HES Fintech

MoneyMan, an innovative online lender, required a fully-fledged flexible solution to automate the entire microfinance lending process and operating procedures. The system had to be capable of running high-performance scoring models in real-time 24/7.

 

After a thorough business and requirement analysis, HES created an end-to-end loan management platform with an open upgrade safe architecture and gamification features.

 

Today, the HES microfinance solution enables MoneyMan to scale up and offer loans to an ever-increasing customer database. The service is now also available in Spain, Georgia, Kazakhstan, Poland, and Mexica and has issued over 400K loans valued at over $80 mn.

The client needed a flexible lending solution to take their business online. Following a requirement analysis, the team of HES FinTech created a full-circle loan platform that fully automates the microfinance lending process and provides integrations with third-party payment systems.

 

The outcome of the project is a robust loan management platform that allows borrowers to register and apply for a loan via mobile phone, access their application/loan data, and receive money on a bank account within 5 minutes. The solution processes borrowers’ loan applications from the initial step until the full reimbursement.

 

The solution by HES FinTech helped the client to scale up and offer loans to an increasing customer database. Now, ATM Online is one of the leading consumer lending companies in Vietnam, known for its low interest rates and fast application processing time.

Idea Bank collaborates with more than 2.5 thousand retail chains and online stores all across Belarus to offer consumer lending services. It required a comprehensive system to automate loan application collection and processing for POS consumer financing deals.

 

In less than 3 months, the HES project team gathered requirements, analyzed and documented business processes and performed customization and implementation of the solution. The system was subsequently introduced to all Idea Bank’s partner retail sites.

 

The solution created by HES achieved all initial project objectives allowing the bank to reduce the application processing time by 5 times.

Fintuity was looking for an experienced long-term technological partner to create a flexible hybrid advisory platform that leverages machine learning and human expertise. HES engineers were tasked with implementing an end-to-end system: from web design and a client portal to the core logic and back-office architecture.

 

The delivered solution is a single machine learning-based platform that analyzes data in real-time and automatically creates investment plans. The platform is built on the basis of the HES Core Lending Engine.

 

The project outcome is a comprehensive and personalized advisory platform that reviews clients’ financial arrangements. Based on machine learning algorithms, the solution allows each client to assume an appropriate level of risk and ensures that they do not pay excessive fees.

Ta Meri Finance approached the team of HES FinTech with a unique business idea of providing financing for purchasing luxury cars — the first of its kind in Cyprus. To launch the platform, the client needed a robust lending solution with rich functionality. The defining strategic objective of the project was the maximum automation of the lending process. Within two months, the specialists of HES FinTech implemented the LLC platform with the core logic and streamlined business processes. The platform based on the HES Core™ provides the functionality of borrowers' acquisition, decision making, product engine with multiple features such as the calculation of monthly installments, insurance, document management, CRM, reporting, and more. The outcome of the project is a comprehensive and personalized car leasing platform that offers full specter of support at all stages of purchasing and financing a car. The successful launch of the LLC platform allowed Ta Meri Finance to take a solid position on the market in the short term. Now the client plans to enter car leasing markets outside of Cyprus.

Under current legislation in Russia, both entrepreneurs and legal entities willing to obtain credit history, need to personally contact a credit bureau and undergo a personal identification procedure. Alternatively, it’s possible to buy a credit history report at branches of several banks or purchase reports via dedicated services. All these options require the physical presence of a client for identification. Sberbank wanted to change this outdated approach and take all the steps online with Instareport. Instareport by Sberbank is implemented based on the «one-stop-shop» principle. As everything happens online, customers don’t need to collect a package of documents and go through an additional identification process. Instead, they get a turnkey report in their mailbox. The report serves as a solution to identify errors and negative aspects in credit history, learn about bank requests, and better evaluate the chance of obtaining a loan. Now Sberbank’s customers have the opportunity to check their credit history based on data from the National Bureau of Credit Histories, the United Credit Bureau, and Equifax. The report contains information about a borrower’s loans and lenders, as well as information about payment discipline. The service allows individual entrepreneurs and legal entities to access information on existing and closed loan agreements, bank guarantees, and inquiries made by banks to verify the borrower’s credit history.