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Investment Portfolio Management
Software Development
63,000 investor profiles the platform helps to manage
Industry: Fintech
Location: United Kingdom
Project
The client is a large investment company based in London. Euristiq has collaborated with them on several different projects, and helped create an investment portfolio management software that helps manage 63,000 profiles with more than £10.6 billion funds.
Key results
we delivered
Financial platform with more than 63,000+ investors and £10.6 billion funds under management.
Tools and technologies
CHALLENGE
Internal management of the investment flow for a financial enterprise
The customer, a financial services company, helps investors invest funds into sectors that try to make lives better – sectors that tackle climate change and address inequality. Investors turn to our client with the notion to invest. All their data regarding investments – portfolios, bank accounts, withdrawals – were previously managed in a legacy application that did not correspond to the current needs.
SOLUTION
Investment portfolio management software with a complex logic
The result of our cooperation is a solution that collects information from various sources about investors, products, and portfolios, and minimizes the human factor in information management. It’s a server app with GatewayAPI as its main service. It processes data and redirects it to other services to which it is connected.
This app is an intermediary for financial operations between the financial enterprise that collects all the data about investors and a third-party system that documents all financial transactions. Euristiq developed the part of the functionality that made sure that this data was displayed and synchronized correctly.
Euristiq joined the project of a modernization of the internal legacy app in the middle of the process. We contributed to the development of new features, front-end development, and quality assurance, and also participated in UI/UX design and requirements elaboration.
The investment management tool has the following functions for users: creating the contact of an investor, their portfolio, connecting to the advisor, creating the application to top up the account, adding the investor’s bank account for regular money transfers, etc. Euristiq team developed a new portfolio flow that is more complicated than the previous one. The portfolio contains information about investments, withdrawals, bank accounts, investors, advisors, etc. Each portfolio has the functionality to manage finances using various actions – creating applications of different types and payments, adding and deleting bank accounts, withdrawals, changing investment settings.
Company employees – the app users – have different permissions depending on the functions they perform. The app has an admin panel where settings can be changed, and user permissions can be customized. The system is built in such a way that allows one user to make changes but the other user has to approve them. Users can also track changes, view change history, create payments, view data about advisors and investors, validate information about investors using third-party government services.
BUSINESS OUTCOME
Financial system that manages profiles of over 63,000 investors
The result is an internal investment portfolio management software that brings together all the actions regarding investors and investing for the company’s employees.
A user-friendly investment management platform that helps company employees to manage investors’ portfolios, applications, bank accounts, withdrawals, etc.
In 2021, over 750 of our client’s employees are using the app. The system manages more than £10.6 billion on behalf of over 63,000 investors. These funds are invested in renewable energy, healthcare, smaller companies that drive the economy, and property.