Time to market: Implement the investment platform to quickly launch their investment products by reducing the time in integration with multiple product providers and managing operational costs.
Case Study — Financial Services
How DRC Systems Simplifies Mutual Fund Investments With Digital Solutions?
- Mutual Funds
- Native iOS & Android
- KYC & SEBI Compliance
- Embedded APIs & SDKs
Overview of the Client
Who we built this for
A fintech company approached DRC Systems for the purpose of building a mobile platform that simplifies financial investments in mutual funds, making them affordable and accessible to Indians, specifically for small cities, minors, NRIs, etc. They also wanted to acquire information about the right web service provider that collects data on different mutual funds for investments. DRC Systems researched different components required to build the platform, allowing investment products and improving integration with financial product providers like mutual funds and fixed deposits. Besides this, they also allow embedded or infrastructure APIs for third-party companies to provide investment products.
Key Objectives
What the client needed to achieve
Besides building the core investment platform, the project also demanded improvements in domain-specific needs like smooth onboarding, regulatory compliance, and integrations with different financial systems. The primary objectives included:
Unit-based infrastructure: Build APIs, SDKs, or white-label tools that can be reused, are safe, and adopted by multiple clients with different investment products.
Low deployment and operation costs: Limit developer efforts, agency management costs, and dependencies on different external systems for each product. This will reduce the capex/OPEX for the platform and its customers.
User-based experience: Smooth onboarding and different user types support provide a smooth user experience along with offering micro-investment, transparency, simple KYC, and UI/UX.
Regulatory and compliance readiness: Make sure the integration is smooth with the right mutual fund registrars or agents, and the NAV or transaction data is accurate. Audit trails must also be mentioned along with KYC/AML compliance.
Key Challenges
Where this build got difficult
Some of the challenges that we faced while developing the investment platform for our client are:
Scattered systems
Bringing mutual funds, RTAs, and KYC processes together under a single and smooth workflow was a major challenge since all of them use different APIs.
Compliance and user identity
Making sure that compliance with SEBI, other regulatory bodies, PAN, and bank details is maintained.
Simple user interface
The UX must be simple for people from outside metro cities. Processes like payment, KYC, and risk assessment must be managed well.
Scalability and growth
Integrating many financial product providers leads to an increase in volume, so the platform must handle load and latency issues, maintain data integrity, and security.
API resolutions
Coordinating with third-party API providers like BSEStarMF, MorningStar, and CAMS to understand their API structure was complex.
Solutions Provided
What we actually built
We created a simple and smooth investment platform from scratch by exploring different third-party APIs and executed a strong Python-based backend for data processing and API integrations.
1
Backend Control
We used Python for complex mutual fund transactions, API integrations, and data processing that included:
- Acquiring bank details with IFSC code lookups.
- KYC verification automation through SMS services.
- Confirming accurate client details before transactions.
- Generating AOF and NACH Mandate forms as per BSE requirements.
2
Investment Management Features
We connected our Python-based APIs with our native iOS and Android apps to develop primary investment features like:
- Purchasing mutual funds directly from the app.
- Selling/redemption of the investments with real-time updates.
- View Portfolio History to track returns and holdings.
- Financial Calculators to display SIPs, PMT, and IRR for their portfolios.
3
Goal-based Investment Tracking
We used different Python-based algorithms to calculate:
- PMT for goal-based investments.
- Internal Rate of Return (IRR) for client portfolios.
- These results were displayed in native mobile apps as a Dynamic Goal Summary, offering users a live view of their progress in their financial goals and recommendations so they can stay on track.
Tech Stack
Core tech stacks we implemented
Tech Stack
Business Impact
What the platform changed
The investment platf orm was beneficial to our client because:
Faster time-to-market
With white-label, API, or SDK infrastructure, our client and its partners were able to launch new investments, fixed deposits, and mutual fund products relatively faster than building them from scratch.
Cost-efficiency
Due to common infrastructure, limiting the need for individual integration with multiple RTAs and using shared devices lowered both operational and development costs. The founders claim to have saved 80% of costs and go to market 8-10x quicker with the platform’s tech stack.
Increased outreach
The platform found an extensive audience from NRIs and minors due to small ticket sizes that ranged as low as Rs 100. This attracted customers from tier II and tier III cities.
Product diversification
This platform has provided multiple investment product types like mutual funds, equity advisory, peer-to-peer lending, fixed deposits, digital gold, and many more which increases the proposition value for users, reducing churn and increasing revenue.
Improved user experience
Smooth onboarding, simple UI, transparent fees, and risk profiling features have improved user trust and retention.
Turning Tech Challenges into Solutions!
The mobile investment platform went from a simple consumer-facing app to an infrastructure offering app. Investing in APIs, SDKs, or white-label capabilities, managing backend complexity of investment product integration, and focusing on user experience has helped our client increase their offerings. It has also helped the platform owners save time and resources to launch it and invite a larger audience to India’s wealth environment.
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