Wealth Management Platform

Advanced wealth management and brokerage platform built with Velmie banking technology.
Location: USA
Velmie platform in the core

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Introduction

The wealth management market is projected to reach 3.5 trillion USD by 2030 from 1.25 trillion in 2020. With 11% CAGR this is one of the most rapidly growing sectors driven by demand for alternative investments such as commodities, micro-investments, portfolio management, intellectual property, REITs etc.

 

At the same time the market is actively transitioning to digitalized operations and being transformed by the emerging technology. The use of robo-advisors, AI, Big Data and Blockchain becomes common among the players.

The Story

The project goal was to build a multi-tenant solution and migrate the existing customers and organizations to the new software. The key objective was to deliver best-in-class omnichannel experience with cost-effective and compliant cloud infrastructure. Multi-asset trading, connectivity to core banking systems, powerful security and compliance tools are amonth the key requirements for the software.

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The Solution

The Platform was delivered with prebuilt back end, front end and the middleware technology customized and configured for a specific business case. The modularity and API ecosystem coming with Velmie banking technology allowed reducing time-to-market to just a few months, where building this type of a product with in-house dev team could take 2+ years. The microservices approach and other unique software architecture features provide the client with ongoing capabilities to extend the Platform offerings and markets by simply introducing new modules or partner APIs.

 

The Platform is entirely cloud-based and hosted on AWS servers, providing a highly scalable offering in the most flexible and secure cloud computing environment to date. As AWS partner, we’re able to set up single and multi-tenant infrastructure that complies with different regulatory policies, in this particuler case there is SOC2 Type 2 cloud environment, security policies and the certification were obtained.

The Features

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  • Digital KYC/AML

  • Branded debit cards

  • Checking and Savings accounts

  • Bill Payments

  • Multi-asset trading

  • Fractional shares

  • Multiple user types

  • iOS, Android and Web Applications

  • and more...

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