Development of a Lending and Data Analytics Platform for Wealth Management Applications

The client’s existing wealth management application has gained popularity but lacks integrated lending functionalities and advanced data analytics capabilities. This limits the platform's ability to offer comprehensive financial services, optimize decision-making, and meet diverse customer needs, thereby restricting revenue growth and market expansion.

A mid-sized fintech firm specializing in digital wealth management solutions with a growing user base seeking integrated lending services and data-driven insights.

• Implement seamless lending functionality to enable loan origination, approval, and management within the platform.
• Develop a microservice architecture to facilitate secure and efficient communication with banking and credit check providers.
• Integrate business intelligence tools to analyze customer data, evaluate credit risk, and identify market opportunities.
• Design intuitive user interfaces for quick, streamlined loan applications and onboarding processes.
• Enhance platform scalability and responsiveness to support growing user demand and feature expansions.
• Drive increased revenue through interest-based lending products and attract a broader customer base by offering comprehensive wealth management solutions.

• Integration with banking service providers for ACH payments, account management, and loan disbursement.
• A microservice responsible for handling loan applications, eligibility verification, credit scoring, contract creation, repayments, and notifications.
• Interfaces with credit bureaus to retrieve borrower credit scores and histories.
• A data exchange hub aggregating information from all external services and internal databases, supporting real-time data flow and processing.
• Analytics modules to evaluate customer spending habits, creditworthiness, and market needs, informing targeted marketing and product strategies.
• User-friendly loan application interface facilitating rapid submission, automated data pre-filling, and electronic document handling.
• Post-approval onboarding and notifications to streamline customer engagement.

• Banking providers for ACH transactions and account management
• Third-party credit bureaus for credit score retrieval
• Loan account management systems for account opening and disbursement
• Internal customer databases for user profiling and onboarding

• System must support at least 10,000 concurrent users with minimal latency
• Secure handling of sensitive customer data in compliance with financial regulations
• High availability with 99.9% uptime
• Robust error handling and transaction recovery mechanisms
• Scalable infrastructure to support future feature expansion

The implementation of integrated lending and data analytics functionalities is expected to increase revenue through interest-based loan products, enhance customer acquisition by offering comprehensive financial services, and support strategic business growth. The platform aims to attract new customer segments, enable data-driven decision-making, and facilitate scalable expansion of financial offerings, leading to sustained market competitiveness.