A robust platform for investment advisors

With growing competition from nimble fintechs, custodians are under pressure to provide RIAs a differentiated experience. Many of them are looking to use advanced technology solutions such as machine learning, artificial intelligence and data and analytics to help RIAs improve the end consumer experience.

Our client had multiple legacy platforms built over the years that were preventing it from providing their RIAs with a secure, integrated and cost-effective solution.

We provided an open access platform with API architecture as part of the client’s go-to-market strategy. We enabled encryption of data in transit to protect more than 100 integrations outside the client environment and used SAML and OAuth for user authentication.

Our SSO solution provides multifactor authentication and a framework for privileged access to secure customer information. We also ensured mobile security for iOS and Android devices. The team developed responsive design as part of UI transformation for core trading, advisory and educational solutions; and transformed monolithic applications into micro services-based architecture. We also digitized end-to-end client onboarding with features for bulk onboarding and advisor authorization; and created back-office solutions.

We enabled the client to securely integrate over hundreds of third-party apps and RIA back-office applications. Our test automation and Agile solutions helped the client:

• Reduce time to market for new features by 40%
• Reduce the regression cycle duration by 60% with automated tests over six months
• Increase test automation coverage to 70%
• Reduce defect leakage to less than 1%
• Improve performance of business transactions by 30% to 40% on the web platform
• Address more than 70% of security and vulnerability issues, leading to a better customer experience