With the rapid development of FinTech and WealthTech, the investment management industry has seen an increasing need for real-time data.
Technologies such as ML, AI, and Big Data are now playing a pivotal role when keeping companies, partners, and clients competitive while at the same time evolving the evaluation of investment opportunities, portfolio optimization, and risk mitigation.
It is imperative for organizations that provide risk assessment platforms and tools to streamline their data pipelines, optimize their digital products, and offer exceptional user experience to retain a competitive edge in such a fast-paced market.
RiskPro, a FinTech platform designed for investment advisors in wealth management institutions, was struggling with scalability challenges, platform reliability, product development constraints, and ecosystem integration bottlenecks in their prototype platform. Furthermore, there was a pressing need to accelerate the product development release cadence. Given the critical role of risk assessment platforms in a fast-evolving investment management industry, the current limitations severely hampered the firm's competitive edge and efficiency.
Amazon Elastic Container Service (Amazon ECS) with AWS Fargate, Amazon Aurora Serverless, and Amazon API Gateway, this change promised enhanced scalability and efficiency. Furthering the goal of a seamless transformation, AWS CloudFormation and AWS Code Pipeline were employed, ensuring comprehensive infrastructure orchestration and streamlined deployment processes.
Post-transformation results demonstrated the efficacy of the adopted architecture and tools:
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letstalk@encora.com
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