- San Francisco
- FinTech
- 28 weeks
- B2C
- Python, Django, React, PostgreSQL, AWS, Stripe
Project Brief
An innovative FinTech startup aimed to disrupt the status quo of traditional financial advising by democratising investing through the provision of an approachable platform with FinTech software development.
Client Background
The startup FinTech company aimed to disrupt the status quo of traditional financial advising through the provision of personalised portfolio management and personalised investment advice.
Key Challenges:
Solution:
1. Discovery and Planning
We started a thorough process of exploration, fully immersing ourselves in the subtleties of financial legislation, investment methods, and consumer expectations. The creators of the startup and financial specialists worked closely with us to specify the essential features and capabilities of the robo-advisor platform. An extensive project plan was created, including the creation of the AI model, the technological architecture, and the user interface design.
2. Development
The Django REST Framework and Python were utilised by our skilled FinTech software development team to create a safe and expandable platform backend. A contemporary, adaptable, and user-friendly frontend was made with React. To provide smooth interactions with customers' bank and investment accounts, we implemented the Plaid API. Stripe was used to handle payments in a secure manner.
3. Implementation
In order to launch the platform and guarantee a seamless user onboarding process, we collaborated closely with the startup's staff. This required collecting user input, subjecting the AI algorithms to rigorous testing, and continuously improving them. Apart from that, we helped the business create marketing and instructional materials to advertise the platform and inform consumers about robo-advisors.
Tools & Technology Used
Python
Programming Language
Django
Backend
React
Frontend
AWS
Cloud Services
PostgreSQL
Database
Features:
Personalized Investment Recommendations
The AI-powered robo-advisor determines each user's unique risk tolerance and financial objectives before recommending a balanced mix of mutual funds and ETFs.
Automated Portfolio Management
In order to maintain the best asset allocation and reduce risk, the platform automatically evaluates and rebalances portfolios, guaranteeing consistency with the user's investment goals.
Real-Time Performance Tracking
Through interactive dashboards and visualisations, users can effortlessly monitor their portfolio performance, including returns, asset allocation, and historical data.
Goal Setting and Tracking
The platform allows users to set and track financial goals, such as retirement savings or college funds, providing personalized projections and progress updates.
Educational Resources
The platform offers educational resources, including articles, videos, and webinars, to help users understand investment concepts and make informed decisions.