Fintech Project

Revolutionizing Corporate Credit Assessment

Development and Implementation of a Modern Credit Simulator for a Leading Romanian Bank.

Synergo - full service web & mobile solutions team.

The project involved developing a Corporate Credit Simulator for a leading Romanian bank, aiming to enhance the credit assessment process for corporate clients. The bank’s existing tool, an Excel-based application, was outdated, difficult to use, and lacked integration capabilities with the bank’s existing systems. The tool’s limitations included a lack of user-friendliness and an inability to support a structured pricing approval workflow.

Additionally, only one individual had comprehensive knowledge of the tool, and there was no existing documentation, posing a significant risk to the continuity of the process.


Project Transformation

1 — Challenge and Scope

Modernizing and Integrating a Critical Pricing Tool
— 1

Outdated Tool

The existing Excel-based tool for corporate loan pricing was outdated and lacked user-friendly features.
— 2

System Integration

The tool could not integrate with the bank’s current systems, making it impossible to include a pricing approval flow.
— 3

Knowledge Dependency

Only one person had in-depth knowledge of the tool, and there was no existing documentation, creating significant risks for knowledge continuity.

2 — Solutions

The project focused on developing a new application built on modern, scalable technologies.
— 1

User-Friendly Interface

Designed an intuitive interface to simplify the input of pricing parameters, making loan pricing easier for users.
— 2

System Integration

Connected the new system with the bank’s existing IT setup, enabling smooth workflows for price determination and approval processes.
— 3

Price Estimation Flow

Implemented a feature to finalize simulation prices and generate offers efficiently.
— 4

Broader Accessibility

Reduced reliance on specialized knowledge by creating a system that is easy for all team members to use.
— 5

Enhanced Data Flow

Ensured compatibility with the bank’s IT ecosystem to support efficient data flow and operational processes.

3 — Business Impact

Enhanced Efficiency

Modernized Platform and Enhanced User Experience

Synergo - full service web & mobile solutions team.

Replaced an outdated Excel-based tool with a modern application, significantly improving the credit assessment process for corporate clients.

Better Processes

Synergo - full service web & mobile solutions team.

Connected the new system to the bank’s existing setup, helping all steps work together smoothly.

Wider Use

Synergo - full service web & mobile solutions team.

Built a tool that more people can use by removing the need for special knowledge or training.

Knowledge Backup

Synergo - full service web & mobile solutions team.

Reduced risks by documenting the system and no longer relying on just one person to understand it.

Ready for Growth

Synergo - full service web & mobile solutions team.

Used technologies like Spring Boot, Angular, and PostgreSQL to handle future needs and bigger data loads.

Quicker Decisions

Synergo - full service web & mobile solutions team.

Added a price estimation tool to help users quickly run simulations and create offers.

Reliable Deployment

Synergo - full service web & mobile solutions team.

Used RedHat OpenShift to make sure the app works well and can handle more users in the future.


4 — Technologies and Tools

These technologies are chosen to align with client goals, ensuring innovative and impactful results.
— 1

Spring Boot in creating server-side applications.

— 2

Angular 14 for interactive and dynamic user interfaces.

— 3

Swagger/OpenAPI YAML, for clear and consistent API documentation

— 4

PostgreSQL for handling the bank’s data needs.

— 5

Jenkins and GitLab for automated building, testing, and deployment.

— 6

RedHat OpenShift, providing a secure and scalable environment.


5 — The Team

By combining technical proficiency, creativity, and effective communication, our teams consistently transform challenges into opportunities, driving success across industries.

Tech Lead

Synergo - full service web & mobile solutions team.

Guided the technical strategy and ensured the successful execution of the project.

Backend Developers

Synergo - full service web & mobile solutions team.

Built and maintained the server-side systems and APIs, ensuring reliability and performance.

Frontend Developers

Synergo - full service web & mobile solutions team.

Designed and developed the user interface, focusing on making it easy to use and visually clear.

Business Analyst

Synergo - full service web & mobile solutions team.

Worked with the bank’s team to understand requirements, define processes, and ensure the solution met all needs.

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