CASE STUDY • LendKey

How LendKey Accelerated Loan Processing While Cutting Infrastructure Costs

Industry

Banking & Financial Services

Our Contributions

Cloud-native AI Platform Engineering, Intelligent DevSecOps, Modernization & Migration, AIOps, Autonomous FinOps & SecOps

The Challenge

LendKey built a successful Lending-as-a-Service platform specializing in student and home improvement loans, but operational constraints limited their ability to capitalize on lending market opportunities. With evolving regulations and increasing competition, legacy practices and technical difficulties prevented platform adaptation to meet changing borrower needs.

The company struggled with weekly deployment cycles, preventing rapid response to market conditions, complex infrastructure management, creating operational inefficiencies, limited system visibility hampering performance monitoring, and escalating costs that weren't delivering needed agility to compete with fintech lenders. They chose Encora to transform their infrastructure into a modern, agile platform for competitive advantage.

How We Did It

Encora implemented a comprehensive modernization strategy that transformed LendKey's infrastructure into a cloud-native platform designed specifically for financial services agility and compliance.

Financial Services Cloud Architecture

Migrated LendKey to AWS cloud infrastructure with standardized deployment processes for financial services compliance. Supports variable lending workloads while maintaining security standards.

Microservices Platform for Lending Agility

Transitioned from monolithic to containerized microservices using Amazon EKS. Created a modular platform enabling rapid development of new lending products and partner integrations.

Advanced Monitoring and Security Integration

Implemented comprehensive observability and monitoring systems for lending platform requirements. Enhanced security protocols ensure borrower data protection with real-time visibility.

The Result: From Legacy Constraints to Competitive Agility

Working with Encora, LendKey evolved from legacy operational constraints to a modern, agile platform that delivers competitive advantage in the lending marketplace.

200%

increase in deployment frequency

30%

reduction in infrastructure costs

Enhanced system observability, providing real-time monitoring of loan processing performance and rapid troubleshooting capabilities
Improved security compliance, meeting stringent financial services regulations for student and home improvement loan data protection
Composable microservices architecture enabling rapid development of new lending products and seamless integration with partner institutions

LendKey now operates as a modern, agile platform capable of launching new features and adapting to market changes at the speed modern lending demands.

The Bottom Line

This transformation positioned LendKey to compete effectively in the competitive lending marketplace. With on-demand deployments replacing weekly cycles, they can now respond to real-time market changes while maintaining the security and compliance standards required for financial services.