The client faces intense competition within the mature Nordic digital financial market, with loan seekers overwhelmed by complex, confusing loan terms and numerous providers. Existing platforms struggle with poor search engine visibility, high user churn during loan application workflows, inconsistent integration with bank backend systems, and limited transparency in product comparison. This hampers user engagement, reduces conversion rates, and limits the platform's ability to attract financial institutions as partners.
A mid- to-large size fintech company aiming to disrupt the digital lending marketplace by providing a comprehensive online comparison platform for various financial products, including loans and credit offers.
This platform is expected to significantly improve the client's search engine visibility, leading to higher website traffic and more inquiries. The streamlined user experience aims to reduce churn rate, increase loan application completion rates, and enable the platform to attract a broader range of financial institutions. Overall, the project aims to boost user engagement, facilitate more transparent financial decision-making, and expand the client's market share in the Nordic and new emerging markets, resulting in increased revenue and competitive positioning.