Trility partnered with a client to build a financial data exchange platform from a foundational concept into a fully operational system. This multi-year project allowed the client to launch the innovative retirement platform that is now fully scaled, supporting daily interactions for participants and positioning the client for aggressive growth goals.
The client's new retirement financial product, developed following the SECURE Act 2.0, required a sophisticated, operational platform. As a first-to-market startup, the initial platform lacked user-facing components, making it heavily dependent on developers for nearly all production support and operational activities.
This technical bottleneck was a significant constraint on the business users’ ability to manage and operate their offerings, and it hindered the client’s ability to scale and quickly grow a participant base. The platform also needed to be built cost-effectively but with a clear path to high security, performance, and massive scalability to handle an aggressive growth plan targeting up to a million participants.
Trility employed an agile and highly adaptive engagement model, constantly prioritizing an MVP approach to meet the client’s evolving business needs and cost-conscious environment. Our team established strong, cohesive relationships with key stakeholders for features and security/infrastructure by facilitating workshops and establishing a common vocabulary through visualized roadmaps. The technology stack included:
Cloud Infrastructure: Built on a robust AWS stack to ensure security and scalability, utilizing standard subnetting and services.
Data Exchange: Implemented AWS Transfer Family for SFTP and managed API interactions.
Data Management: Used Postgres and MariaDB for the backend database.
Application Services: Utilized ECS for API container deployment.
Security & Monitoring: Deployed AWS WAF for security and leveraged Sumo Logic and CloudWatch for comprehensive alert monitoring.
Functional Expansion: Added critical support for the SPARC financial standard, significantly expanding the platform’s reach to more financial partners.
The client received a highly functional and scalable platform to bring a new financial product to market and secure new business.
Increased Capabilities: Delivered a fully operational administrative front-end, eliminating dependency on developers and empowered business and production support users to manage day-to-day operations.
Scalable Growth: Assured the platform's performance and scalability, verifying its ability to process data for a million participants potentially – a key factor in supporting the client's aggressive growth targets. The addition of SPARC support expands access to a wider ecosystem of financial institutions.
Operational Delivery: Delivered critical business functions, including the Income Activation process for retirees and a dedicated suite to manage the market or par rate auction process with external stakeholders.
Risk & Compliance: Provided continuous support for security efforts, including SOC 2 evidence collection and annual penetration/security scans.
Knowledge Transfer: Ensured future maintainability by creating extensive technical documentation.
