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AWS-Based Lending Platform Development

Services Covered:

Custom Software Development
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Industry
Industry

Financial Services

Duration
Durationinfo-circle

21 months

Budget
Budget

200K - 999K

Start Date
Start Date

1 November 2023

Team Size
Team Size

6-10

Engagement Model
Engagement Model

Offshore

Project Capability Score (PCS)

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76/100
Good

Project Capability Score (PCS) estimates how capable Relevant Software 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

Lending Institution

map Bahamas

Project Summary

Relevant Software developed a custom AWS-based software platform for a lending institution, building two investor-facing platforms and currently working on a third. The new platform improved operational efficiency, handled seasonal loan volume better, and helped increase the client's net profit by 25% year over year. The team uses Slack and Google Docs for collaboration; the engagement began in November 2023 and is ongoing.

Key Challenges

  • Customized third-party platform failed to meet the client's needs.
  • Required a new software solution built from the ground up to address unmet requirements.

Project Deliverables

  • Custom AWS-based lending platform
  • Data migration
  • Investor platforms (two completed, one in progress)

Project Solution

Relevant Software developed the client's lending software from scratch: they scoped the work, migrated existing data, and built two investor-facing platforms while working on a third. The vendor guided technology choices and implemented the solution on AWS. The engagement involved a cross-functional team of roughly 9–10 people, including business analysts, a project manager, DevOps, developers, and a UX/UI designer.

Project Outcome

  • Net profit increased 25% year over year.
  • Improved efficiency and bandwidth in handling loan volume, reducing wait times during peak season.
  • Platform supported processing of around 7,000 loans annually.
  • Better customer experience and ongoing improvements.
  • Project exceeded initial timeline and budget due to unforeseen scope.

Platforms

  • CloudCloud

Tech Stack

  • Amazon Web Services (AWS)Amazon Web Services (AWS)

Client Endorsement

Overall Review Rating

4.88star

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“The new platform has significantly improved the client's efficiency and increased their net profit by 25% year over year. Relevant Software uses specific tools, such as Google Docs and Slack, to manage tasks and communication. Moreover, their transparent approach makes them easy to collaborate with.”

Anonymous

CEO

Note: This endorsement is based on publicly available client feedback from external review sources.

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