Case study

thumb
mBanc is a non-qualified loan provider. mBanc can help provide a loan, basing on alternatives methods, in case someone doesn't qualify for a traditional one.

Project duration:

june 2019 - ongoing

Start project
thumb
Start project
01

Overview

To get a loan from mBanc, an application must be filled out online. Millions of applications need to be processed each month. Because of this, mBanc needed a system that would be able to automate the application process. The previous vendor they had been working with was not able to provide what mBanc needed. They looked for a new software development company and found Limestone Digital.

Hours

Hours

1000+
Developers

Developers

7
Months

Months

16

Technology
used:

Angular
ASP.Net
Core 2.2
React.js
02

Challenge

The developers and designers first worked to rebuild the landing pages so that the company gave off a good first impression to potential customers. They then moved on to the more challenging aspect and mBanc’s biggest concern: decrease the amount of manual work involved and increase the mBanc’s capacity to process online applications.

Get your project off to a great start

start project
03

Solution

Limestone Digital team automated the process by designing a questionnaire that an applicant must fill out in order to see the kind of loans they qualify for. The applicant has to upload documents to the robust system to verify the information. Once done the applicant is provided with loan rates calculated by using the information they submitted previously. So now mBanc has a great looking site as well as the system that was needed to process the loan applications automatically.

System architecture

thumb

A resilient system to maximise bandwidth of loan applications

mBanc parsing server retrieves financial statements and other related information from the applicant’s bank.

Using these data and the other information submitted during the application process, mBanc portal aggregates and displays application status, credit score, and loan conditions for each applicant.
They've become part of our business, rather than just a software team. Limestone Digital has been responsive throughout, helping us deliver on time. And their commitment to honesty is notable.
photo

MAYER DALLAL

Managing Director, MBANC

What we provide for mBanc

thumb

UI/UX design

Limestone Digital started with reconceptualizing the general look&feel of the platform. The new UI/UX design is now more consistent and intuitive for users.

Web development

We set up a team of 5 people to deliver both landing pages and the core part of the platform. As a result, we built an array of sophisticated fintech features for mBanc.

thumb
thumb

API

The system communicates with a range of third-party applications to pull data from there and provide a complete financial service for clients.

Customer service automation

We developed an automated questionnaire that totally eliminates a manual aspect of client assessment. An applicant can also check the application status.

thumb
thumb

Data processing

Based on the previously submitted data via the questionnaire, an applicant gets an automatically calculated credit score and a decision from mBanc regarding the loan application.

What clients say about us

They understand exactly what I ask of them, but they're also available to hop on the phone call when needed. If they know of a better way to do things, they'll always make suggestions, which we find invaluable.
photo

PAULINE BROOKS

Director of operations, Toco Warranty

Their commitment to the success of the project. They are enthusiastic and focused on adhering to coding best practices. Mark has a hands-on approach to ensure his staff are contributing to client expectation, and open to hearing about possible improvements.
photo

RUAN GROENEWALD

Development Manager, Chase Software

The project was completed in an almost impossible deadline, helping the client to successfully complete the contract. Limestone Digital was flexible and communicative throughout the process, staying on top of all milestones and objectives.
photo

JOZEF BACIGÁL

Scrum master, Gamo