A FinTech Tool to Provide and Manage Short-Term Loans

Project overview

An investment company that specializes in providing short-term loans to individuals, operating in different countries.

Application functionality

• Checking the possibility to issue loans to the clients (scoring model)
• Control of all applications and loans
• Customization of pages in WEB system with the appropriate CMS system
• Possibility to customize different entities in the system (currencies, invoice items, notifications, discounts and so on)
• User group administration (with a wide range of rights in the system)
• Debt collection division
• Integration with adoptive WEB system (client profiles and availability to apply for loans)
• Export of needed information in XLS and import in the appropriate format

Solution

Results

Flexible system with some additional changes (change of the credit history mapping and some other additional features) for separate countries allows to implement business in different countries (all in all the business works in 14 countries all over the world).

• The implemented flexible system has allowed the customer to expand its business to 14 countries;
• A 7% reduction in overdue debt has been achieved through assistance services and integration with collection services;
• The customer experienced a 13% growth in the number of clients re-applying for loans within the first year.