endorsedCompleted

Loan Processing and Risk Monitoring Platform for Retail Bank

Services Covered:

Custom Software Development • AI and Machine Learning

Industry

Financial Services

Duration

7 months

Budget

1M - 10M

Start Date

1 June 2017

Team Size

11-15 Employees

Engagement Model

Onshore

Project Capability Score (PCS)

73/100

Good

Project Capability Score (PCS) estimates how capable Aterise 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

Munich, Germany

Project Summary

Aterise developed a banking solution for a retail bank consisting of a digital loan application and a risk monitoring system. Built in Ruby on Rails, the project delivered a decision engine for loan approvals, payment integration for payouts, and a risk classification system. The vendor worked in Scrum to meet a strict six-month deadline and maintained strong communication throughout the engagement.

Key Challenges

Develop a digital loan application capable of processing applications and issuing payments
Build a risk monitoring solution to predict customer defaults
Deliver the complete functionality and frontend within a strict six-month deadline

Project Deliverables

Digital loan application (Ruby on Rails)
Decision engine for loan approvals and interest
Payment/payout integration to customer accounts
Risk management system for customer classification

Project Solution

Aterise built a Ruby on Rails application comprising a loan processing app and a separate risk management system. One team implemented the loan application, data collection, a decision engine to determine approvals and interest, and payout administration; a second team developed the risk monitoring system to classify customers by repayment behavior. The teams operated in Scrum with a shared Scrum Master and shared DevOps/UX resources.

Project Outcome

No concrete metrics were disclosed (confidential), but the client reported satisfaction and positive collaboration
The project was completed within the six-month timeframe using sprints and Scrum
The client praised the team's communication, dedication, and quality of delivery

Platforms

Tech Stack

Ruby on Rails

Client Endorsement

Overall Review Rating

4.75

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Despite a strict six-month timeframe, Aterise worked diligently to expedite the project, using sprints to prioritize their work. The team’s past FinTech experience and notable communication skills encouraged open transparency, which made project management a breeze.”
Anonymous
Former Project Manager
Date: 05/14/2019