Credio

What matters for loan facilities are the decision speed, immediate analysis of big volumes of data, perfect precision and absolute security. Owlab has developed a product that addresses these factors and transforms customer experience. The created credit system includes the following solutions:

1. A web platform and mobile applications were developed from scratch to deliver a superior user experience on any device. Particular attention was paid not only to the server side of the products, but also to their UI/UX design, which affects the way clients treat the company and their decision to cooperate.

2. Credit scoring to assess the client’s diligence and solvency. The solution is integrated with UK banking institutions and KYC (Know Your Customer) services to obtain data on the user's credit history. A separate intrusion prevention system has been developed to monitor suspicious behavior patterns to strengthen fraud-prevention measures. Using the received data, the user is automatically assigned a credit rating with the corresponding CRM record.

3. CRM for credit business management is a powerful tool to increase business efficiency, allowing you to automate and control most work processes, organize and store data, as well as get instant access to it when needed.

Owlab’s experts offered the customer unique solutions and selected the optimal technological stack, making it possible to create the most secure product that would resolve the defined business targets.

For any financial product, perfect performance and resilience to any failure is a must. Special attention was paid to prompt elimination of any technical issues: the quality control process is fully automated and performed without additional engineering efforts. When extending the already working product's functionality, the customer instantly receives feedback on issues caused by changes in the code of web and mobile applications. This allows the development team to quickly resolve any issues and eliminate the risk of system failure. The applied efforts resulted in significant time and cost savings.

The final solution includes a full suite of financial data reports augmented with powerful features like interactive data visualization, point-and-click peer-group builder, exporting capabilities, “smart” bank search, geo-location and custom mapping features.