Data management solution 05 | 07 | 2022

Incorporating Power BI services into FinTech Solution

Data management in the Fintech sector is a significant tool for helping deliver the latest updates in the financial world. Companies across the globe develop from scratch or utilize the already existing solutions to provide the best user experience when working with financial technologies. In the article, we are reviewing our experience with building a data mining solution for our clients as well as the way we transitioned them to more scalable Power BI services.

Background: improving the decision-making process

Our client is one of the leading English companies providing an extensive range of services to large banks to improve the decision-making process. The main goal is to assist them in monitoring the use of documentation, define their purpose and minimize the risk of failure.

Among the utmost important tasks, the Agiliway software development team had to

  • build a BI solution that would provide visualization of huge amounts of data on information usage stored in MS SQL database;
  • make the platform generate interactive reports and charts;
  • allow financial institutions to manage access to their sensitive data and track users’ logs.

To perform the solution implementation, the client’s initial requirement was to build one from scratch rather than utilize the already existing services and incorporate them into their platform. This one was successfully accomplished, so the platform architecture comprises

  • Back-end using MS.NET and MS SQL databases to implement API, and
  • Front-end React application provides visualization of data analysis in the form of various interactive charts to provide accurate analytics.

Introducing Power BI to the FinTech service provider

After using the system for a while and analyzing the user experience, the new version of the solution was switched to Power BI, as it allows introducing changes to the information and entering new data without spending additional time on development and testing the charts’ behavior regarding the accuracy of the data visualization. With Power BI JS on the current version of the portal, all reports are rendered for Business Analysts utilizing the Power BI desktop application. The report is then accessed by the end-users.

Among many benefits of adding Power BI is that users can compose charts in their desktop application after connecting to all the necessary data sources. In addition, Business Analysts get access to insights on Risk Assessment based on the inserted data. These risks are thoroughly analyzed and generated into tables according to multiple filters, i.e. complexity, significance, contributing factors, etc. Furthermore, users can view each file separately, if they are more interested in a specific data dossier statistic.


Power BI Fintech

After introducing Power BI to the platform, it was decided to transition to other Microsoft products including Microsoft Single Sign-On and Azure Active Directory. This decision allowed using the service principle, where an organization gets a single license for all the users instead of buying separate ones.

Incorporating the MS services into the given FinTech solution led to saving a significant amount of time and effort on support, therefore, spending less money and getting a more flexible product. The Agiliway development team introduced a builder that allows our clients to introduce any changes and manage the reports on their own.

  • Node.js server on the backend which authenticates users via Microsoft Single Sign-On. If the user is within an organization and has all the necessary access. We then generate a special token from the Power BI service, which gives access to view the reports to all users added to the authorized group. This way there is no need to purchase separate licenses for each user.
  • Another service utilized in the product is Power Query, an interface for data import and editing which allows connecting external data to your service. This one is an advanced tool for Business Analysts who are looking for getting well-structured data with the needed logic to them. Moreover, the data can be transformed into any shape or content a BA envisages obtaining.
  • As to data security, the team utilizes Azure Active Directory. The Product Owner, or Administrator, defines a user or a group of users entitled to access to a specific scope of information. Azure AD is a cloud solution for data access management. Therefore, it ensures a high data protection level owing to the Microsoft SSO policy. All data is generated and stored on the client’s premises or in the cloud; therefore, no unauthorized access is possible.

In case the client doesn’t want to use the Power BI service, we also developed a simplified version of the solution. This way users can have a look at some of the potential the system has to offer. There is an overview mode, where one can see data in a chart and get to see what types of files were utilized to build the chart. If they want to see a more detailed report on data use, what errors the system shows, and so on, it is recommended to switch to Power BI.


Data accuracy and constant support are the key components of a successful FinTech solution. The incorporation of Microsoft services makes the support and data management process simpler. Moreover, the client does not need to spend additional time on development or support. The services the product connects to are easy to set and maintain. Adding Microsoft SSO along with Azure Active Directory ensures easy yet secure sign-in as well save reduces costs for purchasing multiple licenses for the users.

As of today, the solution is widely utilized and receives positive feedback from end-users. Business Analysts view it as a great tool while working with data. It helps determine what information delivers more value and calculate KPIs of the employees and departments based on the analysis of how well they use and interpret the available data.


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