Consumer Credit Origination

Challenge

A European Fintech startup has come up with a concept of a Buy-now-pay-later payment method providing a solution for instant consumer credit at checkout. While having all business relationships, legal and marketing components in place, the customer needed a technology partner able to deliver a custom-made solution to market.

Solution

What we did to support our client:

  • We designed the consumer digital onboarding flow, taking into account customer's product specifics, applicable regulatory requirements, and the wishes of customer's business partners - financial institutions.
  • We designed an Application Programming Interface for payment service providers and merchants, implemented the developer portal and the sandbox environment.
  • We performed customization of the user interface of our Digital Onboarding Platform, bringing it in line with customer's brand book, UI guidelines, and operational processes.
  • We designed and operationalized the customer's digital service delivery infrastructure, and integrated our Digital Onboarding Platform with various value-added service providers, platforms, networks.
  • We designed and implemented modern fraud prevention techniques, featuring data driven analysis of various risk metrics, device fingerprinting and combining rule-based risk mechanisms with machine learning models.
  • We designed and implemented a set of plugins for merchants, marketplaces and payment gateways.
  • We supported the customer with their numerous integration projects with merchants, payment service providers, and financial institutions.

Solution

What we did to support our client:

  • We designed the consumer digital onboarding flow, taking into account customer's product specifics, applicable regulatory requirements, and the wishes of customer's business partners - financial institutions.
  • We designed an Application Programming Interface for payment service providers and merchants, implemented the developer portal and the sandbox environment.
  • We performed customization of the user interface of our Digital Onboarding Platform, bringing it in line with customer's brand book, UI guidelines, and operational processes.
  • We designed and operationalized the customer's digital service delivery infrastructure, and integrated our Digital Onboarding Platform with various value-added service providers, platforms, networks.
  • We designed and implemented modern fraud prevention techniques, featuring data driven analysis of various risk metrics, device fingerprinting and combining rule-based risk mechanisms with machine learning models.
  • We designed and implemented a set of plugins for merchants, marketplaces and payment gateways.
  • We supported the customer with their numerous integration projects with merchants, payment service providers, and financial institutions.

Results

The solution has been successfully launched, and is serving as the core of the customer's operation, processing transactions in a 24×7 mode, originating consumer loans and serving thousands of customers and merchants.

Klein Heiligland 10
2011 EG Haarlem
The Netherlands

‍+31 23 20 52 119

‍info@explicitselection.com

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