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Development of Automated Factoring Platform with AI-Driven Credit Risk Assessment

itmagination.com

Financial services

Insurance

Information technology

Challenges in Traditional Factoring Services

Manual and time-consuming invoice processing, integration complexity with over 30 external systems, slow credit risk assessment workflows, and compliance with stringent financial regulations hindered efficient service delivery for SMEs in Poland.

About the Client

Modern financial institution specializing in factoring services for micro and small enterprises, part of the Kaczmarski Group

Project Goals

Automate invoice validation and credit risk assessment workflows
Integrate with 30+ economic intelligence agencies and payment processors
Reduce financing approval time to under 15 minutes
Ensure compliance with AML and data security regulations
Support flexible pricing configurations for partner networks

Core System Functionalities

Digital invoice validation within 15 minutes
Proprietary AI/ML-based Decision Engine for credit scoring
Integration with external data sources (KRD BIG, CEIDG, etc.)
Online credit risk assessment portal for SMEs
Reverse factoring module with instant payment options (BLIK, PayByLink)

Technology Stack

Decision Engine

BlueMedia payment gateway

FairPay integration

Cloud-native architecture

External System Integrations

Economic intelligence agencies (KRD BIG, ERIF, CEIDG)
Payment processors (BlueMedia, BLIK)
Banking systems for account servicing
General ledger and compliance reporting tools

Non-Functional Requirements

Scalability to handle 100K+ monthly transactions
99.99% system availability SLA
Real-time fraud detection capabilities
GDPR and PSD2 compliance

Expected Business Impact

Enable 24/7 access to instant financing (under 5 minutes approval), projected to service 4,000+ SME clients and process €120M+ in invoices annually, while reducing operational costs by 40% through automation.