TABLE OF CONTENT

About the Client

mercaDolar is a US-based fintech company offering a secure platform for Venezuelan citizens to exchange their unstable currency (Venezuelan Bolivar) for USD. Due to Venezuela’s complex and restrictive currency exchange laws, black-market exchanges have thrived, increasing the risk of fraud. mercaDolar’s mission is to provide a legal, transparent, and secure exchange system.

Business Situation

mercaDolar encountered multiple challenges in building a secure and compliant exchange platform:

Navigating Venezuela’s complex multi-layered exchange rate system and restrictions.
Ensuring high-level security to prevent fraud in financial transactions.
Creating a scalable architecture to support increasing user demands.
Implementing seamless integrations with banks and financial systems.
Developing an easy-to-use digital wallet with advanced security features.
Reducing time-to-market while maintaining cost efficiency.

The Solution

Unthinkable deployed a team of fintech specialists to design and develop a secure, scalable currency exchange platform. The architecture was built using ASP.NET Core, with Angular 7 for a high-performance front-end experience. Our DevOps approach with CI/CD pipelines ensured rapid deployment while maintaining system security and efficiency. The digital wallet was equipped with face recognition, fingerprint authentication, and PCI DSS compliance to enhance user security.

Developed a secure digital wallet with multi-currency support and real-time transactions.
Integrated an automatic currency exchange system with real-time rate notifications.
Ensured seamless integration with banking and financial gateways.
Deployed on Microsoft Azure with cloud security and auto-scaling.
Implemented AWS DynamoDB for high-speed transaction processing.
Used Azure Application Insights for real-time performance monitoring.

The Impact

With Unthinkable’s expertise, mercaDolar successfully launched a secure, legally compliant exchange platform. The implementation of CI/CD pipelines accelerated the release cycle by 5x, while optimized cloud deployment reduced costs by 25%. The digital wallet’s security features ensured safe transactions, increasing user trust. The platform’s financial integrations streamlined operations, enhancing efficiency and transparency in currency exchanges.

Conclusion

Unthinkable’s technical leadership enabled mercaDolar to revolutionize currency exchange in Venezuela. By integrating advanced security measures, cloud deployment, and real-time financial transactions, mercaDolar now offers a reliable, fraud-free, and efficient digital exchange solution. The project’s success highlights Unthinkable’s expertise in fintech and digital transformation, reinforcing its role as a key technology partner in the finance sector.