The client is a fintech in the UK having presence in multiple countries in Africa and South America. They have been providing government employees with credit and access to financial services without any security or collateral in nine developing economies across Africa and Latin America.
The Challenge
A leader in salary-tied lending, the client needed to deliver multi-channel financial solutions to customers at speed. The company’s existing systems were disparate and siloed and required a well-orchestrated reconciliation.
The client wanted to launch financial solutions rapidly into the market and needed to integrate siloed systems that lacked intersystem reconciliations.
The Solution
Persistent offered a Digital Bank and Credit Union Solution to the client. With a core banking cloud-based solution powered by Mambu, the client was able to achieve easy loan disbursement with seamless integration between the core-banking solution and other disparate systems.
The client partnered with Persistent to develop a cloud-based core banking solution that integrated with in-house applications, built on Mambu’s core banking platform. With an agile methodology, Persistent enabled them to roll out a pilot system in just four months.
The Outcome
The solution facilitated CRM and marketing activities directly via the core banking solution, enabled ACH processing, set up automatic linking of cards to customer files, and reduced time to market for new financial offerings. And eventually resulted in easy loan disbursement for the customers.
Business Impact
8+ Countries
Ghana, Mozambique, Tanzania, Zambia, Uganda, Botswana
9500
Retail loans
175k
Active clients
Reduced TTM
with agility to launch new products
Technology Used
- Mambu
- Azure Cloud Computing Platform
- Decisions Workflow and Rule Engine
- SQL Server Database
- ASP.net
- C#
