Apr 21, 2021
No image
Ongoing

Microfinance Product Engineering for Finitera

$100,000+
more 1 year
Latvia
6-9
view project
Service categories
Service type
Custom Software Development
Domain focus
Banking & Financial Services
Solution type
Business Software

Challenge

The Client originally acquired an out of the box-solution that had to be further developed into a fully working digital service. They realized that they needed to quickly assemble a team of software developers, who could adapt the software to their needs without having to go through a time-consuming talent sourcing process. Moreover, Finitera wanted to expand the business into new markets, which required making modifications to the software to comply with local regulations.

Solution

Finitera turned to Smart IT for software development and quick ramp-up of a dedicated team of software engineers and managers. - Extensive business analysis of new market requirements - Module and feature development for new workflows - Core platform design and customization - MVP developments for new jurisdictions The lending platform would not be able to function without a number of third-party application integrations, allowing communication with: - Bank platforms - Credit history systems - Payment service providers

Results

As a result of our collaboration the Client marked: - Successful market expansion - Customer base growth Apart from ongoing software quality assurance and IT support for the banking and lending platform, Smart IT is also responsible for: - Further backend and frontend development - Website development for company’s brands - Systems maintenance and business continuity For almost three years Smart IT has been the core IT team for Finitera. The company’s teams are committed to helping the Client grow.