Canadian lender success story
End-to-end loan management software for consumer lending in Canada
Learn how HES FinTech helped a leading Canadian lender to optimize loan processing.
Challenge
Consumer loan management software development
A lending organization approached HES FinTech with an urgent need for a loan management system upgrade.
Their legacy software was outdated, lacked functionality, and caused operational costs and data
loss issues. The organization needed a new loan servicing system with advanced features, such as
multiple calculation types, loan management scenarios, and automated decision-making, to reduce
manual tasks and improve overall operational efficiency.
Their legacy software was outdated, lacked functionality, and caused operational costs and data
loss issues. The organization needed a new loan servicing system with advanced features, such as
multiple calculation types, loan management scenarios, and automated decision-making, to reduce
manual tasks and improve overall operational efficiency.
6 months
Time-to-market
20 min
Saving per one application processing
12500 h
Yearly worktime savings
Approach
Migration to a new lending system
HES FinTech developers integrated HES LoanBox—a comprehensive loan management system featuring modern tech stacks and APIs. The team implemented Camunda, a lending workflow management API, to support two distinct business processes within a single system. The client also gained a feature-rich borrower portal and integrated VoPay as a payment processing provider to automate disbursements and repayments, simplifying loan tracking. Despite the challenge of migrating historical data from the previous system with different calculation logic, our team successfully transferred all data into the new secure database.
Integrations
Result
AI-powered custom loan management system
The lending organization received a custom end-to-end automated lending system with three types
of calculations. The product engine was tailored to Consumer Lending and BNPL loans, and the
system worked with minimal manual work. With automated pre-approvals, electronic document flow,
task management, and role assignment, the system drastically improved efficiency and reduced
operational costs. Moreover, the software was integrated with GiniMachine for instant loan
application and portfolio scoring, Dashly conversational marketing platform for effective
customer communication, and Flinks reporting API for data-driven decisions. The MVP+ version
with all custom preference adjustments was completed in just six months, resulting in
significant cost savings and increased efficiency for the lending organization.
of calculations. The product engine was tailored to Consumer Lending and BNPL loans, and the
system worked with minimal manual work. With automated pre-approvals, electronic document flow,
task management, and role assignment, the system drastically improved efficiency and reduced
operational costs. Moreover, the software was integrated with GiniMachine for instant loan
application and portfolio scoring, Dashly conversational marketing platform for effective
customer communication, and Flinks reporting API for data-driven decisions. The MVP+ version
with all custom preference adjustments was completed in just six months, resulting in
significant cost savings and increased efficiency for the lending organization.
auto-approved growth is 10% worth of our business which is a huge win.