Some details
The Credit Decision Platform (CDP) is a multi-modular solution for both manual and automatic loan origination application processing.
- Fast development and delivery in less than 3 months.
- Fail-proof integration with all the internal and external systems.
- Processing of 1,000 applications in less than 15 minutes.
- Fast and easy adaptation to new business requirements without
To meet the strict deadline and the requirements elicited at the business analysis stage, RND Point’s engineers used the cloud-based FICO Application Studio, which is built on the OutSystems Rapid Application Development platform.
Thanks to our choice of effective and reliable development tools, the development process itself was straightforward and well-paced, with no unexpected issues.
Our engineers finished the development and delivered the fully functional credit decision platform within the contractual terms.
IMPACT
- The very first stress testing showed the credit decision platform could process up to 1,000 applications in 15 minutes. Before the delivery, it would take at least three months for the bank’s entire loan department to process as many applications.
- In the first year after the CDP launch, the bank reported its record revenue.
- Thanks to these achievements, we were able to carry on our collaboration with the bank with much more scaled-up projects. This collaboration is still ongoing.