Riskpro:
Riskpro:
Modernizing the Fintech Platform by Implementing a Scalable Microservices Architecture
Industry: Banking, Financial Services & Insurance
Delivery Center: India
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Industry Context
The investment management industry is a rapidly evolving one. FinTech and WealthTech players increasingly need access to real-time data to stay competitive amidst ongoing regulatory changes and innovative technologies. Players who -can leverage modern platforms and harness data intelligently are best suited to capitalize on this era of rapid change.
Client Challenge
Riskpro is a FinTech platform offering risk assessment, proposal generation, model trading, and portfolio monitoring tools for investment advisors at wealth management institutions, emphasizing effective risk management with leading-edge technology. The client relied on rigid legacy systems, constraining its innovation ability. The prototype lacked scalability, impacting its ability to keep pace with growing demands and data. Further, the company needed help with frequent outages, technical debt, and manual processes that affected its reliability. The legacy monolithic architecture led to lengthy release cycles. Outdated interfaces made it difficult for the company to integrate with external systems and leverage AI/ML for real-time insights. This led to limiting the client’s ability to deliver optimized experiences to the investment advisors. To empower its customers with cutting-edge capabilities to make informed decisions and mitigate risks, the client needed to modernize its platform. This required transitioning to a scalable, resilient architecture that could ingest real-time data. Refactoring its code base and revamping the product was also necessary for continuous refinement.
