Speeding Up Digital Trading with a Microservices-Based and AI-Enabled Platform
Challenge:
A global insurer faced major challenges with its digital trading and product onboarding process:
- Lack of AI-driven automation limited intelligent handling of complex product variations and onboarding efficiency.
- Existing systems required manual code changes for every new product launch, limiting agility.
- This led to long onboarding cycles, high operational costs, and delayed time-to-market.
The insurer needed a scalable, flexible, and AI-enabled platform to accelerate onboarding.
Solution:
Integrated AI capabilities for intelligent automation, smart validation, and faster decision-making and the company engineered a microservices-based digital trading platform for speed and scalability.
Key efforts included:
– AI-Powered Intelligence: Implemented AI-based validation, recommendations, and analytics to simplify onboarding and improve accuracy.
– Microservices Architecture: Designed a modular system enabling dynamic product onboarding.
– Java & Spring Boot Foundation: Ensured high performance and modularity.
– Event-Driven Communication: Leveraged Apache Kafka for real-time messaging.
– Efficient Data Management: Used PostgreSQL with optimized queries for secure and fast access.
– Config-Driven Onboarding (JSON): Enabled product onboarding without manual coding.
This architecture offered a scalable and flexible solution with reduced dependency on developers for routine product updates.
Results achieved:
✔ AI-enabled automation reduced onboarding time, minimized errors, and improved efficiency.
✔ 90% Faster Onboarding: Reduced onboarding time by 90%, enabling faster go-to-market for specialist insurance products.
✔ High Scalability & Flexibility: Easily accommodates multiple product types and market variations with minimal effort.
✔ Operational Efficiency: Automated workflows minimized manual intervention and improved productivity.
✔ Reduced Dependency on Developers: Configuration-driven updates eliminated coding delays and improved business agility.
AI-powered intelligence enabled faster, smarter, and self-optimizing digital trading processes. By combining microservices, event-driven systems, and AI capabilities, Okruti transformed the platform to support faster launches, data-driven decisions, and scalable operations—delivering greater agility and competitive advantage.
Feedback from a customer:
“Our onboarding time for applications has been drastically reduced, with a remarkable improvement in operational flexibility — thanks to Okruti’s microservices approach.”