As digital banking offers new, revolutionary use cases, our client was looking to adopt personalized pricing for their core banking verticals. Innovance’ gap study showed this was only possible with real time visibility of every single customer credit lines. Innovance took on the challenge to design & develop a customer credit line tool to be used by all vertical of the bank to provide personally priced loans and other products.
Collective Credit Limit Line
- Reflection-Based Services Architecture
- Application Design & Development
- Core Banking Application Development
The true challenge of a such project relied on the technical side which included total migration from legacy tools to services infrastructure to future proof the credit/loan business lines of the bank given price-based competition within the highly saturated market.
Innovance has implemented a collective limit structure where all credit modules included. This required detailed analysis studies throughout the bank businesses involving dedicated subject matter analysts & architects.
All credit application and issuance was managed from a monolithic structure where simple additions or modifications required costly implementation cycles and monolithic structure offered no common operation among business lines.
With the project finalized by Innovance singular customer limit was able to be observed from all business lines.
This Java swing-based application offered additional layers of scale, security, and ease of adoption for new use cases or business lines.
This custom-built core banking application having “reflection-based services architecture” proved to offer operational efficiency given new project pipeline built around credits/loans businesses. With this simple change, the bank was able to improve bottom line introducing new levels of profitability by having full range of capabilities around customer credit limit lines.
Innovance providing custom built core banking services for the new era of banking has become a solution partner for banks, Innovance is able to pinpoint & execute the right project for its bank clients having the most positive effect on their overall profitability.
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