Investment Management Platform for a UK-based Firm
A cross-device investment management platform built with React JS, Node JS and React Native. Customized to meet the unique needs of our customers, it now efficiently serves its entire customer base.
Finance
Staff Augmentation
8 Months
5
They had experienced team members for each element of solution building.
Technext built an accessible system for the client’s end customers, who gave positive feedback about the solution. The team was open and honest, met every timeline, and explained each step of the process clearly. Moreover, their depth of knowledge and breadth of experience stood out.
Confidential
Head of Operations, Financial Services Company, Nottingham, UK
About the Project
Background
Our client is a UK-based investment management firm dedicated to offering a personalized approach to investment tailored to each client’s individual financial goals and risk tolerance. They used a platform to collect clients’ information, offer tailored solutions, and keep track of investments.
The client’s existing investment management platform was outdated and lacked essential features. On top of that, the system had numerous functionality issues that made it hard for them to work with clients.
As a result, they needed a partner to revamp their IT infrastructure, rebuild the investment management platform, and provide ongoing support. One of our existing clients recommended Technext to them and after a few meetings, they trusted Technext to build their solution.
Project Scope
Rebuild the IT infrastructure and develop a modern web and mobile investment management platform with user-friendly interfaces, graphical data visualizations, and robust reporting tools. The platform will support client customization, efficient asset allocation, automated performance analysis, investment vehicle selection, and stringent security measures.
Scalability, regulatory compliance, and ongoing maintenance services are also integral to the project’s scope, ultimately improving client interactions and financial management.
Technext rebuilt their IT infrastructure and managed the end-to-end development of the platform. The Technext service included UI/UX design, front-end and back-end development, cybersecurity, and mobile app development.
Technext now acts as their development partner, providing ongoing support and managing security updates.
Reza Haque, Managing Director, Technext
Business Challenges
- Customizing investment portfolios for clients with varied needs and restrictions is time-consuming and error-prone.
- Manually analyzing asset allocation and diversification for multiple clients is complex and resource-intensive.
- Performance analysis through macroeconomic and graphic analysis is manual and time-consuming.
- Selecting and managing various investment vehicles from various sources can be challenging.
- Ensuring superior risk-adjusted returns for clients requires effective risk management in a dynamic market.
- Complying with regulatory and legal restrictions is a manual and error-prone process.
- Scaling to manage a growing client base efficiently is a concern as the firm expands.
- Effective client communication and reporting can be labor-intensive without the right tools.
Goals Set to Technext
- Develop a versatile investment platform that caters to the unique needs of our clients.
- Create a seamless user experience with intuitive design for clients and team members.
- Implement role-based dashboards for admins, super admins, and clients.
- Automate performance analysis processes to allow for data-driven decision-making.
- Implement robust security measures.
Service Process
The client had a specific development requirement and wanted to opt for our custom web application development service. As other meetings revealed, they also require mobile applications, cybersecurity, and, ongoing support.
Later, they decided to go with our staff augmentation service and hired two back-end developers, one front-end developer, 1 QA developer, and a mobile app developer.
Development Approach
We adopted a two-pronged development approach, with separate back-end (server-side) and front-end (client-side) components. The back end was engineered to handle complex investment management tasks, including transaction processing, automatic profit calculations at midnight, and commission generation on specific dates.
The front end provided role-based dashboards catering to admins, super admins, and clients. Clients had exclusive access to view balances, track transactions, and initiate withdrawal requests. The platform also featured graphical visualizations, allowing clients to monitor their investments effectively over custom date ranges.
Security Measures
Ensuring the security of client data was a top priority. We implemented the following measures:
- Secure Socket Layer (SSL) Encryption: This safeguarded client data during transit.
- Role-based Access Control (RBAC): Users were given access only to features and data they were authorized to access.
- Regular Security Updates and Maintenance: These are protected against known vulnerabilities and exploits.
- Security Audits and Testing: Periodic assessments helped identify and address potential security risks.
Performance Enhancements
To optimize the app’s efficiency, we implemented several measures:
- Backend Architecture Optimization: This allowed the app to handle large volumes of data and transactions more efficiently.
- Caching Techniques: These reduced load times and improved overall app performance.
- Reducing API Calls and Database Queries: Transactions and other functions were completed with fewer calls, improving efficiency.
- Regular Monitoring and Optimization: This ensured the app remained fast and efficient over time.
Tech Stack
The tools and technologies were selected based on the specific needs of the users. Budget, security, and customer performance were among the key considerations. As the solution was developed with minimal functionalities, we also kept scalability as a top priority.
Web Technologies
Database
Mobile
Project Results
The cross-platform solution we developed for the client has transformed into a powerful, efficient, and secure tool for managing the company’s clients and their investments.
Features
Benefits
What did you find most impressive or unique about this company?
Having used UK based developers in the past as it was all we knew, we were overwhelmed with the depth of knowledge within the Technext and also how they had experienced team members for each element of solution building e.g. database building, cyber security, ux etc.
Confidential
Head of Operations, Financial Services Company, Nottingham, UK