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Finance Solution
Our team joined this project to develop a qualitative lending software for the customer and to bring it to a new level. The first step was to evaluate the needs and capabilities. After evaluation, LanguageLoop team has developed a range of opportunities and improved the project further by covering the critical areas.
Client Profile
A known FinTech company approached LanguageLoop when they were looking for a solid product engineering partner for their enterprise Loan Portal project. The task was to improve its efficiency and operational productivity. The aim of their platform is to grant a person a loan based on the personal information submitted in an online form. The key is to provide the proper process of evaluation of the solution to ensure the appropriate customer experience.
Client Challenges
The difficulty of this project lies in the different modes in which the parties prefer to store information. For example, a customer's site has a distinctive structure. Each information holder stores the data differently. The complexity lies in API communication. In addition, our team ensures the solution’s information-related practices correspond with the ones used by information providers. As a result, the system knows how to correctly send and decode the data.
Engagement Objectives
Focusing on Back-end functionality, our specialists ensured: Integration with API of information providers, report generation, and notifications for decision-makers if data was not properly collected. Our team also worked on the front-end using Angular.
Goals
The company officers should have an opportunity to approve or decline loan applications, improve UX/UI, automate data, and mitigate risk. Our lending solution helps eliminate risks by issuing loans to trustworthy individuals only. LanguageLoop takes ownership of the work done and continues to support the system’s maintenance.
