Retail and Commercial LendTech Innovator

Industry Context

As more individuals and organizations shift from net savers to borrowers, the demand for related services has surged. The market has witnessed the rapid proliferation of lending technologies, known as "LendTech," catering to the needs of retail and commercial financial institutions. LendTech companies leverage real-time data in this competitive landscape to gain an edge. Emerging technologies empower lenders to make informed decisions by intelligently balancing risk factors and growth opportunities, transforming the loan origination and servicing industry.

Client Challenge

The evolving LendTech landscape requires swift product updates, but the client's product enhancement cycle lagged behind market needs.
High developer attrition disrupted consistent product development.
Developers were not focused on innovation, leading to slower platform advancements.
Software defects post-release compromised user experience and stretched resources.
Prolonged development cycles hindered the client's timely response to industry shifts, allowing competitors to gain an edge.

Why Azure?

Provides a broad range of cloud services, including computing, analytics, storage, and networking
Offers scalability and flexibility to handle large quantities of data
Improves collaboration and enhances the user experience
Provides a cost-efficient platform with its pay-as-you-go pricing model
Enhances and implements backup and disaster recovery
Offers comprehensive compliance coverage
Uses multilayered, built-in security controls and unique intelligence to detect and protect against rapidly evolving threats
Improves infrastructure and insights
Integrates with other tools (e.g., Memcached and Mule Services).

Results

Significant improvements to product development throughput and quality
Brought schedule and defect variances to below 1%
Increased story points per release by 22%
Experienced lesser developer turnover
Enjoyed better continuity and preservation of intellectual property
Saved money and reduced capital expenditures within seven environments by using more than 95% Azure PaaS services from development through production.
Achieved several business objectives, including handling loans from 500K in on-premises servers to millions in Azure Cloud.

Retail and Commercial LendTech Innovator

Retail and Commercial LendTech Innovator

Industry Context

Client Challenge

Approach

Why Azure?

Azure Solution

Results

Productivity

Developer Attrition

Accelerate Your Path
to Market Leadership

Retail and Commercial LendTech Innovator

Retail and Commercial LendTech Innovator

Industry Context

Client Challenge

Approach

Why Azure?

Azure Solution

Results

Productivity

Developer Attrition

Accelerate Your Path to Market Leadership

Accelerate Your Path
to Market Leadership