Next-Generation Wealth Management Application with Advanced Security and Performance Optimization

The client faces increasing competition in the global wealth management industry, necessitating a launch of a next-gen version of its portfolio management application. Key challenges include ensuring robust application security, compliance with identity access management rules, performance optimization for concurrent user logins, and cross-browser compatibility to meet elevated customer expectations and outpace competitors.

A multinational financial institution specializing in wealth and asset management, investment solutions, and digital banking services, operating across multiple countries with complex portfolio management needs.

• Develop a comprehensive, digitally-first wealth management application supporting complex portfolio functionalities and integrations.
• Implement enhanced security measures to protect sensitive client data and ensure compliance with industry standards.
• Optimize application performance to handle high concurrency during simultaneous logins and transactions.
• Ensure seamless cross-browser usability and stability across varied user environments.
• Accelerate deployment timelines while maintaining high product quality and testing coverage.

• Portfolio modeling with risk profiles and diversifications
• Account and investment strategy management modules
• Real-time market data integrations with third-party services
• Role-based access control and identity management validation
• Dynamic security permissions configuration and automated security testing
• Automated functional, regression, and security testing using custom hybrid automation framework
• Continuous integration/continuous deployment (CI/CD) pipeline integration for rapid release cycles
• Cross-browser compatibility testing to ensure uniform user experience
• Load and performance testing to verify stability under high user concurrency
• Threat assessment and vulnerability monitoring tools

• Market data providers for real-time financial data
• Identity and access management systems for security compliance
• Third-party risk assessment tools
• Automated testing tools and environment configurations

• High scalability to support growing user base
• Application response time of under 2 seconds during peak loads
• Security compliance with industry standards (e.g., GDPR, ISO 27001)
• Support for concurrent logins increased by at least 5 times compared to current baseline
• Automated testing coverage of at least 80% of functional flows
• Minimal manual testing effort with a 90% reduction in manual test execution time

Implementing the new wealth management application is expected to significantly improve deployment speed and product quality, reduce manual testing efforts by 90%, increase automated test coverage to 80%, enhance system security and compliance, and support a fivefold increase in concurrent user logins. These improvements will enable the client to accelerate time-to-market, provide a seamless user experience across platforms, and strengthen its competitive positioning in the global financial industry.