.
While Vietnam IT is equivalent to other prominent countries in the region in terms of prices & the availability of IT talents, the country is considered to have a better eco-political landscape. Since the large firm was looking for long-term partnership & risk-proof growth, Vietnam’s political stability is more attractive than other countries such as China or Hongkong.
Moreover, having established an ODC in another Asian country before, the firm has previously faced the challenge of teamwork with their ODC team. Language barriers and cultural differences are major challenges that hinder the overseas team from collaborating effectively with the on-site team. Thus, it requires the offshore team to have better attention, better learning attitudes & teamwork spirit.
Looking for an IT business partner in Vietnam, the corporation finds Rikkeisoft as a potential candidate.
The majority of developers & QA-testers in Rikkeisoft are fluent in English, which empowers better team communication & faster project implementation. Furthermore, according to the client, Rikkeisoft’s infrastructure can handle their requirements, which is another major reason they choose Rikkeisoft other than other companies.
The collaboration results in a trusted partnership that solves the corporation’s problems & fuels sustainable growth. Until now, Rikkeisoft has successfully completed projects & tasks assigned, while managing to meet various regulatory compliance of the financial industry.
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