The case of the fintech that implemented a decision engine to launch personal loans in less than 90 days, and has already granted more than a million loans
In a constantly changing world, financial dynamics are no exception. It is in this scenario that it is crucial to identify opportunities that allow the financial industry to continue accompanying the economic behavior of society.
Within the vast panorama of technology applied to the financial market, new platforms, applications and solutions emerge every day. However, there are few that really manage to push fintech to another level. So much so that in a fascinating technological twist, Naranja X, hand in hand with the implementation of new technologies, has catapulted the financial evolution of its clients. The key? The implementation of an innovative decision engine that accelerated the launch of a new financial product and automated the fintech’s credit evaluation processes, managing to deliver more than one million personal loans in the first half of the year.
With the vision of incorporating processes in the cloud and the need for an agile and flexible solution, Naranja and outside Argentina. The vision of offering immediate responses and a more agile financial evolution led to the implementation of a decision engine hosted in the cloud, thus marking a milestone in its technological transformation.
This is how Naranja Additionally, the platform plans to expand the implementation of the SIISA engine to other services, including microcredit, credit card decision flows and fraud detection.
In this new scenario and with successful examples of technologies that facilitate access to credit, the concept of “financial evolution” emerges. This concept reflects people’s financial progress, from having little or no financial activity to developing a credit history and increasingly accessing formal financial products. Here, technology acts as a key enabler that facilitates this transition, shifting the perspective from inclusion to a more dynamic evolution accessible to a broader group of people.
This financial revolution enabled by Naranja X and SIISA technology allows people who are not part of the formal economy to take the first steps in their financial evolution. The term “financial inclusion” is put in check when technology proposes new paths so that, not even from a discursive point of view, there are those who feel left out.
Director of SIISA technology company applied to the financial market
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
