A member of the HHW Group USA Alliance
- Case study · Fintech · B2B platform
FLX Networks
Where asset managers, wealth firms and advisers do due diligence in one place instead of over email
Engagement: ongoing
- Every user sees only what their role allows
- Due diligence with a start, a status and an end
The problem
Picking a fund manager used to be a six week email thread
When a wealth firm considers adding an asset manager’s fund to its platform, it runs due diligence: questionnaires, documents, calls, sign offs. Traditionally that is spreadsheets, PDFs and email chains, repeated for every manager and every firm, with no shared record of where things
stand.
FLX Networks puts the three sides on one platform. Asset managers publish their products and answer diligence once. Wealth firms run a structured review with a status for every step Advisers browse what their firm has approved and engage with managers directly. Everyone sees only what their role allows, and every action is logged.
Webatlas Technologies the platform, working with the FLX team on Financial data means the security bar is high, so that is where the story starts.
Key Capabilities
Due diligence with tracked steps
Adviser to manager messaging
Product marketplace
Roles: manager, firm, adviser, admin
Dashboards and reports
Cloud hosted, scales with users
APIs for partner systems
Reminders and approvals automated
Four screens from the platform
What it is built with
Frontend
- React.js, Angular
Backend
- Node.js, Python, Java
Database
- MySQL, MongoDB
Cloud & DevOps
- AWS, Azure, Docker, Kubernetes, Jenkins
Security
- SSL/TLS, OAuth 2.0, Role-Based Access
Analytics & Monitoring
- Google Analytics, Grafana, ELK Stack
Building software that handles other people's money or data?
What made it hard
Three user types, sensitive data, and a regulator watching
For managers, firms and advisers
Business challenges
What the three sides were living with:
- No shared place for managers and firms to work
- Due diligence repeated from scratch for every firm
- Advisers unable to see what their firm had approved
- Relationships tracked in personal inboxes
- Hours of manual work per review
- No audit trail when a regulator asked
Engineering
Technical Challenges
What we had to solve in the code:
- Encryption, access control and logging that would pass an audit
- Three workflows sharing one data model without stepping on each other
- Reports over large data sets that still load fast
- Scaling as more firms and managers join
- Integrations with partner financial systems that change on their own schedule
Five parts, from permissions up
Due diligence as a tracked process
A firm’s review becomes a sequence of steps with an owner and a status. Questionnaires are answered once by the manager and reused. Missing items and overdue steps trigger reminders. Every answer and sign off is dated and kept.
- Steps with owners
- Reusable questionnaires
- Reminders
- Full history
- STEP 01
Advisers and managers talk in one place
Advisers see the managers and products their firm has approved, and can message, request materials and book time inside the platform.
Managers see engagement across firms without chasing individual inboxes.
- Messaging
- Manager profiles
- Engagement tracking
- Relationship view
- STEP 02
A marketplace of approved products
Managers list products with documents and performance data. Firms approve what their advisers may see. Advisers browse a catalogue
that is already filtered to what they are allowed to use.
- Product listings
- Firm approvals
- Filtered adviser catalogue
- Document library
- STEP 03
Roles that match the industry
Asset manager, wealth firm, adviser and platform admin each get a scoped view. A manager cannot
see another manager’s diligence; an adviser cannot see products the firm has not approved. Every access is logged.
- Four roles
- OAuth 2.0 sign in
- Encryption
- Access log
- STEP 04
Reports for each side
Firms see review pipeline and turnaround. Managers see engagement and where they stand
in each firm’s process. Admins see platform health.Reports export for compliance files.
- Pipeline metrics
- Exportable reports
- Live dashboards
- Charts
- STEP 05
Problems on the way
Five things that were hard, and what we did
Security that would survive an audit
Solution
Encryption in transit and at rest, role based access on every query, and an access log that records who saw what and when.
Result
No unauthorised access incidents to date.
Three workflows, one data model
Solution
Designed one shared model for managers, products, firms and advisers, with each workflow reading and writing through the same API.
Result
A manager's answer in due diligence shows up in the marketplace and in the adviser view without being re entered.
Reports slowed as data grew
Solution
Added indexes for the real query patterns, cached the heaviest dashboards, and moved documents to object storage.
Result
Efficient processing and retrieval of large datasets with significantly improved speed.
Handling growth without downtime
Solution
Containerised the services and put them behind auto scaling and load balancing on Kubernetes.
Result
New firms and managers onboard without infrastructure changes.
Keeping partner integrations alive
Solution
Wrapped each third party financial integration with monitoring and clear failure alerts.
Result
A partner API change shows up as an alert the same day, not as a support ticket a week later.
- Where it stands
FLX Networks is live and in use by asset managers and wealth firms.
Webatlas continues to.Due diligence that used to live in email threads now has a status, an owner and a record.
~65%
Reduction in workflow processing time
Hear it from our clients
Reviews
What clients say after launch
Unedited reviews from real projects
The project went well, the team was professional and got up to speed quickly on the work and performed effectively. They help us get the project back on track and now we are in a good position. I will definitely use them in the future for subsequent tasks as they arise. I recommend them and look forward to working with them again in the future!
Jonathan Torleson
I approached Sunil to assist me with a specific part of a project. His quick understanding of the project and clear technical skill and proficiency resulted in his involvement growing into a lead role. Will definitely be working with again in the future.
Adam New
Rajvjay and his team delivered exactly what they promised on time and within budget. They handled every requirement with great care, and I have to say, they're true masters of process. I actually learned a lot about Agile practices and tools like Jira and Trello from them. I'd highly recommend this team to anyone who values a structured, process-driven approach for smooth and efficient project delivery.
Shivangi
Working with Arun has been a great experience! The team is very knowledgeable and has provided several design and product enhancement ideas along the way. I highly recommend!
Gil Comeaux
Sunil showed strong technical knowledge and delivered high-quality work. Communication was clear, deadlines were met, and they handled all tasks professionally. I would be happy to work with them again
Adam New
The RAPROD team sincerely appreciates the work delivered during the development phase. The contractor played an important role in building the core platform and helping establish a stable functional foundation with the current feature set. Their responsiveness, technical capability, and ability to execute on requirements contributed meaningfully to the project’s progress.
Mitesh Shetty
My second engagement with the WebAtlas team was just as great as the first. I handed off a very large codebase to them to take over from a previous developer, which was in a broken state, and they were able to effectively piece it back together, get it running again, and add new capabilities. I highly recommend the team, they are professional and easy to work with. They were flexible and responsive.
Jonathan Torkelson
Subsource
Ready when you are. Call or email
Call or WhatsApp
Email us