Project Overview
Financial companies in the UK face the challenge of managing complex workflows while delivering actionable insights to their clients. Trulife Financial, a leader in mortgage, personal insurance, home, landlord, and business protection, needed a comprehensive digital platform with extensible architecture to empower their managers and streamline client interactions.
Prioxis developed a robust cloud native application for fintech platform using microservices architecture, .NET Core for the backend and Angular for the web interface, hosted on Microsoft Azure to enable highly scalable software. This platform offers real-time insights, advanced analytics, and secure, GDPR-compliant solutions, enhancing financial management for both advisors and clients. Integrated portals for administrators and intelligent dashboards for managers ensure an enhanced user experience and optimised service delivery.
Project Highlight
UK
Financial Services
Time & Material
Medium
Business Goals
- Accuracy: Ensure that all financial transactions and data are handled with absolute precision to maintain trust and confidence among users.
- User-Centric Design: Develop a responsive and intuitive mobile app that caters to both tech-savvy and less experienced users, ensuring accessibility across the board.
- Data Security: Implement industry-leading security measures to protect sensitive financial data, ensuring full compliance with UK regulatory standards, including GDPR.
- Scalability: Design an infrastructure that can scale with Trulife Financials growth, accommodating additional services as needed.
- Integration: Seamlessly integrate various financial services into a single, cohesive platform.
- Performance: Optimise the platform for high performance, ensuring quick load times and a smooth user experience.
Challenges
- Service Integration: Merging multiple financial services with varying requirements into one platform without compromising the user experience. Build Partner Network System with Openwork, Paymentshield, primus and right mortgage.
- Compliance: Navigating the complex regulatory landscape of financial services in the UK, ensuring that all solutions meet necessary standards such as those set by the FCA and GDPR.
- Scalability: Building a solution that meets current demands and can grow with the business.
- Security: Implementing robust security protocols to protect against potential threats and data breaches
Technology Stack For Web & Mobile App Development.
With Expertise In These Technology Stack
Technologies Used
Mobile
Databases
Digital Transformation in Financial Services: Key Features of Our FinTech Solution
Our fintech platform redefines financial software by integrating essential features that streamline operations and enhance the experience for advisors, managers, and financial institutions. The platform simplifies complex tasks, delivers real-time insights and data, and supports seamless management across all aspects of financial services. This solution empowers users with the tools they need to make informed decisions and manage their responsibilities effectively.
Mortgage and Insurance Management
Streamlines the management of mortgages, insurance policies, and business protection services, ensuring both accuracy and compliance with UK regulations.
Manager Dashboard
Provides real-time insights with comparative analytics, risk alerts, and performance metrics, enabling informed decision-making.
Mobile and Web Access for Advisors
Allows advisors to access business data, earnings information, and client portfolios in real-time, whether in the office or on the move.
Admin Portal
Simplifies administrative tasks, offering essential tools for efficient platform management.
Advanced Analytics and Reporting
Features automated report generation, real-time data analysis, and access to market insights, aiding strategic planning and decision-making.
Our Financial Mobile App Development Approach
Values Delivered
Real-World Impact: Client Success Stories
Cashflow Prediction
The app now uses AI to predict cash flow trends, helping users manage their finances more effectively and plan for future expenses.
AI-Driven Financial Advisory
Leveraging user history and wealth management data, the app provides personalized financial advice, suggesting where to invest, which insurance to consider, and other key financial decisions, enhancing upselling opportunities.
Potential Clawback Prediction
AI models predict potential clawbacks, enabling proactive measures and better financial planning for both the company and its users.
Efficient Data Entry
Using AI tools like Optical Character Recognition (OCR) and Natural Language Processing (NLP), data is automatically extracted from documents and accurately entered into accounting software or databases, reducing manual effort and potential mistakes.
Reduced Processing Time
Advisors using the platform reported a 30% reduction in the time spent on administrative tasks, allowing them to focus more on client interactions and advisory services.
Enhanced Client Satisfaction
Clients of Trulife Financial experienced improved service delivery, with faster response times and more accurate financial advice, leading to higher retention rates.
Increased Efficiency
The platform's AI-driven features have reduced manual data entry by 40%, allowing fintech managers to manage larger client portfolios with the same level of accuracy.
Benefits for Trulife Financial
Higher Operational Efficiency
- User-Friendly Interface: The platform’s intuitive design reduces the learning curve for managers, allowing them to oversee operations more efficiently with visual dashboards that provide a clear understanding of financial metrics, facilitating quicker and more informed decision-making.
- Payslips Integration: Financial managers can easily generate and review payslips, maintaining accuracy in payroll and financial disbursements, streamlining internal processes.
Cost-Effective Scalability
- Scalable Architecture: The platform is designed to grow with the business, allowing managers to add new services and scale operations without significant additional investments.
- Insights and Reporting: Advanced reporting tools provide managers with actionable insights, enabling them to monitor performance, identify trends, and make strategic decisions that support the company’s growth objectives.
Trustworthiness and Accessibility
- Reliable Data Integrity: The platform employs rigorous data management protocols, ensuring that financial data remains accurate and reliable, which strengthens trust in internal reporting and decision-making processes.
- 24/7 System Availability: The platform is accessible to advisors and managers around the clock, ensuring that back-office operations continue uninterrupted, regardless of time, which supports continuous business operations and responsiveness.
Portfolio
Responsible Compliance
Regulatory Compliance
The platform is built to comply with UK security and data protection standards, including GDPR, minimizing risk and liability for the company.
Policy Detail Reporting
Managers can generate detailed reports on client policies, offering deep insights into coverage details and compliance, thus improving oversight and control.
Certificates That Symbolize Excellence
Certificates highlighting our excellence in providing innovative Custom Enterprise Software Development, customer relationship management CRM, and top-quality technology solutions
Explore Our Achievements
Microsoft Gold Partner
Microsoft Power BI Partner
Clutch Certificate for Top Mobile App Developers
Nasscom Certified Company
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With Unmatched Competence, Class-Apart Results, Growth Oriented Strategies.