Microfinance Product Engineering for Finitera

Client

Finitera is a financial services business working in the unsecured lending and alternate finance industries. The company offers personal loans to individuals and businesses across three geographical markets. Finitera employs an in-house team of over 450 employees and outsources a dedicated team of 10 professionals from Smart IT.

Brief

The Client originally acquired an out of the box-solution that had to be further developed into a fully working digital service. They realized that they needed to quickly assemble a team of software developers, who could adapt the software to their needs without having to go through a time-consuming talent sourcing process. Moreover, Finitera wanted to expand the business into new markets, which required making modifications to the software to comply with local regulations.

Challenges and Solutions

Finitera turned to Smart IT for software development and quick ramp-up of a dedicated team of software engineers and managers.

• Extensive business analysis of new market requirements
• Module and feature development for new workflows
• Core platform design and customization
• MVP developments for new jurisdictions

The lending platform would not be able to function without a number of third-party application integrations, allowing communication with:

• Bank platforms
• Credit history systems
• Payment service providers