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Finding CTO: Ideamotive and Fintech from London

Harnessing AWS for Secure and Scalable Fintech Innovation: Cultivating Talent and Technical Excellence

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Summary:

  • Client

    NDA

    Country

    United Kingdom

  • Project scope and technology

    - Hiring interim-CTO
    - Migration to AWS
    - Team Extension
    - Developing and Implementing New Features

    Industry

    Fintech

  • Tech Stack

    Frontend: React, TypeScript, Jest, Axios, Formik, TanStack, Ramda, Recoil, Docker, Docker Compose

    Backend: Ruby on Rails, ActiveAdmin, RSpec, Docker, JavaScript, jQuery, AWS

    Work duration

    > 2 years

A leading investment platform headquartered in London has been at the forefront of the Fintech sector for more than 10 years. This project has been instrumental in the development and success of well-known brands such as RobinHood and Brave Browser.

For security purposes, we cannot disclose the name of the company in this case study. However, we are open to discussing the details under a Non-Disclosure Agreement.

In 2021, facing the challenge of developing new product features without the necessary in-house expertise, the Client sought to update and enhance their technical infrastructure. 

They approached Ideamotive to find an interim-CTO with a strong background in leadership and technical expertise within the Fintech industry, aiming to bridge this gap and propel their product forward.

This interim-CTO was expected to identify and define the gaps in their current technology stack, setting a clear direction for advancement.

Process

We were introduced to the project in November 2021, beginning with an extensive audit. This in-depth evaluation not only identified the project's specific challenges but also highlighted a critical need for specialized leadership.

By taking full responsibility for hiring, onboarding, and the continuous development of knowledge, Ideamotive significantly reduces the burden on the Client. This allows them to focus on their primary business objectives, free from the added stress of managing talent. 

Recognizing this, we leveraged our insights to suggest the perfect fit for the Tech Lead position. A week later we presented 3 candidates for the Tech Lead position. Among these profiles, the client selected the talent to hire – our development star Dawid K. 

Dawid immediately got to work, leading the onboarding and establishing a comprehensive process within the client's technology infrastructure.
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Team Expansion and Management

By January 2024, the technical team at the platform had expanded to 17 members, incorporating 10 key personnel from Ideamotive. 

This expansion included the addition of much-needed expertise in areas such as DevOps and UI design, alongside backend and frontend developers. It was crucial for introducing new functionalities and breaking into new markets. 

Dawid, now serving as the interim-CTO, played a key role in this expansion, ensuring that each new team member aligned perfectly with the team's cultural and technical objectives.

Project Execution and Delivery

Guided by Dawid's direction, the team achieved significant milestones: the overhaul of customer onboarding processes, the introduction of quality assurance protocols and the launch of two major platform updates: new user interface redesign and staking functionalities. 

All in compliance with the strict regulatory standards of the investment sector.

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When integrating staking features, it was essential that our developers, who were already proficient in regulatory standards, guaranteed full compliance. This expertise was crucial to our platform's overhaul, upholding the utmost levels of legal and technical excellence.

Dawid

interim-CTO

Outcomes and Impact

The collaboration between the Client and Ideamotive has brought about significant achievements:

Strategic Leadership Placement

A key result of Ideamotive's collaboration was identifying and placing a CTO within the company. This strategic move was pivotal in steering the company's technical direction.

Technical Department Establishment

Ideamotive played a critical role during the formation of an entirely new technical department. Our involvement ensured that the department could be rapidly and securely integrated into operations, enhancing the company's technical capabilities.

Operational Agility and Support

The collaboration has been instrumental in providing continuous support, ensuring operational agility. Whenever an employee was unavailable, Ideamotive promptly offered a replacement, minimizing disruptions and maintaining productivity.The collaboration between the Client and Ideamotive has brought about significant achievements:

Strategic Leadership Placement: A key result of Ideamotive's collaboration was identifying and placing a CTO within the company. This strategic move was pivotal in steering the company's technical direction.

Technical Department Establishment: Ideamotive played a critical role during the formation of an entirely new technical department. Our involvement ensured that the department could be rapidly and securely integrated into operations, enhancing the company's technical capabilities.

Operational Agility and Support: The collaboration has been instrumental in providing continuous support, ensuring operational agility. Whenever an employee was unavailable, Ideamotive promptly offered a replacement, minimizing disruptions and maintaining productivity.

This strategic approach ensures that while the highest security standards safeguard sensitive information, the platform's architecture remains flexible for rapid market adaptation and technological advancements.

The balance between security and scalability not only positions the platform for current success but also paves the way for future leadership in financial technology.

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Conclusion

The two-year partnership between this client and Ideamotive exemplifies the latter's strong competencies and expertise in this Fintech project. During this period, the development team experienced a significant growth, increasing by 89%.

Ideamotive has not only successfully built and managed a comprehensive technical team but also played a pivotal role in enhancing and scaling technological capabilities.

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