Streamlining Financial Operations: Developing Multi-Interface Contract Transfer Systems for Efficiency and Security

Authors

  • Sirisha Meka Engineering Manager, Credit Karma, USA Author

DOI:

https://doi.org/10.15680/IJCTECE.2022.0502004

Keywords:

Java, Spring, AngularJS, MuleSoft, SOAP/REST, Oracle, Jenkins, SonarQube, UI Engineering, API Integration, FinTech Applications, Multi-Platform Development, Performance Optimization

Abstract

The Contract-to-Contract (C2C) Transfers system was developed to make transferring funds and assets between contracts within a single plan simple, secure, and accessible across devices. Originally built for internal agents, it was later enhanced to support external users, offering a seamless experience on desktop, mobile, and tablet (iPad) platforms. The redesign focused on creating a more intuitive and interactive interface while ensuring consistent functionality across all devices.

 The system was built using Java, Spring MVC, Gradle, AngularJS, jQuery, and FTL, with Oracle databases and both REST and SOAP web services to connect smoothly with external systems. A modular design, clean coding standards, and automated testing with JUnit, HP ALM, and SonarQube helped ensure reliability and maintainability. Deployments on Tomcat and WebLogic servers were carefully validated, keeping post-production issues to a minimum.

 Users benefited from faster, more responsive interfaces, and the system consistently handled transactions securely and efficiently. The project’s success was supported by strong collaboration across teams, structured delivery cycles, and thoughtful attention to both technical and user experience considerations.

 Overall, the C2C Transfer System demonstrates how thoughtful design and careful engineering can deliver a reliable, user-friendly, and scalable financial application ready for future growth.

References

[1] P. Gomber, R. J. Kauffman, C. Parker, and B. W. Weber, “On the fintech revolution: Interpreting the forces of innovation, disruption, and transformation in financial services,” J. Manage. Inf. Syst., vol. 35, no. 1, pp. 220–265, 2018.

[2] A. C. Lyons and J. Kass-Hanna, “A methodological overview to defining and measuring ‘digital’ financial literacy,” Financ. Plann. Rev., vol. 4, no. 2, p. e1113, 2021.

[3] K. Boratyńska, “Impact of digital transformation on value creation in Fintech services: an innovative approach,” J. Promot. Manage., vol. 25, no. 5, pp. 631–639, 2019.

[4] R. R. Suryono, I. Budi, and B. Purwandari, “Challenges and trends of financial technology (Fintech): a systematic literature review,” Information, vol. 11, no. 12, p. 590, 2020.

[5] R. Alt, R. Beck, and M. T. Smits, “FinTech and the transformation of the financial industry,” Electron. Markets, vol. 28, pp. 235–243, 2018.

[6] R. Baskerville, F. Capriglione, and N. Casalino, “Impacts, challenges and trends of digital transformation in the banking sector,” Law Econ. Yearly Rev. J. (LEYR), Queen Mary Univ., London, U.K., vol. 9, pt. 2, pp. 341–362, 2020.

[7] L. Magomaeva and S. Galazova, “Banking innovations as the basis for digital transformation of the banking sector,” Eur. Proc. Soc. Behav. Sci., 2021.

[8] R. B. Malinga and G. Maiga, “A model for mobile money services adoption by traders in Uganda,” Electron. J. Inf. Syst. Dev. Ctries., vol. 86, no. 2, p. e12117, 2020.

[9] N. R. Bagrecha, I. M. Polishwala, P. A. Mehrotra, R. Sharma, and B. S. Thakare, “Decentralised blockchain technology: Application in banking sector,” in Proc. Int. Conf. Emerging Technol. (INCET), 2020. doi: 10.1109/INCET49848.2020.9154115.

[10] K. Thanapal, D. Mehta, K. Mudaliar, and B. Shaikh, “Online payment using blockchain,” ITM Web Conf., vol. 32, 2020. doi: 10.1051/itmconf/20203203007.

[11] S. Nzuva, “Smart contracts implementation, applications, benefits, and limitations,” J. Innov. Econ. Appl., 2019. doi: 10.7176/JIEA/9-5-07.

[12] S. Agrawal, “Payment orchestration platforms: Achieving streamlined multi-channel payment integrations and addressing technical challenges,” Q. J. Emerg. Technol. Innov., vol. 4, no. 3, pp. 1–9, Mar. 2019.

[13] M. Mishra, “Evolution of the invisible bank: How partnerships with FinTechs are driving digital innovation,” J. Digit. Bank., vol. 5, no. 1, pp. 36–40, Jan. 2020.

[14] R. Ankele, K. Nahrgang, B. Stojanovic, and A. Badii, “SoK: Cyber-attack taxonomy of distributed ledger- and legacy systems-based financial infrastructures,” Cryptol. ePrint Arch., 2020. [Online]. Available: https://ia.cr/2020/1440

[15] C. Alcaraz, S. Zeadally, and J. Clark, “Internet of things security: review of risks and threats to banking industry,” J. Inf. Secur. Appl., vol. 38, pp. 185–196, 2018.

Downloads

Published

2022-03-04

How to Cite

Streamlining Financial Operations: Developing Multi-Interface Contract Transfer Systems for Efficiency and Security. (2022). International Journal of Computer Technology and Electronics Communication, 5(2), 4821-4829. https://doi.org/10.15680/IJCTECE.2022.0502004