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Professional Services
Peer to Peer Banking
Background

Australasian Peer too Peer banking group – Nexx needed a completecompetent, fully auditable and modifiable transaction engine to backtheir web based finance Auction system.

Challenges

This new business was founded on partner’s capital so one of thefirst milestones was to have a working prototype to demonstrateprinciples of operation and to prepare for the task of developing theAuction system that would generate may of the transactions. It’s acomplex transaction processor with multiple bank s for each bidder oracceptor in the system, a Trustee Bank and many other for distributionand load lodgement as well as the management of individual balance overthe time that a loan deal is struck As well as being the chassis for theBanking transaction ADempiere would be the ERP for a number ofsubsidiary entities associated with the Bank

The Business Need

Proven auditable transaction processor with full ERPfunctionality. A prebuilt store of transaction types that could bedeveloped to include additional requirement to suit the Peer to Peerbanking environment

Requirements

Proven ERP engine where there are no restrictions on developmentor enhancement of the function, Reliable scalable database engine tobase their extensions around. Quick to learn and equally quick to absorbhow to extend and modify.

Solution

McBoss provided the initial installation of ADempiere overPostgres and demonstrated to partners proof of Concept for the BankingSuite. Continued as Design advisor to use of Adempiere structure andfunction.

Components - Technologies used
  • ADempiere ERP / CRM
  • PostgreSQL
  • J2EE
  • Ruby
Benefits achieved
  • Fledgling company funded
  • Banking system completed for live start 2010
Services Provided by McBoss
  • Installation
  • Analysis of new venture ideas in light of ultimate aim
  • Road Map of additions
  • Retro fit other components of CoBox:-
  • Telephony
  • Mondrian
  • BI
  • Document Management
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