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One of the top US healthcare investment companies collaborated with SmartexLab to revamp their existing loan and transaction management solution.
The Performance Challenge
The legacy monolithic system was failing to process data coming from the company’s extensive client database and thus couldn’t perform management and validation operations quickly and efficiently. SmartexLab’s team addressed this performance issue in the following ways:
The company has been using its own custom application for processing and verifying loans and transactions. However, the solution became technologically obsolete and costly to maintain over time, which is why the client was looking to rebuild it.
The core modules include:
The app users are able to search for particular loans, see a list of all available loans, change their status and send them for validation.
Users can approve, reject or lock a loan for other users, as well as validate loan data according to certain criteria, such as loan-providing banks, loan types, and others.
Users can search for a transaction, see a list of all transactions, update their status and send them for validation.
Users can check if each field in a transaction request is correct, and mark a transaction as accepted or rejected.
The team enabled API integration of the app with other internal services, so that users can send, receive and process data from these systems.
This new service processes new loan requests created by the app users through another internal application.
Currently, the enhancement of the customer’s loan and transaction management is still in progress and SmartexLab team continues adding more functionality to the app.