Loan Originations
Legacy Platform Modernization
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Case Study
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Loan Originations
Business Problem
A well-established USA subprime lender wanted to modernize their loan origination platform and blueprint a standardized architecture. Goals included a reduction in Total Cost of Ownership(TCO) and improve Scalability and Availability. Ability to componentize platform to integrate quickly with partners.
Requirment
- Create Micro Services architecture from the Monolithic current state.
- Minimize impact on downstream applications due to modernization.
- Multi-Tier security to manage data and partner relationship.
Challenges
- Managing Business As Usual.
- Data accuracy validation and data governance business critical in Fintech.
Solution
- Modernization and migration of 4 applications using Microservices Architecture.
- Re-engineered to handle 10X volume with scalability and availability.
- API Management tools for quicker third-party integration.
- Automated their DevOps along with Infrastructure As Code.
Business Outcomes
35% : Decrease in Infrastructure cost.
4x : Integration time.
Tech Stack
- NET Core on Linux
- Angular SPA
- App Containerization
- MuleSoft API Management
- Managed SQL
- Terraform
- Cosmos DB
- Kubernetes
- Terraform
- Azure DevSecOps