COVID-19’s nationwide lockdowns have forced countless portfolio managers and financial advisors to work remotely – many for the first time – stretching the limits of fintech into a new, remote light. Portfolio managers’ portfolio construction and optimization technology are primarily from legacy providers that lack the agility to adapt to this new working environment.
At the same time, financial advisors face a period of heightening client communications that require an ability to display proposed fixed income portfolios to clients virtually. To support these portfolio managers and financial advisors during this turbulent time, the fintech is offering free consultations and trial period of its scalable portfolio construction platform. Bond IT is an independent portfolio construction technology provider for fixed income.
With BondIT, users remote-working can:
- assign and share investment portfolios across their businesses in any geography, enabling them to collaborate on ideas together and to re-route work, based on resource availability
- use intelligent algorithms to automate a manager’s process to rebalance or optimize portfolios, based on market changes, without the need for manual user inputs
- configure the BondIT system to run or adjust portfolios automatically based on manager-defined events or at set times throughout the day, creating an automated workflow that can review and optimize portfolios in step with the needs of managers and investors alike
- produce controlled client proposals and reports
Adrian Dixon head of Markets at Bond IT, added that the BondIT platform is deployed using a multi-tier architecture and makes use of a range of defense mechanisms in response to ever increasing range of cyber security threats.
The BondIT platform is a SaaS solution deployed within Amazon Web Services (AWS) underpinned by the secured AWS Relational Database System (RDS) with access control, Network Isolation and Firewalls. In addition there we have logical separation of the Database tier through the implementation of a trust-based micro-services architecture with separation of Portfolio and Client Data through unique instances of RDS.
Access to Portfolio and Client data is protected through the use of JSON Web Tokens which are issued via a separate Identity Access Management (IAM) component. Strict Access Control Lists (ACL’s) are defined and implemented across each of the Firewalls with backend components further governed and controlled for access via the use of AWS Virtual Private Cloud (VPC).
Finally, data transport and communication between layers is encrypted with all external data transfers required to use the HTTPS protocol.