WealthOS, a leading provider of digital wealth management software, and Exactpro, a leading provider of software testing services, today announced a first in the wealth management industry – the release of the WealthOS platform for industry participants to experiment with.
The WealthOS platform is being released as a sandbox - an environment where established financial services providers and startups alike can experiment with building and innovating digital wealth management solutions, such as digital investment and retirement applications. WealthOS is a fully cloud-native wealth management platform. All the components needed to quickly design, test, and launch clients' digital wealth solutions are provided via WealthOS’s modular architecture and comprehensive feature set, including order management, payments, payments, KYC/AML, portfolio management and rebalancing, and tax wrappers.
The infrastructure leverages a unified API for frictionless connection between internal and external applications alongside a no-code marketplace of integrations for the smooth operation of digital and automated workflows. The marketplace offers integrations to third-party wealth ecosystem vendors, such as payment systems, market data providers and KYC providers. WealthOS aims to shorten time to market for its clients and cut infrastructure maintenance costs, allowing clients to profitably venture into new market segments and products.
To help increase the operational resilience of the WealthOS platform, deliver testing in the cloud and assure the platform's stability, reliability and safety, Exactpro has been using th2, its core framework for functional and non-functional testing of distributed transaction processing systems. For Exactpro, the steps to implement the project included developing a model-based test library covering end-to-end scenarios, building third-party simulators, reviewing functional requirements and conducting functional touch testing of the platform features.
Anton Padmasiri, CEO and Founder of WealthOS: “We are really excited to foster experimentation and innovation within the digital wealth management product space through our freely available sandbox. Our sandbox significantly reduces entry barriers by allowing users to create and test fully-functioning prototypes ahead of seeking internal approvals or external funding. Moreover, users, from large enterprises to startups, can rest assured that they’ll be experimenting with a reliable and safe platform that has met robust testing by Exactpro.”
Alexey Zverev, co-CEO and co-founder of Exactpro: "We are delighted to accompany WealthOS on their journey of innovation for delivering resilient, fast and cost-efficient cloud solutions to industry participants. The variety of the platform's features and integrations gives room to apply different testing solutions. We have been able to match the complexity of the platform's cloud-native architecture with a cloud-native test framework and a bespoke set of industry-proven test method capabilities. This has ensured swift test execution and extensive test coverage."