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OrangeMantra Helped a Canadian Financial Services Company Rapidly Expand its Tech Team

Overview

Our client, a leading Canada based financial service provider, faced the challenge of keeping pace with the dynamic technological landscape while meeting the latest demands for innovative financial solutions. To address their challenges and ensure a timely response to market needs, the company decided to explore staff augmentation services to expand and diversify its technical team. OrangeMantra was the right technology partner to help them with right technical team.

Industry

BFSI

Services

Digital Banking & Finance, Enterprise Solutions

Our Process

OrangeMantra conducted a comprehensive assessment of the client’s existing IT team to identify skill gaps. This later helped to determine the specific expertise required for ongoing and upcoming projects. A team of skilled professionals, including software developers, cybersecurity experts, and data scientists, was assembled. This helped the client to leverage specialized skills without the need for extensive hiring processes. Implemented a continuous training program to keep the augmented staff abreast of the latest industry trends, technologies, and regulations.

1
Strategic Staff Augmentation

Assigned a team to identify and onboard skilled professionals with expertise in FinTech, blockchain, cybersecurity, and data analytics.

2
Customized Skillsets

Customized the augmentation strategy to keep a check on the project requirements, ensuring the inclusion of professionals with expertise aligned with the company’s technological objectives.

3
Scalable Teams

Focused on flexible staffing model, allowing client to scale technical teams up or down as per the project requirements, optimizing resource utilization and cost-effectiveness.

4
Onboarding and Integration

The staff augmentation service provider helped with seamless onboarding process, guaranteeing that augmented resources integrated smoothly with the current in-house teams.

The Problem

  • Rapid Technological Advancements: FinTech industry demands quick adaptation to emerging technologies, putting immense pressure on the firm to acquire best technical skills promptly.
  • Resource Constraints: Limited in-house technical expertise resulted into company's ability to take on diverse and complex projects simultaneously.
  • Market Competitiveness: To stay competitive, the client needed to accelerate project timelines and introduce cutting-edge features and functionalities.
  • Our Role

    • Strategic Staff Augmentation
    • Customized Skillsets
    • Scalable Teams
    • Onboarding and Integration

    Project Challenges

    1. Rapid Technological Advancements

    FinTech industry demands quick adaptation to emerging technologies, putting immense pressure on the firm to acquire best technical skills promptly.

    2. Resource Constraints

    Limited in-house technical expertise resulted into company’s ability to take on diverse and complex projects simultaneously.

    Results

    By strategically embracing staff augmentation services, the client overcame resource constraints, accelerated project development, and positioned itself as a leader in the competitive financial technology landscape. The Staff augmentation strategy helped with addressee of immediate staffing challenges but also laid the foundation for sustainable growth and continued technological excellence. Client gained a competitive edge by swiftly adopting and implementing new technologies, positioning the company as an industry leader in innovation.

    1. Accelerated Project Timelines

    Augmenting the technical team enabled client to accelerate project development, delivering solutions to market faster than before.

    2. Diverse Technical Expertise

    The augmentation strategy brought in professionals with diverse technical expertise, enhancing the firm’s ability to take on a broader range of projects.

    3. Cost-Effective Resource Management

    The flexible staffing model allowed the firm to manage costs effectively by scaling resources based on project requirements, eliminating the need for long-term commitments.

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