bridging finance

Lending platform for UK’s fast-growing bringing
loans lender who offers bespoke short-term finance
solutions to property investors.

Giving you access to a wider range of home security products, including doorbells, intercoms and window / door security.

01/

Description

One of the leading bridging finance company in the UK, offers bespoke short-term finance solutions to property investors in the UK. The company is in operations since 2012 and are constantly transforming the bridging finance experience for borrowers and partners, so they can access the finance they need in a fast and flexible way. To date they have lent in access of £240m to borrowers.

Industry

Finance

Location

UK

SERVICES PROVIDED

- Lending platform development
- Business process workflow automation
- Financial reporting and analytical tool
- Responsive website development

02/

Requirements

Workflow automation for the borrower & brokers to apply and process loans online
Incorporate digital signatures to reduce paperwork and speed up the application process
Removing dependency of third-party island systems and applications to perform all operations on a single portal
Companies House integration for fetching the registered company details
Online KYC / AML checks
Reporting module - including Funder Statement, Borrower Statement, Valuation report, Loan TAP report, etc.
Establish a centralised communication channel within the application
Centralised document repository
Online payments options
Accounting software integration
Roadmap development of marketplace for funders, borrowers and brokers

03/

Challenges

Understanding the bespoke business processes for bridging finance
Learning financial calculations algorithms and implementation logic
Dividing the process into modules and manage bespoke development
Convert the long complex loan application forms into simple & quick web forms for borrowers & brokers

Managing workflows and versioning of all the applications with special conditions and connecting all the parties (brokers, borrowers, admin & valuers) on various stages for processing
Testing of calculations by performing hundreds of test cases for each operation
Integration with various third-party systems like accounting software, Experian (KYC / AML Check), Payment Gateway, Companies House Integration, DocuSign (digital signature)

04/

What we did

Project Management Approach

Leveraging on agile methodology for the iterative development process
Management and execution of product roadmap using various project management tools
Weekly online sessions with product owner for understanding of the flow, and business processes
Weekly online calls for task prioritisation & sprint planning
Bi-weekly sprint review & retrospective meetings with scrum master & product owner

Product Development

Development of workflow automation tool for loan processing
Incorporated various features & functionalities for approved loan:
- Loan Fees Module
- Borrower & Funder Statement
- Loan Extension
- Net to Gross & Gross to Net calculations
- Loan Redemption
- Loan mark as default
Implementation of a centralised communication channel to perform all the communications from the portal
Comprehensive reporting tool for various reports like loan reports, income & expense reports, etc.
Seamless integration with third-party applications like Companies House, DocuSign, Postcode Finder
Enabled borrowers, brokers & funders with hands-on information about their loans and applications via their respective portal

Future Roadmap

Centralised document repository
Payment Gateway Integrations
KYC / AML checks via Experian Integration
Accounting Software Integration
Dashlet integration with custom widgets development
Roadmap development for marketplace for funders & borrowers

05/

Outcome

Ready to realise your
website design advantage?

We’re here to help you succeed online. We’re always happy to
have a chat about a new project and explore how we can
partner to realise your digital advantage.

Drop us a line