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Development of a Secure Microloan Platform with Automated Verification and Admin Management System
  1. case
  2. Development of a Secure Microloan Platform with Automated Verification and Admin Management System

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Development of a Secure Microloan Platform with Automated Verification and Admin Management System

digitalsuits.co
Financial services

Challenges in Microloan Processing and User Verification

The client faced inefficiencies in manual user verification processes, lack of integration with Ukrainian banking systems, and security vulnerabilities. Existing workflows required users to manually submit documents for validation, leading to delays and human errors. The platform also lacked comprehensive administrative tools for loan management and compliance reporting.

About the Client

A Ukrainian startup providing microloans as an alternative to traditional banking systems, focusing on quick and low-hassle financial support

Key Objectives for Platform Development

  • Create a seamless user experience for microloan applications
  • Automate user verification through BankID integration with 30+ Ukrainian banks
  • Ensure compliance with Ukrainian financial regulations and security standards
  • Develop a centralized admin panel for loan tracking and user management
  • Implement credit scoring integration with Ukrainian Bureau of Credit Histories

Core System Functionalities and Features

  • BankID-based user registration and identity verification
  • Streamlined microloan application process with digital signatures
  • Admin dashboard for monitoring loan applications and user verification status
  • Credit scoring integration with external bureaus
  • Automated loan approval/denial workflows
  • Loan lifecycle management with accrual tracking
  • Compliance reporting tools for National Bank of Ukraine submissions

Technology Stack Requirements

Next.js
Google Cloud Platform (GCP)
Docker
Kubernetes (k8n)

Critical System Integrations

  • BankID authentication system
  • Ukrainian banking APIs
  • Ukrainian Bureau of Credit Histories (UBCH)
  • Payment gateway providers
  • SMS/email notification services
  • Document generation tools

Non-Functional Requirements

  • High-security standards for financial data protection
  • Scalable architecture for handling 1000+ concurrent users
  • 99.9% system availability SLA
  • Compliance with Ukrainian financial regulations
  • Low-latency transaction processing

Expected Business Impact of the Microloan Platform

The platform will reduce loan processing time by 70% through automated verification, decrease administrative workload by eliminating manual document checks, and enhance security compliance. The MVP will enable rapid market validation, improve user acquisition through simplified workflows, and ensure accurate regulatory reporting to the National Bank of Ukraine.

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