Development of an Embedded Flexible Business Credit Platform for SMBs

The client faces difficulties in delivering accessible, flexible credit solutions to SMBs within their complex existing banking and financing ecosystem. Their current web application lacks support for dynamic credit instruments that allow businesses to withdraw as needed, with interest charged only on borrowed amounts. Integrating complex financial calculations and business rules into their infrastructure has been challenging, limiting their ability to innovate rapidly and meet market demand for more sophisticated, client-centric financial products.

A mid-sized financial institution focusing on providing innovative credit solutions tailored for small to medium-sized businesses, seeking to expand their product offerings and seamlessly integrate new financial products into their existing digital ecosystem.

• Design and implement a robust, secure, and scalable financial platform that supports flexible credit products such as business lines of credit.
• Ensure seamless integration of new credit functionalities into the existing web application infrastructure.
• Implement complex financial modeling and business rules accurately, supporting dynamic withdrawal and interest calculations.
• Enhance the existing application to support rapid deployment of new credit features with minimal operational disruption.
• Improve client experience by enabling more accessible and customizable credit options for SMBs.
• Achieve compliance with relevant security standards (e.g., SOC2) to protect sensitive financial data.
• Enable real-time or near-real-time processing of credit transactions and calculations to support high performance and scalability.

• Integration of a robust backend supporting complex financial calculations, including interest accrual and business rules.
• Ability for clients to withdraw funds as needed (ad hoc access), with real-time updates to available credit balance.
• Interest charged only on amounts borrowed, with flexible repayment options.
• Secure, user-friendly web interface with clear visibility into credit usage and financial metrics.
• Support for rapid feature deployment through an iterative development process and agile workflows.
• Compliance with SOC2 and other relevant security standards to ensure data protection.
• Deployment on cloud infrastructure with high availability, scalability, and performance optimization.
• Incorporation of detailed business rules and logical frameworks from large data sheets and financial models.

• Existing web application infrastructure for seamless feature extension
• Financial data sources and business rules repositories for accurate calculations
• Secure APIs to third-party verification or credit scoring services, if applicable
• Monitoring and logging systems for performance and security oversight

• High scalability to support growing transaction volumes and user base
• Low latency processing for real-time credit and interest calculations
• Strong security and compliance (e.g., SOC2 standards)
• Reliable performance with 99.9% uptime targets
• Flexible deployment architecture supporting rapid updates and testing

The implementation of an embedded, flexible business credit platform will enable the client to offer innovative credit solutions tailored to SMB needs, resulting in increased market competitiveness. It is expected to attract new customers, strengthen relationships with existing clients, and expand their credit portfolio. The new system aims to improve operational efficiency, enhance customer experience, and support scalable growth with the ability to adapt rapidly to evolving market demands.