case-banner

Financial Planning Software Modernization

Through microservices, Azure integration, and UI/UX upgrades, CHI Software delivered a strategic financial software modernization that enabled real-time planning, secure scaling, and multi-market expansion for a fintech SaaS provider.

Quick Project Facts and Key Achievements

Quick project facts

Client Industry

FinTech

Client Location

Singapore

Challenge

Legacy system with low scalability and engagement.

Solution

Financial planning software upgrade with optimized architecture and security.

Team Size

12 specialists

Timeline

6 years

Project key achievements

60%

increase in customer engagement driven by interactive financial visualization.

20%

higher sales for banks, advisors, and insurers using the platform.

80%

scalability improvement after migrating to a microservices architecture

60%

higher customer trust followed the successful implementation of SOC 2 compliance, delivered as part of a comprehensive financial software modernization by CHI Software.

Story Behind the Numbers

CHALLENGE

Our client had extensive experience in finance and a clear understanding of a common problem: many people struggle to plan their finances because most tools feel complicated, time-consuming, or difficult to understand. Even users who wanted to plan long-term finances often abandoned the process early.

Still, their existing financial management system also had its limitations. It was built as a monolithic application, which became increasingly difficult to maintain as new features were added. When it became clear that performance issues, slow release cycles, and limited scalability were hindering support for growth and enterprise customers, that’s when they contacted CHI Software.

ENGAGEMENT STAGE

Our role on this project focused on ongoing financial software modernization, release support, and long-term maintenance. We worked toward improving stability, reducing technical debt, and gradually upgrading the platform, all the while ensuring that sensitive financial data remained secure and accessible at all times.

To continue developing the product and offer it to banks, insurers, and advisory firms, the client needed a structured financial management software modernization that addressed both user experience and system reliability.

TRANSFORMATION

The platform needed to undergo a steady modernization of financial planning software rather than a single rewrite. This approach reduced risk and allowed the client to continue adding new functionality.

SERVICES PROVIDED

Key Areas for Improvement

01
Workflow Automation and Budget Planning

The client’s existing legacy system required its staff to complete too much manual data entry. Through the budgeting software modernization, we introduced a drag-and-drop approach to financial planning. This allowed users to add life events – such as buying a house or relocating abroad – directly to an interactive visualization, thereby enabling them to picture the impact on their long-term economic security.

02
Advanced Forecasting and Analysis

Traditional tools often fail to account for life’s curveballs. We focused on modernizing financial planning software to incorporate simulations of unemployment, illness, and market volatility. This provided users with a realistic view of their revenue and savings prospects under various scenarios.

03
Interpretation of Complex Financial Metrics

Another of our goals was to move away from presenting users with static spreadsheets alone. The updated platform can transform raw financial data into a graphical representation, giving users a snapshot of their current financial status and projections for each future year of their life expectancy. This visual-driven approach is now the core of the platform's competitive advantage.

04
System Scalability and Performance

The original monolith struggled to handle the additional demands of institutional partners such as banks and insurers. By modernizing the SaaS financial platform architecture, we ensure that the system can support increased user volume without a spike in operational costs.

05
Integration and Security Modernization

No modern fintech tool can exist in isolation. That’s why we implemented robust API integrations and attained SOC 2 compliance, proving that the modernized application adheres to best-in-class security practices for protecting sensitive personal data.

Our Implementation Approach

STRATEGY

Our strategy was built on the principle that financial management system modernization should prioritize user engagement without compromising on technical rigor. We adopted a “clean code” philosophy to reduce technical debt and improve performance.

DEVELOPMENT PHASES

01
Code Refactoring & Unit Testing

A complex and difficult-to-maintain codebase was significantly improved by refactoring and comprehensive unit test coverage – this enabled early and reliable detection of defects before they can impact users.

02
Modern Architecture Migration

A pivotal step in modernizing the SaaS financial platform was transitioning the application from a single legacy monolith to a microservices architecture to ensure high reliability and future-proof the software.

03
API Integration Enhancement

Integrations with third-party services such as Stripe and Twilio were implemented to provide stable, secure access to payment processing and communication capabilities.

04
UI/UX Signature Visualization

Our team contributed to the solution's signature visualization, introducing a drag-and-drop approach for adding events to financial graphs, thereby maximizing user convenience.

05
Cloud-Based Scalability

Using Azure DevOps and related services, we created a cloud-native environment that supports multi-currency options and real-time data analytics.

Technology Stack

  • ASP.NET MVC
  • ASP.NET Web API
  • .Net Core
  • .Net 6
  • SQL Server
  • AngularJS
  • LitElement
  • Azure DevOps
  • Azure Blob Storage
  • Azure CDN
  • Event Hub
  • Azure Active Directory

Visual Highlights

gallery-slide
gallery-slide
gallery-slide
gallery-slide
gallery-slide
gallery-slide

Product Features

INTERACTIVE VISUALISATION

Graphical representation of financial status for each year of life expectancy.

DRAG-AND-DROP PLANNING

A simplified approach to adding life events (property, education, trips) to financial graphs to support budgeting software modernization.

ADVERSITY PLANNING

Features that simulate unforeseen financial disruptions like unemployment, illness, or death to plan mitigation strategies.

SIMULATED INVESTMENTS

Scenarios showing projected values and payouts to set realistic expectations.

PERSONALIZED RECOMMENDATIONS

Suggested financial products based on individual data to improve economic outcomes, enabled by modernizing financial planning software.

MULTI-CURRENCY SUPPORT

Ability to choose main and dedicated currencies for different line items.

HOUSEHOLD ANALYSIS

Comprehensive analysis for the whole family, including children and spouses.

Measurable Improvements

+60% CUSTOMER ENGAGEMENT

Visual and interactive tools delivered through our financial software modernization efforts demonstrably increased user engagement.

+80% SCALABILITY

The platform was able to successfully handle a massive influx of users without any performance degradation.

+20% SALES GROWTH

Financial advisors reported higher conversion rates due to increased satisfaction with the financial planning software upgrade.

SOC 2 COMPLIANCE

Rigorous security modernization and a financial management software modernization roadmap achieved an increase in customer trust by 60%.

MARKET EXPANSION

The technical superiority of the engine and the successful tech stack upgrade allowed the client’s business to expand from Asia into the European and U.S. markets.

Interested in Similar Enhancements?

Modern fintech demands solutions that are both powerful and pleasant to use. CHI Software helps companies transform legacy systems into high-performing SaaS platforms that drive engagement and secure user data.

If your organization is looking to modernize its financial management system, this project demonstrates our ability to deliver award-winning results.

OUR EXPERTISE

  • Financial planning software upgrade for improved user retention.
  • Modernizing SaaS financial platform with microservices and cloud-native tech.
  • Fintech software development focusing on SOC 2 compliance and security.
  • Software modernization to eliminate technical debt and improve performance.

INDUSTRIES WE SUPPORT

  • Banking and Fintech
  • Insurance (Insurtech)
  • SaaS and Digital Finance Providers

Related cases

All cases

FMS Modernization

By automating financial processes and modernizing architecture, CHI Software helped a fintech client grow faster, scale smarter, and report with 50% more accuracy.

Read more

Let’s bring your idea to
life together!

    Your personal data is processed in accordance with our Privacy Notice
    Successfully applied!