Transformation Journey of a Wealth Management Portal Towards a Modern Cloud Native Architecture

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6:00 PM UTC on Tuesday, May 02, 2023

Transformation Journey of a Wealth Management Portal Towards a Modern Cloud Native Architecture

Transformation Journey of a Wealth Management Portal Towards a Modern Cloud Native Architecture

May 2, 2023

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We started our journey in 2018 with an uphill task to re-engineer a decade-old monolith wealth management application towards a nimble and modern architecture. The existing system was not able to meet the business expectations of on-demand release, quicker time to market with new features, easier integration with vendors to digitize business processes, scalability, resiliency, and availability requirements as per growing needs, etc. with 35+ integration touch points. Our goal was to build a modern and easy-to-use digital wealth management platform for advisors/financial professionals and their clients to collaborate better and transform the value chain with an engineering transformation initiative. We opted for microservices-oriented architecture supporting a simplified integration landscape and end-to-end digital experience unification meeting the nonfunctional requirements of release on demand, elasticity in terms of scalability, higher availability, and more.

Guests

Ankur Kumar

Ankur Kumar

Senior engineering leader with 20+ years of IT industry experience leading multi-year digital transformation programs at all stages of the software delivery lifecycle. His core competency is providing technology leadership for strategy and implementation of financial services applications for wealth management, banking, and insurance domain by applying modern architecture practices with Cloud, DevOps, Microservices, Event-driven, and Cloud-native architecture.

Ankur experiments with novel technologies and enjoy contributing to the community & have been a speaker at ElasticON, Ortelius, SKILup Day, and more. He also started an engineering blog (vedcraft.com) to help groom software architects.