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Robo-advisors’ functioning is based on algorithms that allow platforms to suggest investment strategies based on large amounts of data which is received from different sources. Thus, robo-advisors use various data types; all this data should be collected, stored, secured, transformed, analyzed, and reported.

MySql is most commonly used by robo-advisors. However, NoSQL databases are also used (Cassandra, Redis, etc.).

Infographics: Databases in WealthTech platforms

The research is based on data received from open sources: AngelList, StackShare, LinkedIn.

Find out what technologies are used by the key robo-advisors for their backends and frontends.

When Salesforce Integration Becomes a Problem

When Salesforce Integration Becomes a Problem

B2B WealthTech software providers integrate with Salesforce to make their own platforms more attractive for existing and potential users. In today's article, we look through pitfalls in the Salesforce integration…

Pitfalls of Integrating WealthTech Platforms

Pitfalls of Integrating WealthTech Platforms

The industry requires all FinTech players to be flexible, integrable, and snap-in. In this article, we pay attention to integrating platforms through API because it’s the most widespread type among…

Are Hadoop and Spark Silver Bullets for Financial Market Data ETL?

Are Hadoop and Spark Silver Bullets for Financial Market Data ETL?

Robo-advisors are platforms with rapidly growing data pools. The efficiency of a particular robo-advisor depends on the number of securities covered (scope) and the historical depth (number of years) of…

Technologies Used by Robo-Advisors for Frontends (Infographics)

Technologies Used by Robo-Advisors for Frontends (Infographics)

To create frontends for robo-advisors, generally, frameworks, such as AngularJS and React, are used. Unlike most frontend frameworks, PHP performs server-side operations in addition to the client-side script. This is…

Technologies Used by Robo-Advisors for Backends (Infographics)

Technologies Used by Robo-Advisors for Backends (Infographics)

The efficiency of robo-advisors generally depends on algorithms selected. However, technology stack used for the software platforms has a significant impact on satisfying clients’ expectations such as the system performance,…

Microservices Architecture for WealthTech Projects

Microservices Architecture for WealthTech Projects

Nowadays, robo-advisors have become widespread. These services enable people with relatively low-value investable assets to benefit from online finance and portfolio management. Robo-advisors are automated tools that use a variety…