Scalable Digital Recordkeeping System for Workplace Retirement Plans

A fintech company aiming to expand its digital workplace investing platform faces challenges in managing increased client volume, ensuring system agility, security, and seamless integration with third-party HR and payroll systems. The company seeks to optimize their existing architecture to support growth to millions of companies across the nation, while maintaining compliance and enhancing user loyalty.

A rapidly growing fintech company specializing in streamlining workplace investing and retirement planning solutions for small to medium-sized enterprises.

• Refactor and optimize the core product code to improve system agility, security, and development speed.
• Engineer modular recordkeeping components to support efficient management for companies, employees, and operational teams.
• Integrate existing infrastructure with third-party HR and payroll platforms to enable seamless data flow.
• Expand platform capabilities to include state-specific retirement plan options and integrations with major financial services platforms.
• Position the platform to support growth to 30 million companies nationwide, increasing client base and revenue.

• API-based architecture facilitating rapid development and deployment.
• Refactored, secure, and high-performance backend codebase supporting system agility.
• Modules for managing company records, employee data, and operational workflows.
• Integration layer for connecting with third-party HR and payroll systems.
• Support for additional plan types, including state-specific retirement options.
• Integration points with major financial institutions and platforms to expand service offerings.

• Third-party HR and payroll systems for real-time data synchronization
• Financial platforms such as Voya and Franklin for investment and retirement plan management
• State-specific retirement plan providers for compliance and offerings

• Ensure system scalability to support up to 30 million companies and millions of users.
• Achieve high system availability with minimal downtime.
• Implement robust security protocols to protect sensitive financial and personal data.
• Optimize for fast response times and high throughput to improve user experience.

This platform enhancement is expected to significantly improve scalability, security, and integration capabilities, enabling the organization to grow their client base exponentially—aiming to support 30 million companies nationwide. The solution aims to increase client engagement, drive loyalty, and multiply revenue streams, mirroring prior growth of over 200% within two years and attracting major financial investment to fuel ongoing expansion.