An EU FSA licensed credit provider was looking to upgrade their core system from another provider to Bankish, as their previous system did not provide the level of flexibility required.
Their wide array of credit products, for consumers as well as businesses, needed a common system that would cater for all their needs, including collateral management and clients’ self-service portal. While before, for each of their products, the company had to turn to the developer to set up new products and their definitions, they now can customise current product parameters as well as launch new products in virtually minutes – all the products and their definitions are easily managed in the back-office from drop-down menus.
Although the established credit provider had a noticeable customer base and portfolio behind them, Bankish’s data migration was handled in a manner where all the information of today as well as historical data was drawn to the Bankish system in a couple of weeks. Bankish also improved the company’s internal processes by (a) automating bits which previously had to be handled manually and (b) eliminating the need for data entry to multiple files/locations, to name a couple.
Since 2019, the lender has expanded its activities to additional markets with Bankish and grown their product portfolio, addressing new verticals as well as geographies.