A consumer lending platform on the Australian financial services market
Learn how HES LoanBox helped to launch the Australian lending business from scratch within 2 months.
Rapid business launch
As a startup without an initial loan management system in place, they not only needed guidance on financial business strategies but also a rapid entry into the market. Their vision was clear – a holistic loan processing system that included features like digital loan origination, automated underwriting, a streamlined document workflow, efficient loan registration, and flexible management capabilities. These were non-negotiables, forming the core of their requirements.
Providing a ready-made lending solution
After an in-depth analysis of the customer requirements, the Business Analysis team at HES FinTech determined that the HES LoanBox ready-made lending platform aligns perfectly with the client’s needs. The off-the-shelf solution was rapidly adapted to the nuances of the Australian finance market. Swift integration of HES LoanBox with the Illion Open Banking facilitated the retrieval of bank account data for potential borrowers. Our technical experts successfully linked the SquarePay API to ensure secure online transactions.
This client now leverages customizable credit products, task management, and end-to-end automated loan servicing. At the customer’s behest, we slightly adjusted both the landing website and the borrower portal to adhere to the client’s brand identity.
to submit a loan application
time to market
digital loan processing
2 months from idea to working business
HES FinTech opened the door to the world of digital lending for the Australian lender. The software configuration took us only 2 months to complete. After this, the client officially launched their platform online and started to issue the first loans. In the first month of business operation, the company originated dozens of loans, catering financial services to numerous clients. Our ready-made lending platform HES LoanBox has become the main tool for digital lending operations. It ensures seamless online onboarding: it takes only 8 minutes to submit a loan application, and the borrower receives application approval within 1 business day.
Here at HES, we’re looking forward to the further growth and financial success of our client.