InnovestX and Bluebik Collaborate on Architecture and Technology Modernization for ‘InnovestX Application’ to Support Trading in Thai and International Assets, Unlocking Thai Investors’ Potential
InnovestX Securities Co., Ltd., the financial investment flagship of the SCBX Group, has partnered with Bluebik Group Public Company Limited (BBIK), a leading consultancy on end-to-end digital transformation, to develop a comprehensive roadmap for architecture and technology modernization. This collaboration aims to establish a robust framework and infrastructure for the ‘InnovestX Application,’ a digital platform facilitating the trading of various assets, including Thai and international stocks, mutual funds, and other investment products. The initiative seeks to enhance the efficiency and comprehensiveness of investment products and services, effectively meeting investor needs. InnovestX has rapidly expanded its client base, now exceeding 1 million investors, underscoring its position as a market leader in Thailand’s investment sector.
Mr. Verapat Chantaravannakul, Chief Technology Officer of InnovestX Securities, stated that the InnovestX App is an investment application designed by investors for investors, enabling clients to invest in a wide range of assets. Currently, investor demand extends beyond Thai stocks, with a growing interest in diverse investment opportunities. This trend is evidenced by the number of investors in foreign stocks increasing more than twofold over the past 2-3 years. InnovestX recognizes the importance of providing high-quality investment tools that meet international standards, as well as developing a technology infrastructure that is both secure and flexible to swiftly accommodate future investor needs. For investors, time is of the essence; investments must be seamless and rapid. Therefore, the new InnovestX App has been developed with two key platform structure concepts:
1. Future-ready Architecture: Featuring a modular design that allows for flexibility in adapting to future technological changes, enabling efficient upgrades to specific parts while maintaining bank-grade security, ensuring the platform is both robust and fast.
2. Fast Innovation: The app’s technology infrastructure is built for quick adaptation to new features, allowing it to respond swiftly to investors’ needs, focusing on high performance to provide a seamless, accurate, and smooth user experience, coupled with robust security and reliability as a securities company under the SCBX Group.
Mr. Verapat Chantaravannakul added that InnovestX is committed to continuously developing innovative investment products and services. To achieve this, the company seeks partnerships with experts in investment application development. Bluebik, with its extensive experience in consulting and developing trading systems for securities and other assets, has a proven track record in creating investment platforms for international clients. Their adaptable frameworks and specialized personnel make them a valuable partner in elevating the ‘InnovestX Application’ to international standards.
Mr. Pakorn Jiemskultip, Chief Technology Officer of Bluebik Group Public Company Limited, said Bluebik is very honored to be entrusted by InnovestX Securities to recommend financial trading technology and enhance architecture & tech modernization for the “InnovestX Application” that InnovestX Securities is developing. Bluebik is highly experienced in creating large-scale applications to handle substantial transactions. This expertise boosts the efficiency of applications, reduces the risks of system errors and provides investors with positive user experiences and for this purpose Bluebik has experience in developing the large-scale platforms for leading banks and financial institutions in Thailand and abroad.
Mr. Martin Simpson, Director of Bluebik Global Company Limited and Technical Director of the EDNA (Event-Driven Nano Service Architecture) Development Team, explained that Bluebik’s EDNA framework serves as the core technology powering the “InnovestX Application.” EDNA, a microservice-compatible framework, segments complex systems into smaller, manageable components to enhance scalability and efficiency. By allowing multiple teams to collaborate within a unified framework, EDNA provides clear visibility into the overall system architecture, simplifying both maintenance and troubleshooting. Its flexibility supports high-traffic environments and ensures that the “InnovestX Application” can seamlessly incorporate future features. Bluebik has successfully utilized EDNA as the technological backbone across a variety of platforms for major business organizations and financial institutions worldwide.
This collaboration between InnovestX Securities and Bluebik is an important milestone in the investment sector of Thailand. It is the innovation of investment, especially the development of the investment application that can serve all kinds of demand in the future. Today Thai investors can grasp investment opportunities worldwide through InnovestX application that meets global standards. The application not only functions as an execution platform but also provides Thais with advantages of international investment.
In terms of platform development for asset trading, Bluebik has experience and expertise in developing large-scale systems including mobile banking systems, systems for securities and digital asset trading, big registration systems and super apps. Bluebik is a leading consultancy on end-to-end digital transformation. Its services cover consulting on strategies (Management Consulting), digital technology consulting and development (Digital Excellence and Delivery), the development of big data systems and artificial intelligence (Big Data and Artificial Intelligence), cybersecurity consulting (Cybersecurity) and advice on corporate resource management (enterprise resource planning – ERP). Bluebik has about 1,000 tech talents in 4 countries and they are ready to serve leading and large-scale organizations in various industries worldwide.
