endorsedCompleted

Python Backend for Peer-to-Peer Lending Platform

Services Covered:

Custom Software Development

Industry

Information Technology

Duration

7 months

Budget

50K - 199K

Start Date

1 July 2016

Team Size

1-5 Employees

Engagement Model

Offshore

Project Capability Score (PCS)

80/100

Strong

Project Capability Score (PCS) estimates how capable AnvilEight is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

Confidential

Toronto, Canada

Project Summary

AnvilEight developed the Python backend for a third-party peer-to-peer lending platform, implementing complex loan risk and cash-flow calculations in coordination with the client's financial data scientist. The vendor delivered backend code, validation checks, and integration support while working closely with project managers. The client found the team hardworking, responsive, and solution-oriented but ultimately discontinued the engagement for cost-benefit reasons.

Key Challenges

Establish a peer-to-peer lending platform with origination credit and expansion into other markets
Build an application to run internal checks and balances for risk adjudication and client risk assessment
Integrate complex loan risk calculations into the backend

Project Deliverables

Backend development
Loan calculation and risk modules
Checks and validation for calculation results
Integration support into the application

Project Solution

AnvilEight implemented the Python-based backend focused on loan calculation and cash-flow risk logic, leveraging existing Python libraries where appropriate. They ensured calculations executed correctly by adding checks and validation and worked with the client's financial data scientist to capture the loan math. They delivered integration support to the project manager to incorporate the backend into the application.

Project Outcome

Client chose not to launch the platform and discontinued the engagement
Vendor maintained close collaboration via Trello and daily communication
Vendor was described as responsive and solution-oriented

Platforms

Tech Stack

Python

Client Endorsement

Overall Review Rating

4.13

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Ultimately, the third party client decided that continuing to partner with AnvilEight was not worth the cost-benefit tradeoff of outsourcing. However, for the duration of their work together, Anvil was found to be hard working, responsive, and solution oriented.”
Oliver Centner
CEO
Date: 08/16/2017