Words Manish Kumar
NEW DELHI (India CSR): The convergence of finance and technology has created an upsurge in the dynamic world of financial markets. Innovative technologies are changing the methods through which individuals engage with, and manage the complexities of contemporary finance, spanning from trading platforms to risk management systems. Financial markets today function in an entirely distinct manner as a result of the convergence of technology and finance, or FinTech. These developments have not only made trading more accessible and efficient, but they have also substantially altered how compliance and risk management are performed. With more automation and data-driven decision-making, FinTech is predicted to further change the financial markets as it develops. This article explores how innovative platforms and services are reshaping trade, compliance, and risk management while highlighting the efforts of an expert in the industry, Dharika Kapil, who specialises in the field of FinTech.
Numerous noteworthy milestones have occurred throughout Kapil’s tenure in the FinTech sector. She implemented Executor Service to construct a Single Threaded Thread Pool for MarketAxess’s BondTicker system, which led to an astounding 20% improvement in performance. BondTicker, an integral component of MarketAxess’s range of financial services, offers detailed corporate bond price data and has been improved with real-time intra-day information on credit default swaps (CDS). Kapil’s expertise also led to the upgrade of legacy JMS technology to Kafka for data streaming, significantly enhancing data enrichment and market insights for clients.
Kapil played a vital role in transforming financial markets by streamlining data management processes, enhancing operational efficiency, and automating database comparisons at MarketAxess. She contributed to streamlining data management processes and enhancing operational efficiency by enabling CRUD functionality for large datasets, including initiatives like the complete integration of Oracle SQL Tables. Furthermore, a 20% reduction in manual labor was achieved by automating database comparisons and sending email alerts using Spring Boot, leading to significant cost savings and improved organizational efficiency.
Owing to her engagement with significant projects, Dharika Kapil has produced quantifiable results highlighting technology’s influence on the financial markets. As mentioned before, she implemented a Single Threaded Thread Pool that improved the BondTicker system’s performance by 20%, while upgrading to Kafka for data streaming improved data enrichment by 10%. These enhancements, coupled with the end-to-end integration of Oracle SQL Tables, have significantly optimized data management and processing capabilities, driving efficiency and reliability.
Along with technical proficiency, Kapil tackled obstacles such as modernizing legacy systems and implementing advanced technologies like Kafka and Spring Boot, resulting in new solutions that elevate the efficiency and reliability of financial market platforms. Her contributions extend beyond the workplace, with a portfolio of published works exploring various facets of FinTech. From best practices in scalable application development to trends in blockchain technology, Dharika Kapil’s insights shape the discourse on leveraging technology to enhance trading, compliance, and risk management in financial markets.
In the future, she foresees an ongoing integration of technology and finance, driven by advancements in cloud computing, blockchain, and artificial intelligence. The future direction of financial markets will be shaped by a focus on sustainability and ethical investment practices, paving the way for innovative solutions that prioritize social and environmental impact alongside financial returns. Dharika Kapil’s experience exemplifies the transformative power of technology in reinventing financial markets. Through a blend of technical expertise, innovation, and forward-thinking, professionals like her are propelling FinTech’s development and profoundly influencing the financial landscape going forward.
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Manish Kumar is a news editor at India CSR.
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