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Request Verification Process for Finances

Repositories tailored to assure high availability, responsiveness, and throughput

Request Verification Process for Finances

Challenge

The challenge was to prepare the company to enter two new markets in the E-commerce loans sector

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Solution

The Loans system we provided is ready to handle the implementation of 2 new markets in Europe.

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Result

Splitting two repositories into smaller components to ensure greater control over the system and all of its parts.

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Challenge

As a financial company, Kreditech operates in several markets, including Europe and India. The challenge was to prepare the company to enter two new markets in the E-commerce loans sector.

With a surge in loan requests, there was an urgent need to enhance the verification process. Kreditech needed a robust system to swiftly verify all applications – from standard checks through personal verification to loan size assessment.

These requirements led to a strategic decision to split their two existing repositories into smaller, more focused components, ensuring high availability, responsiveness, and throughput. The solution needed to be scalable enough to support market expansion, which is why Kreditech partnered with Scalac.

Solution

Scalac supported Kreditech using a team-extension approach by:
▸ Splitting two repositories into smaller components to ensure greater control over the system and all of its parts
▸ Bug-fixing the system based on real-time data analysis
Scalac supported Kreditech using a team-extension approach by:
▸ Akka HTTP
▸ Scala
▸ cats
▸ Akka Streams
▸ Akka

 

All of the above technologies were made-to-measure taking into account the full specification of the system. The stack choice was driven by the need for a scalable solution and provided overall flexibility for the system development.

Result

The Loans system we provided is ready to handle the implementation of 2 new markets in Europe. The division of the repositories has dramatically improved both system speed and performance. Not only for future markets but for the existing ones too.
Day-by-day, we worked closely with the client in an international team of 11 people including:
QA, Development, Tech Lead, PM and our Project Coordinator. Working in Scrum, we participated in every scrum meeting: daily, planning, retrospective, and review. Kreditech Tech Lead took care of grooming – all of the tickets were discussed in the grooming sessions, and then were applied to the tasks in hand.
To achieve the goals we set, the team consisted of:
▸ Senior developer with significant experience in data, Scala and can quickly dive into the architecture of the system
▸ Regular developer with knowledge of Scala frameworks and excellent communication skills to make up a 2- man team with the Senior developer for support and guidance.
▸ Project Coordinator who organizes work in a deadline-friendly way and ensures precise communication.
▸ Single expertise code-review done by a Regular developer with previous experience of the system.
The milestones reached in the project:
▸ Splitting of two old repositories into smaller, more manageable ones.
▸ Fixing the old version of the system.
▸ Preparing the release into 2 new markets.
▸ Speeding up of loan request verifications.
▸ Applying well-known frameworks that can be easily adapted to new needs.

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