Building a credit screening system for a Nordic bank

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The Challenge

Our client approached the D8 Corporation in 2018 intending to build a credit screening system for their private individual loan origination process. This credit screening system would be available to the bank’s back office employees and would automatically perform credit scoring for all new loan applications, coming from the client’s web banking. Bank’s employees would also have a dashboard available, in case they needed to manually intervene and change application status in the system. 

Solution We Offered

D8 Corporation offered a standard Outstaffing Service – a software development team with a dedicated project manager for building a web-based dashboard where our client’s employees could quickly upload customer data via file (or fill in the forms manually) and screen the customer against internal risk classification framework and also against sanction/restriction lists, using 3-rd party services connected to this dashboard via API. 

Since the scope of the project included creating a relatively trivial web-based dashboard, it did not warrant a big team. The whole project was completed, using the mix of .NET and JS stacks, by a relatively small team of 3 people (2 engineers, 1 QA) in total + a dedicated project manager. All development and testing were completed in just under 2 months, and the project went live shortly afterward. 

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The Results

  • Responsive web-dashboard launched
  • 3-rd party APIs connected to the Dashboard
  • Sanction lists periodic updates on the back-end configured
  • Project delivered on schedule in 2 months (from contract to go-live)

Technologies that were used in this project

ASP.NET
Node.JS
React.JS
MongoDB

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