Empowering Financial Wellness Through Open Banking Innovation
Client Overview
The client is a distinguished financial services firm specializing in bespoke investment solutions for high-net-worth individuals (HNIs). With a reputation for discretion, personalized service, and sophisticated wealth strategies, the firm helps clients navigate complex financial landscapes, optimize asset growth, and preserve generational wealth.
Why Traditional Wealth Management Was Falling Short?
The client sought to revolutionize wealth management by shifting from fragmented financial tracking to intelligent, goal-driven decision-making. Despite offering premium advisory services, the client faced critical hurdles in delivering a truly integrated, actionable wealth management experience:
- Fragmented Financial Data – Client assets were spread across private banks, brokerages, trusts, and offshore accounts, making it difficult to assess true net worth or risk exposure.
- Manual & Inefficient Tracking – Advisors relied on spreadsheets and periodic reports, delaying decision-making during market volatility.
- Lack of Real-Time Insights – Without automated aggregation, clients couldn’t monitor cash flow, spending trends, or investment performance dynamically.
- Limited Goal Alignment – Many HNIs lack structured plans for legacy wealth transfer, tax efficiency, or philanthropic goals.
- Low Engagement with Digital Tools – Existing platforms were complex and impersonal, leading to low adoption and reliance on manual advisor check-ins.
- Security & Compliance Risks – Manual data handling increased exposure to fraud, human error, and regulatory gaps.
Their key objectives included:
- Unified Financial Visibility – Consolidate scattered data from banks, investments, and credit lines into a single, real-time dashboard for holistic net worth tracking.
- Structured Goal Planning – Enable clients to proactively plan for major financial milestones (e.g., retirement, legacy planning, tax optimization) with personalized roadmaps.
- Enhanced Financial Literacy – Provide embedded insights and education to help clients make informed decisions on complex wealth strategies.
- Seamless User Engagement – Ensure an intuitive, frictionless experience to encourage consistent platform usage and long-term financial discipline.
- Behavioral Shift – Move clients from reactive money management to proactive, strategic wealth growth through data-driven recommendations.
Secure, Real-Time Financial Platform: All in One Place
The vision was clear: build a single platform where high-net-worth individuals could see, plan, and optimize their entire financial universe, without jumping between spreadsheets, banks, or advisors. The result? A secure, real-time financial hub powered by:
➤ Open Banking APIs (Plaid) for seamless bank integrations
➤ AWS-hosted web/mobile apps (Angular + Spring Boot) for accessibility
➤ Monolithic architecture ensuring stability at scale
How It Works: Your Financial Command Center
Smart Goal Tracking
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Retirement Planning
Forecast future needs, adjust savings automatically, and watch your net worth grow with dynamic projections.
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Emergency Fund Builder
Set targets, track progress, and get AI-powered tips to stash cash faster without derailing other goals.
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Debt Paydown Engine
Crush high-interest debt first with optimized payoff plans that update as your finances change.
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Custom Goal Hub
From dream homes to bucket-list trips, set any target and get step-by-step guidance to hit it sooner.
Always-On Financial Pulse
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Instant Net Worth Snapshot
Every account, investment, and loan in one dashboard, updated like a stock ticker.
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Real-Time Spending DNA
Transactions categorize automatically, so you see where money moves the second it happens.
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Cross-Platform Wealth Sync
Open banking APIs (Plaid/Yodlee) pull live data from banks, brokerages, and crypto wallets, no manual logging.
Features Built for Financial Fluency
User Management
➤ Secure Signup & Login
➤ Profile Management & Picture Upload
➤ Password Recovery
➤ Family Account Support
➤ Account Deletion & Customer Support
Financial Data Integration
➤ Real-time Data Sync (Open Banking)
➤ Holistic View of Financial Accounts
➤ Budgeting & Expense Management
➤ Budget Creation & Tracking
➤ Real-time Expense Categorization
➤ Spending Analysis & Recommendations
Investment Management
➤ Investment Tracking
➤ Asset Allocation Insights & Tracking
➤ Real Time Portfolio Monitorin
Educational Content
➤ Videos & PDFs on Financial Literacy covering various topics like Budgeting, Investing, Retirement, Financial Psychology
Goal Management & Recommendations
➤ Personalized Savings Recommendations
➤ Goal Progress Visualization & Tracking
➤ Real-time Debt Monitoring
➤ Expense & Income-based Goal Insights
Notifications & Personalization
➤ Personalized Financial Insights
➤ Risk Assessment
➤ Notifications & Alerts
The Ripple Effect of Smarter Money Management
Our platform didn’t just change how users tracked finances; it rewired their relationship with money. There was a 72% rise in monthly active users, and 89% of clients reported.
Clarity Replaced Guesswork
Clarity Replaced Guesswork
Real-time insights and unified data transformed confusion into confidence, giving users an instant pulse on their financial health.
Decisions Became Intentional
With structured goal frameworks and AI-driven nudges, every dollar found purpose whether for growing wealth, reducing debt, or securing futures.
Engagement Turned into Habit
Interactive dashboards and milestone celebrations kept users invested, turning sporadic check-ins into consistent financial rituals.
Automation Unlocked Efficiency
Open Banking erased manual tracking, freeing users from spreadsheets while ensuring data stays razor-sharp and secure.
Wealth Became a Unified Story
For the first time, users saw net worth, investments, and goals woven together, not as isolated numbers, but as chapters of one financial journey.
About Indium
Indium is an Al-driven digital engineering company that helps enterprises build, scale, and innovate with cutting-edge technology. We specialize in custom solutions, ensuring every engagement is tailored to business needs with a relentless customer-first approach. Our expertise spans Generative Al, Product Engineering, Intelligent Automation, Data & Al, Quality Engineering, and Gaming, delivering high-impact solutions that drive real business impact.
With 5,000+ associates globally, we partner with Fortune 500, Global 2000, and leading technology firms across Financial Services, Healthcare, Manufacturing, Retail, and Technology-driving impact in North America, India, the UK, Singapore, Australia, and Japan to keep businesses ahead in an Al-first world.
