Development and Security
Most systems developed in the financial sector are (with the notable exception of screening) specialist deployments, one-off deliveries. Written by companies who don't live in that world, and quite honestly just deliver the client brief, however flawed that brief might be. In the big wide world where margins are tighter and the key risk is your competition and the bottom line, there is an ongoing shift towards implementing end to end workflow solutions.
So why have I chosen Odoo? A relatively small Belgian Company, that currently has little exposure in the financial services sector?
Their model. It encapsulates best practices, open source code, built using open source software and has evolved to embrace scalable design. It is there in the open for all to see. Traditionally we were all brought up with the belief that the code was 'the special source', fought over, litigated over and protected at all costs. The main competitors such as Salesforce and Oracle focus purely on client facing CRM delivery. My focus is providing tools to the second line risk managers, for the business as their client. As a plus, you get a full-blown HR, finance and CRM system as well.
Isn't open source less secure?
No, vulnerabilities are discovered and fixed fast, others depend on it, proprietary software has a conflicted interest in disclosure and may patch on the quiet, however, it is commonly implementation that creates these vulnerabilities. This is important information that as a provider is vital to maintain security.
This is one of the biggest growth stories in development in years, from my aspect it requires that you write clean readable code. This is one of the curses of the IT world that many languages can propagate sloppy messy design, with iterations and changes being made by 'monkey patching' (as the name says it isn't a good
Built as a single page application, this allows fast and dynamic web pages that are suited to managing data rather than traditional HTML. There is a complete separation between the interface and the code and the database.
Ubuntu Server and Nginx
Full stack development, enterprise-ready and easy to scale.
Running on version 11 of the Worlds most advanced open-source database. Enterprise strength, and with a NASDAQ listed company behind it, it is secure, scalable and dependable. With some big users that are household names. With Odoo and Postgres this has been tested by 3 million users and ourselves. We run our business on Odoo and it has been consistently more stable than MySql and evidenced robust error handling and integrity when the application has been made to fail.
Currently, we are using Digital Ocean with servers in London and Singapore. This will be moved to local hosting in Guernsey or Jersey as required. The application can also be easily hosted in-house if your technical skills support other platforms.